News Regulations07 Dec 2020

South Korea:Insurance act to be amended for IFRS 17 to be adopted in 2023

07 Dec 2020

The Financial Services Commission (FSC) has announced that it would operate a task force to submit an amendment to the insurance law to the National Assembly in the first half of next year so that the new international accounting standard IFRS 17 can be implemented in 2023.

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