social insurance schemes

BlackRock Real Assets, a unit of the world’s largest asset manager BlackRock Inc., has acquired a 100% equity stake in Korea Renewable Energy ...

South Korean biosimilar companies such as Celltrion Inc. and Samsung Bioepis Co. are likely to see their sales hike by tens of millions of dollars...

The US insurance group Cigna looks set to become the first foreign insurer on South Korea's digital non-life insurance platform, with an aim to crac...

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

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...

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

South Korea is hitting its stride as an innovator, but it’s an overnight success story over 20 years in the making. Coupang’s $60B IPO t...

The late Samsung Chairman Lee Kun-hee’s lavish art collection is driving South Korea’s art circle to pressure lawmakers to amend the cou...

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 ...

Korean investment bankers are more visible on Wall Street than ever before. Between 2010 and 2020, some 120 bankers, of Korean origin, landed covete...

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...

Pandemics and economic difficulty are cited as the biggest social risk factors by South Koreans, displacing crime and national security, which topped ...

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

Shinhan Bank has raised A$400 million ($285 million) in five-year bonds denominated in the Australian dollar to fund lending to pandemic-hit companies...

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...

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...

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 ...