Country Profile - South Korea: To Expand or Not To Expand – The Battle of Bancassurance
Source: Asia Insurance Review | Oct 2008
Push and pull. This is the scenario the expansion of bancassurance has created in South Korea’s insurance market. After three pushes of expansion, the National Assembly’s Finance & Economy Committee pulled the planned fourth phase in February after much opposition that saw hundreds of industry people taking to the streets and key players clamouring for the plan’s scrapping. Our Journalist, Ms Manuelita Contreras, finds out more.
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