Insurers’ Q1 Net Shrinks amid Pandemic, Declined Asset Value
SEOUL, May 30 (Korea Bizwire) — The combined net profit of insurance firms in South Korea dropped by more than 21 percent in the first quarter of this year amid the pandemic and a decline in asset value, regulator’s data showed Monday. The net profit of 53 major insurers here totaled 3.05 trillion won (US$2.45 [...]