News Life and Health15 Apr 2024

South Korea:Non-life insurance segment outperforms life insurance business in 2023

| 15 Apr 2024

Insurance companies in South Korea, comprising 22 life insurers and 31 non-life insurers, generated KRW13.36tn ($9.68bn) in net income for the year 2023, up by KRW4.18tn or 45.5% from 2022, according to preliminary data released by the Financial Supervisory Service.

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