SEOUL, Jan. 18 (Korea Bizwire) — Dongbu Insurance has formed a US$ 200 million joint investment fund with MetLife and Manulife Financial to expand its foreign investment portfolio. According to investment banking industry experts, Dongbu Insurance has partnered with Manulife Financial in a US$ 100 million joint investment fund to finance infrastructure and real estate in the [...]
SEOUL, Sept. 19 (Korea Bizwire) – A financial consumer organization warned more caution when dealing with foreign life insurance companies as they committed more financial frauds than Korean counterparts. According to the Korea Finance Consumer Federation (KFCF)’s analysis on the status of financial frauds including misappropriation of 24 life insurers for the past three years, [...]
SEOUL, May 21 (Korea Bizwire) – SK C&C’s mobile enterprise application solution was selected as a platform of the mobile office system of MetLife’s Asia-Pacific operations. With the selection, the Nexcore Mobile solution became the standard of MetLife’s MOS. SK C&C announced on May 21 that it won the order for MOS construction for MetLife [...]
SEOUL, Korea, April 16, 2014 (Korea Bizwire) –Variable life insurance funds, the bread-and-butter of life insurance companies, are recording a very low rate of return. Over the last year, their average yield was 0.81 percent with about 40.6 percent of the funds having recorded deficit. On April 15, the Korea Finance Consumer Federation (KFCF) reported [...]