South Korea
South Korean insurers brace for profit squeeze amidst rate cuts
Direct premiums from long-term products contributed to a 3.7% increase in 2023.
5 days ago
South Korean insurers brace for profit squeeze amidst rate cuts
Direct premiums from long-term products contributed to a 3.7% increase in 2023.
5 days ago
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.
Korean insurers immune from overseas CRE decay: Fitch Ratings
Fitch believes robust capitalisation will enable insurers to absorb shocks from losses.
Foreign banks’ Korean earnings up 6% on higher securities income
The net interest margin declined from 0.75% to 0.63%, according to official data.
South Korean banks’ bad loans climb 0.47% in December
This reflects a significant increase compared to the previous year.
South Korean banks’ net income down 23.9% in Q3
Non-interest income and return of assets both fell during the quarter.
South Korean banks’ net income down 23.9% in Q3
Non-interest income and return of assets both fell during the quarter.
Catholic Medical Center trailblazing big data and AI adoption in Korean healthcare
Its flagship Seoul St. Mary’s Hospital leads the seamless integration of cutting-edge technology across CMC’s eight affiliate hospitals.
South Korea, US to reinforce clean energy partnership
The cooperation prioritises policies and planning, and technologies, amongst others.
Paybooc app named User Experience of the Year in the 2021 Asian Experience Awards
BC Card’s contactless and seamless payment service won a User Experience award in the Payment category.
South Korean incumbent banks’ profits at risk as Kakao Bank expand loan services
The internet-only bank plans to launch mortgages and merchant loan products.
South Korea to decide on Samsung daughters' life insurance shareholder eligibility
The regulator is expected to rule in their favour, sources revealed.
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1. India's life insurance growth slows to 10.6% in October 2. Industry excellence celebrated at Manufacturing Asia Awards and Asian Export Awards 2024 3. South Korean insurers brace for profit squeeze amidst rate cuts 4. Asia leads in embedded insurance, set to reach $170b by 2030 5. Japan’s life insurance slated for 4.7% CAGR through 2029Resource Center
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20
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Mastercard’s Beena Pothen named Executive of the Year - Financial Technology at Malaysia Management Excellence Awards 2024
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The company is powering the digital economy in Malaysia under the direction of Beena Pothen.
The company is powering the digital economy in Malaysia under the direction of Beena Pothen.
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1. India's life insurance growth slows to 10.6% in October 2. Industry excellence celebrated at Manufacturing Asia Awards and Asian Export Awards 2024 3. South Korean insurers brace for profit squeeze amidst rate cuts 4. Asia leads in embedded insurance, set to reach $170b by 2030 5. Japan’s life insurance slated for 4.7% CAGR through 2029Awards
Feb
20
Commentary
ASEAN businesses should not underestimate opportunities 'Down Under'