South Korea
South Korea insurers’ $3b profit leaves non-life firms behind
South Korea insurers’ $3b profit leaves non-life firms behind
The 30 non-life players reported $1.4b after a year-on-year decline.
South Korea insurers lift overseas profit to $197m
FSS said earnings rose by $37.9m from $159.1m a year earlier.
South Korea insurers lift capital by $6b under K-ICS in December 2025
Available capital reached $190.3b at the end of December.
South Korea to boost nuclear generation to 29.8GW by 2035
Despite initial uncertainty, strong public backing has ensured the continuation of the nuclear roadmap.
Capital regime pressure hits Korean insurers' margins amidst rising claims
New core capital ratio rule is set to tighten balance sheet quality.
Selective retail transactions favour prime high street locations in Seoul
Tourism recovery is driving foot traffic and supporting key retail corridors.
South Korea consumers prioritise quality over price as premiumisation expands
About 69% of consumers value quality over price.
South Korea insurers see profits sink 15.2% in 9M 2025
Net income slid to $7.90b despite gains from asset sales and revaluations.
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.
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