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.
Mirae Asset Life Insurance has launched the Variable Savings Insurance Global Asset Management (enhanced protection type), which significantly strengthens investment features and death benefits.
South Korea has expanded the scope of its employment insurance coverage to include more categories under gig and educational workers.
South Korea's regulatory changes are strengthening capital quality, solvency resilience and consistency, under IFRS17 reporting.
South Korea's Ministry of Oceans and Fisheries has launched a digital claims system for fisheries policy insurance, fully transitioning the claims process for fishermen's disaster compensation insurance online.
The South Korean insurance regulator, Financial Supervisory Service (FSS), has made its oversight for the insurers stricter to ensure that the insurers do not inflate the expected income mentioned in recruitment advertisements for side-hustle agents.