Woori Financial Group has announced the merger of Tongyang Life Insurance and ABL Life Insurance into a single entity to be launched in the second half of 2027.
South Korea's insurance M&A market could regain momentum as several long-running sales processes move towards key stages, with KDB Life Insurance, Lotte Insurance, BNP Paribas Cardif Life and AXA Insurance among the companies attracting attention.
Hanwha Life Insurance is rolling out Microsoft's generative AI solution M365 Copilot across its workforce as it seeks to accelerate AI-driven operational transformation.
Kyobo Life Insurance is pursuing the acquisition of AXA General Insurance as it looks to expand into the non-life insurance sector and strengthen its broader financial portfolio.
South Korea's employment insurance system continued to add subscribers in July, but the gains were driven largely by older workers as participation among young people remained in decline.
Cyber risk management is under intense scrutiny in South Korea, following a historic sanction by the country's Personal Information Protection Commission (PIPC).
South Korean life insurers are facing declining sales, as demand for new policies fell amidst a shrinking population and an aging society, reported the Seoul Economic Daily.
South Korean auto insurance portfolios have posted deficits in profits in the first half of 2026, for the first time in six years.
The South Korean government postponed an announcement on higher national health insurance premiums amid concerns of backlash over rising household financial burdens.
Asset managers, Aberdeen Investments, remains optimistic about AI-related technology companies in Asia, citing strong demand and positive medium-term outlooks from companies in Korea and Taiwan.