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News
Lotte Non-Life streamlines long-term units after Korea orders overhaul
3+ mon, 5+ day ago (14+ words) Lotte Non-Life streamlines long-term units after South Korea orders fixes - CHOSUNBIZ Chosunbiz...
Park Chan-taek repeats as Tongyang Life top agent, highlights data-driven trust
3+ mon, 3+ week ago (15+ words) CHOSUNBIZ Chosunbiz...
Korea’s KDIC opts to hold Hanwha Life stake, eyes 7,000-won sale level
4+ mon, 1+ day ago (360+ words) This article was displayed on the ChosunBiz MoneyMove (MM) site at 9:28 a.m. on May 12, 2026. Unrecovered public funds related to the Hanwha Life Insurance equity currently held by the KDIC are estimated at around 1 trillion won. The market believes the share price must…...
Woori Financial speeds Tongyang Life delisting, pushes full ownership in Korea
4+ mon, 1+ week ago (114+ words) Woori Financial accelerates Tongyang Life delisting with full-ownership swap in Korea - CHOSUNBIZ Chosunbiz Woori Financial Group is speeding up the delisting of Tongyang Life Insurance. Woori Financial Group is said to have persuaded shareholders by presenting a plan to make…...
South Korea insurers expand overseas footprint as branch profits rise
4+ mon, 1+ week ago (387+ words) CHOSUNBIZ Chosunbiz South Korea insurers expand overseas footprint as branch profits rise Last year, the number of overseas branches of domestic insurers totaled 46, up two from a year earlier. Net income at overseas branches also came to $197 million, up $37.9 million…...
Lotte Insurance submits overhaul plan as South Korea weighs approval
4+ mon, 1+ week ago (128+ words) CHOSUNBIZ Chosunbiz Lotte Insurance submits overhaul plan as South Korea weighs approval Lotte Non-Life Insurance, which received prompt corrective action from the financial authorities, disclosed on the 4th that it submitted a management improvement plan on the 30th of last month. Lotte…...
NongHyup overtakes Woori as profits slide; Tongyang Life drags group in South Korea
4+ mon, 2+ week ago (14+ words) CHOSUNBIZ Chosunbiz...
Low delay interest fuels rising insurance payout holdups in South Korea
4+ mon, 2+ week ago (12+ words) CHOSUNBIZ Chosunbiz...
Kyobo Life chief Shin Chang-jae honors 1,500 top planners in South Korea
4+ mon, 2+ week ago (248+ words) CHOSUNBIZ Chosunbiz Kyobo Life chief Shin Chang-jae honors 1,500 top planners in South Korea Shin Chang-jae, CEO and chair of the board of Kyobo Life Insurance, encouraged 1,500 outstanding insurance planners, saying they are "evangelists who widely spread the value of customer…...
South Korea launches 5th-gen indemnity insurance, cuts premiums 40%
4+ mon, 2+ week ago (95+ words) CHOSUNBIZ Chosunbiz The fifth-generation indemnity health insurance, which reduces coverage for nonreimbursable services and is reorganized to focus on essential and severe conditions, is set to launch next month. Premiums are expected to drop to about 40% of those for the…...