Insurance Institute for Highway Safety

Last week’s devastating fire at a Coupang distribution center, which reportedly burned down more than 16 million items for delivery, is expect...

South Korean institutional investors, including the Public Officials Benefit Association (POBA) and Yellow Umbrella Mutual Aid Fund, emerged as the ...

Kakao Corp.’s ambition to become an insurer is gradually becoming a reality. The platform giant’s application to start an insurance busi...

South Korean life insurers have made an environmental, social and governance (ESG)-themed investment in The Carlyle Group's €2 billion ($2.4 bi...

Hyundai Motor became the key beneficiary of South Korean institutional investors' heavy buying on the local bourse this month as the global chip sho...

AIOBIO’s dental diagnostic devices will be covered by South Korea’s national health insurance from June 1. AIOBIO is the country’s...

The Bank of Korea has asked the country’s financial institutions to reduce exposure in economic sectors that generate high levels of carbon em...

South Korea’s 36 insurance companies have invested a combined 70 trillion won ($63 billion) in overseas alternative investments as of the end ...

Korea Post has appointed new chief investments officers of both its savings and insurance units, in an internal reshuffle of senior managers at the ...

Korea Trade Insurance Corp. (K-Sure) has agreed to provide $3 billion in trade credit insurance to Saudi Arabia to help South Korean companies win o...

South Korea's insurers along with Shinhan Alternative Investment Management Inc. have committed $130 million in the real estate stabilized credit (RES...

AXA, a French multinational insurance group, is keen to sell a 100% stake in its South Korean operation, AXA General Insurance Co., according to indus...

Following in the footsteps of Prudential Financial Inc., foreign insurance companies are expected to put their Korean units up for sale to meet tighte...

South Korea's jobless claims payments topped 1 trillion won ($842 million) for the third consecutive month in July, threatening to widen the shortfall...

LINA Life Insurance Co., wholly owned by the US life insurance group Cigna, said on August 6 that its parent group has not made a decision to sell the...

The Carlyle Group has joined hands with Korean Re, the largest reinsurer in South Korea, to become the first co-reinsurance providers in a market esti...

The US life insurance group Cigna has recently decided to put its South Korean insurance unit on the market and hired Goldman Sachs as the sale manage...

Vickers Venture Partners, a Singapore-based venture capital firm, is tapping South Korean institutional investors in the second round of fundraising t...

Prudential Financial Inc. has put its South Korean life insurance arm on the market, as the US insurance giant is seeking to shed part of overseas ass...

The Government Employees Pension Service (GEPS) has picked Won-joo Seo, a former chief investment officer of PCA Life Insurance Co. Ltd. (currently, M...

Two insurance units of South Korea’s Hanwha Group have earned about £57.4 million ($75 million) in capital gains from its £159.2 million investment in...

MG Korean Federation of Community Credit Cooperatives, which manages $50 billion of assets, named Sang-hun Kim, a former managing director and head of...

The Construction Workers Mutual Aid Association (CWMA) and a South Korean insurance firm have invested 60 billion won ($56 million) in a 132 billion w...

South Korean retirement funds and insurance companies, including the Public Officials Benefit Association (POBA), are set to buy a 20% stake in th...

A consortium of South Korea’s Construction Workers Mutual Aid Association (CWMAA) and MG Non-Life Insurance Co. Ltd. will invest 60 billion won ($53...

Two insurance units of South Korea’s Dongbu Group will commit 45 billion won ($40 million) to a timberland and farmland fund managed by Boston-based...

Five South Korean insurance companies have invested $118 million in senior debt of a portfolio of six US thermal power facilities, which are expected ...

A group of South Korean insurance firms have invested 180 billion won ($160 million) in mezzanine debt secured on two interconnected buildings in New ...

Korea Post has appointed a former regulator of the Financial Services Commission (FSC) to lead its insurance bureau which manages $44 billion in asset...

A group of South Korean insurers will invest 69 billion won ($60 million) in 29-year senior debt secured on Australia’s National Archives Preservati...