South Korea
South Korea insurers see profits sink 15.2% in 9M 2025
South Korea insurers see profits sink 15.2% in 9M 2025
Net income slid to $7.90b despite gains from asset sales and revaluations.
4 days ago
What lies ahead for South Korea’s medical device market?
The government is investing over $622.1m to support next-generation medical devices.
South Korea’s general insurance sector bound for 3.8% CAGR through 2029
Motor insurance will account for 58.7% of direct written premium (DWP) in 2025.
South Korea’s nuclear generation to reach 222.7TWh by 2035
The country has four upcoming reactors on top of 25 existing ones.
South Korea immunochemistry analyser market to grow 4% annually until 2036
One key driver is the shift toward high-precision diagnostic systems.
South Korea’s motor insurance grows 2.4% in 2025 with rate hikes
Motor insurance remains the largest segment in the general insurance industry.
South Korean insurers bag $10b in profits for 2024
The increase was mainly driven by higher investment income across life and non-life.
Korea’s new capital rules reduce insurers' capital burden
Under the revision, capital adequacy benchmark will be lowered to 130% to 140%.
South Korean insurers bag $80b in premiums for H1 2024
Net income of all insurers for H1 2024 amounted to $6.49b.
Gen MZ drives South Korea’s second-hand luxury boom
This shift is driven primarily by younger generations.
South Korean insurers brace for profit squeeze amidst rate cuts
Direct premiums from long-term products contributed to a 3.7% increase in 2023.
S. Korea leads mobile game scores in East Asia as 5G improves gaming experience
The country led the Game Score with 90.06 out of 100 during H1 2024.
South Korea’s insurers bag $7b in earnings for H1 2024
This was equivalent to a 2.8% YoY rise.
Korean insurers dominate overseas investment in real estate
Investments mounted to KRW $42.1b.
Korea's retail industry increases 10.8% in April 2024
April saw a 22.2% surge in online sales.
South Korean banks’ loan delinquency rate rise in Feb
Corporate, SME, and household loans all saw their delinquency rates rise.
Overseas expansion impacts Korean banks’ profits
Despite Korea's high GDP per capita, the current level suggests there's still room for improvement.
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