SEOUL, Nov. 22 (Korea Bizwire) — Samsung Life Insurance Co., South Korea’s top life insurer, said Monday that it has agreed to launch a joint investment fund with the state-run postal agency for overseas investments. In a preliminary deal signed with Korea Post, Samsung Life Insurance said that they will launch the joint investment fund [...]
SEOUL, Dec. 26 (Korea Bizwire) — Total assets held by South Korea’s private insurers surpassed the 1,000 trillion won (US$926 billion) mark in 2016, 94 years after the first firm started operations, industry data showed Monday. The 2016 insurance statistical yearbook released by Korea Insurance Development Institute, showed combined assets held by local insurance agencies [...]
SEOUL, Aug. 23 (Korea Bizwire) — A report released on August 22 ranking the fourteen major life insurance companies by risk-based capital ratios showed four of the top five places occupied by foreign companies. Samsung Life Insurance held down second place with a 331.8 risk-based capital ratio (RBC), followed closely by Lina Life Insurance with [...]
SEOUL, Jul. 12 (Korea Bizwire) — CJ Cheiljedang Corp., South Korea’s leading maker of processed foods, said Wednesday it will sell all of its stake in Samsung’s life insurer through block trading, as the company pushes to jack up investment. The company will unload 2.98 million shares worth 357 billion won (US$311 million), or a [...]
SEOUL, June 14 (Korea Bizwire) – South Korea’s major offline insurers have emerged as major players in the country’s online life insurance market, data showed Tuesday, as they focused marketing activities on savings-type policies, which life planners shun due to low commissions. Kyobo Lifeplanet Life Insurance Co., an Internet arm of Kyobo Life Insurance, became the largest online life insurer with the initial premium payments of 1.28 billion won (US$1.1 million) [...]
SEOUL, March 2 (Korea Bizwire) – South Korea’s top-three life insurers – Samsung, Hanwha and Kyobo – have decided to pay all overdue suicide claims, giving in to regulators’ punitive steps, industry officials said Thursday. Samsung will pay a total of 174 billion won (US$152 million) in respect of its policyholders who committed suicide on [...]
![[Kobiz Feature] “Avengers 2” Shooting in Seoul Arouses Mixed Reactions](http://koreabizwire.com/wp/wp-content/uploads/2014/04/6976087418_59719341f5_c.jpg "[Kobiz Feature] “Avengers 2” Shooting in Seoul Arouses Mixed Reactions")
SEOUL, Korea, April 1 (Korea Bizwire) – As the filming of a Hollywood blockbuster movie began in Seoul last weekend, Seoulites showed mixed reactions to inconveniences caused by blocking traffic for the shootings. The shooting of “The Avengers: Age of Ultron,” began on March 30 at Mapo Bridge and of the nearby small floating island in [...]