News Regional01 May 2019

Korea:Increased profits for overseas branches of domestic insurers

Data from South Korea's Financial Supervisory Service (FSS) have revealed that overseas branches of the country's insurers have delivered improved results in 2018 mainly due to gains in investment, reported Yonhap News Agency. The overseas branches had posted a combined net profit of $23.7m last year, compared with a net loss of $20m in 2017. At the end of 2018, the total assets of insurers' overseas branches stood at $4.5bn according to FSS.

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