Korean insurers set for higher profits under new accounting rule
International Financial Reporting Standard 17 accounting methods will start this year
International Financial Reporting Standard 17 accounting methods will start this year
Letter urges conglomerate to increase renewable energy commitment
Punishment follows warning from regulatory agency over a year ago
Firm teams up with postal agency to create overseas investment vehicle
Pandemic triggers heightened demand for protection products
Deal is among trend of rich buyers from Asia targeting investments out west
Group calls on other insurers to follow suit
Decision comes amid pressure from international environmentalist groups
Market saturation and slowdown at home prompt firms to seek income elsewhere
Overall, country’s big three accepted just over half of the recommended claims