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South Korea tag returned 136 results

  • South Korea: Seoul rolls out traffic reduction measures to cut greenhouse gases

    The Seoul Metropolitan Government aims to reduce traffic in central Seoul by 30% by 2030, by restricting the number of road lanes to a maximum of four and introducing a 'toxicity tax', it announced last week, reported the Korea Herald. These measures are aimed at cutting greenhouse gases in the area by 40% from the current 943,000 tonnes to 566,000 tonnes by 2030.

    Asia Risk | 15 Aug 2018
  • South Korea: Govt eases burden on semiconductor workers afflicted by job-related illnesses

    Factory workers who help produce semiconductors or TV display screens applying for industrial accident insurance compensation for cancer or other illnesses brought on by their jobs will either no longer be required to submit an epidemiological investigation, or have to submit to a simple investigation.

    Asia | 15 Aug 2018
  • South Korea: Insurance institute to develop pet insurance

    The Korea Insurance Development Institute (KIDI) has announced that it is working to develop the nation's first pet insurance model.

    Asia | 10 Aug 2018
  • Asian insurance regulators trending towards RBC framework adoption

    Insurance supervisors in Asia appear to be inclined towards adopting a risk-based capital (RBC) approach to their respective regulatory frameworks, while jurisdictions that already have an RBC regime in place are continually looking to refine and enhance them further.

    AIRPlus | 07 Aug 2018
  • Four Asian nations among top-10 premium generator in 2017

    China, Japan, South Korea and Taiwan were again among the top-10 premium generators globally, according to Swiss Re's latest sigma report on world insurance statistics.

    AIRPlus | 06 Aug 2018
  • South Korea: Samsung Life stands ground on annuity payout

    Samsung Life Insurance, South Korea's largest life company, has said that it will partly compensate about 55,000 clients of its immediate payment annuities despite the financial watchdog advisimg the insurer to guarantee minimum returns for contracts.

    Asia | 01 Aug 2018
  • South Korea: Govt takes steps to reduce obesity

    The South Korean government aims to lower the population's average obesity rate by implementing measures in the four areas of nutrition, exercise, obesity treatment and improved awareness.

    Asia | 30 Jul 2018
  • Guy Carpenter appoints President and Head of South East Asia and Korea

    Guy Carpenter announced the appointment of Mr Bengt Johnsen as president and head of the South East Asia and Korea (SEAK) region, effective 18 January 2019. He will succeed Mr Richard Jones, who was promoted to chairman of the Asia Pacific region in August 2017. Mr Johnsen will be based in Singapore and will report to Mr Tony Gallagher, CEO of Asia Pacific.

    People | 27 Jul 2018
  • South Korea: Insurers press for phased implementation of new standards

    The insurance industry has renewed a call for South Korea's financial regulator to introduce the International Financial Reporting Standard (IFRS 17) and the Korean Insurance Capital Standard (K-ICS) to the domestic insurance industry in different phases.

    Asia | 19 Jul 2018
  • South Korea: Free riders ditched in health insurance reform

    Starting 1 July, people with high income or significant assets will no longer be able to "free-ride" on the state-run health insurance programme.

    Asia | 17 Jul 2018

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