Data from the National Health Insurance Service (NHIS) revealed that the country's national health insurance system recorded a surplus of KRW1.01tn ($763m) from foreign subscribers in 2025.
AIA Life Korea held a K-pop concert for customers, employees, their families and business partners from Korea, Malaysia, the Philippines and Singapore, combining Korean cultural performances with charitable giving.
Increasing costs and an ageing population are likely to slow down the growth rate of South Korean insurance industry in 2027, according to a new report.
Hanwha Life Insurance has approved plans to issue domestic subordinated bonds worth KRW400bn ($302m) to KRW800bn ($604m) to support its financial soundness. The South Korean life insurer's board approved the proposed issuance on 20 October, according to a regulatory filing with the Financial Supervisory Service's Data Analysis, Retrieval and Transfer System (DART).
ABL Life Insurance has launched a new whole life insurance product designed to provide financial support to policyholders diagnosed with serious illnesses while maintaining death benefits for their beneficiaries.
South Korea's insurance regulator, the Financial Services Commission (FSC), has blocked the Korea Insurance Training Institute's equity investment in an AI joint venture, ruling it an illegal business practice under current law.
Hanwha Life is expanding its youth financial education initiatives overseas, building on years of experience in Korea.
Shinhan Financial Group has signed a stock purchase contract to acquire a 77.04% stake in Lotte Non-Life Insurance from JKL Partners for KRW693.3bn ($515m), marking a major move to expand its non-banking portfolio and elevate its standing in South Korea's non-life insurance sector.
Korean life insurers' aggregate K-ICS ratio was broadly stable quarter on quarter at end-June 2026, with the post-transitional ratio declining 0.7 percentage points to 206.8%. This is according to estimates by CreditSights, which added that the underlying ratio rose 2.5 percentage points to 193.0%. The report noted wide differences among insurers, with post-transition ratios ranging from 138.3% at Hana Life to 396.4% at NongHyup Life.
A 42% spike or KRW37.5bn ($27.9m) in unpaid health insurance premiums by foreigners and overseas Korean has triggered calls for tighter residency checks and enforcement, reported Korea JoongAng Daily.