Korea Insurance Research Institute Archives

South Korea Urged to Consider Japan’s ‘Lonely Death’ Insurance

SEOUL, Dec. 11 (Korea Bizwire) — Amid a surge in the number of people dying alone in South Korea, a new report has called for the country to follow in the footsteps of Japan and adopt insurance programs for so called lonely deaths. According to the report released on Sunday by researcher Kim Se-joong at the [...]

Crashing into a Foreign Car Might Cause Serious Financial Problems

SEOUL, July 28 (Korea Bizwire) – The standards for insurance payments on foreign cars are not clear, exposing drivers of low-priced cars to financial risks. Professors Ki Seung-do and Lee Kyu-hoon of the Korea Insurance Research Institute pointed out that domestic car drivers are exposed to more financial risks when getting in accidents with foreign cars. [...]