insurance products Archives | Be Korea-savvy
Insurance Product Inquiries Soar amid Stabbing Rampages

Insurance Product Inquiries Soar amid Stabbing Rampages

SEOUL, Aug. 10 (Korea Bizwire) – Amid a series of shocking fatal stabbing rampages in urban areas, the public’s alarm has surged, leading to a rapid increase in inquiries about insurance products that encompass coverage for such harrowing crimes. According to industry insiders, major non-life insurance companies across the nation have noted a 20-30 percent [...]

Financial Authorities to Ease Minimum Paid-in Capital Requirements to Promote ‘Mini Insurance’ Market

Financial Authorities to Ease Minimum Paid-in Capital Requirements to Promote ‘Mini Insurance’ Market

SEOUL, Feb. 5 (Korea Bizwire) — The minimum paid-in capital requirements for the establishment of insurance companies will be greatly eased to stimulate the market for ‘mini insurance’ businesses that specialize in everyday life-related insurance products such as policies for pets and travelers, South Korea’s financial authorities said Thursday. The Financial Services Commission announced that it will [...]