South Korea Insurance News Monitoring

South Korea: Fraudulent health insurance claims by foreigners on the rise

The number of fraudulent health insurance claims by foreign nationals and overseas Koreans increased by 30% in 2024. Data from the National Health Insurance Service (NHIS) has revealed that 17,087 individuals were involved in fraudulent claims in 2024, up …

Can South Korean politics afford to ignore the numbers?

No matter who wins the presidency, South Korea's welfare spending is bound to rise. In a rapidly aging society, individuals cannot shoulder the growing costs of healthcare, elder care, and housing on their own. Nor is that what most citizens expect. …

FSC to raise deposit insurance limit, stick to lending rule rollout

Published: 07 May. 2025, 18:32 Financial Services Commission Chairman Kim Byung-hwan speaks during a press briefing at the Seoul Government Complex in Jongno District, central Seoul, on May 7. [YONHAP]   Korea plans to raise its deposit insurance limit to …

Regulator to unveil measures this month for troubled MG Life Insurance

SEOUL, May 7 (Yonhap) -- The country's financial regulator will unveil a feasible and desirable option for financially feeble MG Non-Life Insurance Co. later this month, its chief said Wednesday. MG Non-Life Insurance has been on the selling block …

Overseas branches of Korean insurers return to black in 2024

Published: 07 May. 2025, 08:35 Lee Bok-hyun, governor of the Financial Supervisory Service (FSS), speaks during a press briefing at the FSS headquarters in Yeongdeungpo District, western Seoul, on April 24. [YONHAP]   Overseas branches of Korean insurance …

South Korea allocates record US$1.38bn for unprecedented Yeongnam forest fires

South Korea: Life insurers hold firm amid reforms and regulatory pressures

In all of 2024, the Korean life insurance market recorded a combined net profit of KRW5.6tn ($4.26bn), a 7.1% increase from KRW5.3tn in the previous year. Moody’s Ratings analyst Gil Jo said that this was primarily driven by higher investment profits. Net …

Global Trade Expert Analyzes Trump’s Tariffs and Explains the 'Deal Zone'

Global Trade expert Shanker Singham lays out what it takes for countries to enter the Trump Deal Zone - special focus on China, Japan, South Korea and India WASHINGTON, MD, UNITED STATES, May 7, 2025 /⁨EINPresswire.com⁩/ -- The "Brains of …

Korean Joo, Standard Insurance PH biggest cash earners in Tour of Luzon  

MANILA, Philippines — JOO DAE YEUNG cornered more than P1 million as the individual classification champion while Standard Insurance Philippines (SIP) banked the most in the team category with P1.63 million from the Tour of Luzon 2025's total cash pot …

Korea's Joo, Standard Insurance 'get the bag' in Tour of Luzon

MANILA, Philippines — Joo Dae Yeung cornered more than P1 million as the individual classification champion, while Standard Insurance Philippines (SIP) banked the most in the team category with P1.63 million from the Tour of Luzon 2025’s total cash pot …

South Korea: Country's first digital insurer to be absorbed into parent after losses

South Korea's first digital insurer seven-year-old Carrot General Insurance is set to be absorbed into its parent company Hanwha General Insurance after posting net losses for six consecutive years. Carrot General Insurance was established in 2019. …

How South Korea Can Grow as a Nonconfrontational Powerhouse

South Korea can take an even more proactive, multidimensional role in its neighborhood without directly confronting China.  Five potential contributions stand out:  First, South Korea could provide indirect maritime support. It could signal the possibility …

Futures Rise Ahead Of FOMC, Boosted By Trade War De-escalation, China Stimmies

US equity futures are higher while global market are mixed ahead of the FOMC decision later today, following news tariff talks between the US and China will begin, and after a surprise stimulus by China. As of 8:00am, S&P and Nasdaq futures are 0.6% …

The Return to Strategic Ambiguity: Assessing Trump’s Taiwan Stance

Would the United States come to the defense of Taiwan if the People’s Republic of China (PRC) invaded? Would the US Navy break a PRC blockade of Taiwan? How would the US military respond to a limited missile strike against military facilities in Taiwan? …

The Philippines is finally launching a digital nomad visa – here’s how to get one

A handful of Asian countries have been added to the ever-growing list of destinations offering digital nomad visas, including Japan, Thailand and South Korea – and now, finally, the island paradise of the Philippines is set to join them. According to …

First Thing Today | Markets boosted by potential easing of U.S., China trade tensions

Good morning! Grains boosted by potential thawing of U.S., China trade tensions... Corn, soybeans and wheat firmed overnight amid news top U.S. and Chinese trade officials will meet. As of 6:30 a.m. CT, corn futures are trading 5 to 6 cents higher, …

Blue Light Blocking Glasses Market Poised for Significant Growth Driven by Rising Screen Time and Health Awareness

Explore the growth trends, market dynamics, and future projections for the global boot market, with a detailed forecast and analysis through 2035 NEWARK, DE, UNITED STATES, May 7, 2025 /⁨EINPresswire.com⁩/ -- According to recent industry research, …

Trump Says The U.S. Doesn’t Need A Trade Deal But The U.K. And India Just Made One Without It!

In a world where global trade dynamics have been anything but stable, the United Kingdom and India just signed a landmark bilateral free trade deal and they did it without waiting for Washington’s blessing. As the U.S. doubles down on protectionism under …

Government defends NIC relief in UK-India trade deal

The business and trade secretary has defended the UK-India free trade deal, saying critics are “confused” to think that the agreement “undercuts” British workers and employers because Indian companies and workers in the UK will not have to pay national …

Local Medical Billing Company Expands Nationwide with Human-Centered Solutions

Meddy expands nationwide as more providers seek billing partners who combine technology with trusted, long-term human support. FAIRFAX, VA, UNITED STATES, May 7, 2025 /⁨EINPresswire.com⁩/ -- With medical billing complexity and administrative costs …

Advisor Financing Joins The Wealth Engineering Expert Sourcing Consortium

Lake Mary, FL, May 7, 2025 – Wealth Engineering Family of Companies is pleased to announce its inclusion of Advisor Financing, as an exclusive core component LAKE MARY, FL, UNITED STATES, May 7, 2025 /⁨EINPresswire.com⁩/ -- The Wealth Engineering …

Trayecto Joins The Wealth Engineering Expert Sourcing Consortium

The Wealth Engineering Family of Companies is pleased to announce the inclusion of Trayecto as an exclusive core component of its Expert Sourcing Consortium. LAKE MARY, FL, UNITED STATES, May 7, 2025 /⁨EINPresswire.com⁩/ -- The Wealth Engineering …

The Role of Tax Network USA Complaints in Preventing Future IRS Problems

Tax Network USA tracks IRS activity changes as “complaints” to adjust strategies early and reduce future compliance risks. LOS ANGELES, CA, UNITED STATES, May 7, 2025 /⁨EINPresswire.com⁩/ -- At Tax Network USA, internal complaint tracking plays a …

Futran Solutions Signs Strategic Collaboration Agreement with AWS to Deliver Advanced Cloud Services for SMB

Futran Solutions expands its AWS collaboration to deliver scalable cloud, AI, and data services tailored for small and medium-sized businesses. EDISON, NJ, UNITED STATES, May 7, 2025 /⁨EINPresswire.com⁩/ -- Futran Solutions, an AWS Advanced Tier Services …

Canadian Institute of Certified Executor Advisors and Advice2Advisors Join Forces to Empower Financial Advisors

TORONTO , ONTARIO , CANADA, May 7, 2025 /⁨EINPresswire.com⁩/ -- The Canadian Institute of Certified Executor Advisors (CICEA) and Advice2Advisors (A2A) are thrilled to announce a strategic partnership aimed at equipping Advisory professionals …

SourceFuse Celebrates 19 Years of Innovation, Impact, and Inspiration

SourceFuse marks 19 years of driving digital transformation with global impact, client success, and a relentless spirit of innovation. JACKSONVILLE, FL, UNITED STATES, May 7, 2025 /⁨EINPresswire.com⁩/ -- SourceFuse, a leading provider of cloud- …

Mangrove Property Insurance to Join FAIA’s 2025 Convention

Building Partnerships with Independent Agents ST. PETERSBURG, FL, UNITED STATES, May 7, 2025 /⁨EINPresswire.com⁩/ -- Mangrove Property Insurance (Mangrove), one of Florida’s newest admitted homeowners insurance carriers, is pleased to announce it …

Red Oak Expands Supervision Suite to Cover Email, Messaging, and Collaboration Platforms

Red Oak adds email, messaging & collaboration tool oversight to its platform, delivering unified, audit-ready supervision across all channels. AUSTIN, TX, UNITED STATES, May 7, 2025 /⁨EINPresswire.com⁩/ -- Red Oak, the industry’s leading …

Flexible IP Address Solutions Fuel AI Innovation for Business Continuity and Growth

Flexible IP leasing with ownership paths enables Lovable and other AI-driven companies to scale seamlessly while maintaining infrastructure stability. LONDON, UNITED KINGDOM, May 7, 2025 /⁨EINPresswire.com⁩/ -- AI-powered solutions are …

MIC, MSF Applaud Designation of Motorcycle Safety Awareness Month

Motorists Urged to #SeeMotorcycles as Riding Season Begins IRVINE, CA, UNITED STATES, May 7, 2025 /⁨EINPresswire.com⁩/ -- The Motorcycle Industry Council and Motorcycle Safety Foundation applaud Congressional Motorcycle Caucus leaders for …

Bits In Glass Joins Creatio as Premier Partner to Advance Innovation in Manufacturing & Distribution

The new collaboration aims to simplify and accelerate CRM and automation for manufacturers and distributors across North America. EDMONTON, AB, CANADA, May 7, 2025 /⁨EINPresswire.com⁩/ -- Bits In Glass (BIG), a trusted global boutique automation …

Palmer Financial Wellness Partners with SwellSpace to Launch the Wellness 360 Benefits Bundle for the Hourly Workforce

CHARLESTON, SC, UNITED STATES, May 7, 2025 /⁨EINPresswire.com⁩/ -- SwellSpace, the modern platform for employee benefits and HR websites, today announced it has been named an official partner of Palmer Financial Wellness, a leading advocate for …

Forager Real Estate Partners launches The Bonita Foundry, a new flex-commercial campus in Bonita Springs

New 181,000-sq-ft flex campus in Bonita Springs to offer customizable Class A commercial, industrial, and recreational space by Forager Real Estate Partners NAPLES, FL, UNITED STATES, May 7, 2025 /⁨EINPresswire.com⁩/ -- Forager Real Estate …

Car Rental Prices USA 2025: Signs of Relief After Years of Surges

The average price of renting a car in some of the most popular locations in the United States has gone down by 6% since 2024. LONDON, UNITED KINGDOM, May 7, 2025 /⁨EINPresswire.com⁩/ -- The average price of renting a car in some of the most popular …

Teledentistry.com and Lane Health Forge Partnership to Expand Access to Quality Healthcare in America

Teledentistry.com and Lane Health are announcing a landmark partnership aimed at improving how Americans receive and afford dental and healthcare services. LAS VEGAS, NV, UNITED STATES, May 7, 2025 /⁨EINPresswire.com⁩/ -- In a move poised to …

Smarter Dentistry Starts Here: Muskan.AI Enhances Diagnostics, Imaging & Patient Care

Muskan.AI expands with DentiLens, a smarter webapp, and real-time AI insights driving intelligent, end-to-end care for modern dental practices. NEW YORK, NY, UNITED STATES, May 7, 2025 /⁨EINPresswire.com⁩/ -- Muskan.AI, a pioneer in the …

HMP Global’s 38th annual Psych Congress to cover latest clinical approaches across all areas of mental health

2025 program features specialized pre-conferences, session honoring the legacy of Dr. Vladimir Maletic, and a keynote on decriminalization and justice reform. MALVERN, PA, UNITED STATES, May 7, 2025 /⁨EINPresswire.com⁩/ -- Clinicians throughout …

Nicole Leiter Joins BioFlex Board of Advisors

PHOENIX, AZ, UNITED STATES, May 7, 2025 /⁨EINPresswire.com⁩/ -- BioFlex, a dynamic solutions provider at the intersection of healthcare and technology, is pleased to announce the appointment of Nicole Leiter to its Board of Advisors. With a …

Linqura Announces Partnership with FirstChoice, a MarshBerry Company, to Bring Agencies AI-Powered Commercial Expertise

Agentic AI platform selected by leading insurance network to transform commercial lines production. HARTFORD, CT, UNITED STATES, May 7, 2025 /⁨EINPresswire.com⁩/ -- Linqura, the AI-powered growth engine designed to transform the business insurance …