SEOUL, April 25 (Korea Bizwire) — The Seoul Metropolitan Government said Sunday it will offer a free animal insurance policy for 12 months to those who adopt an abandoned animal. Anyone who adopts an abandoned animal through 13 designated public agencies and institutions and registers the animal with their local government will be eligible for [...]
SEOUL, Oct. 3 (Korea Bizwire) – Most of the Korean life insurance companies said they would go to the court to find out whether to pay compensation to the families of suicide victims to a recommendation by the financial regulator that they should. It would take years if the case will be resolved in the [...]
SEOUL, Korea, April 30, 2014 (Korea Bizwire) – The Financial Services Commission said on April 30 that it would make an advance legislation notice on May 2 on revised enforcement ordinances related to insurance policy cancellation. According to the new rules, consumers will be able to cancel their insurance policies within 15 days after receiving [...]
SEOUL, Korea, April 22, 2014 (Korea Bizwire) – Amid a series of scandals involving insurance companies, another has burst out. This time it is life insurance companies most of which have not paid out benefits for suicide victims. Even though their insurance policies clearly promised they would pay even in the case of suicide, they [...]