National health insurance to cover dental startup AIOBIO’s QLF device

National health insurance to cover dental startup AIOBIO’s QLF device

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

Samsung, Bayer join $90 mn investment in AI healthcare app Ada Health

Samsung, Bayer join $90 mn investment in AI healthcare app Ada Health

Samsung Electronics Co. and Germany’s pharmaceutical giant Bayer AG have made a joint investment in the Berlin-based artificial intelligence (...

Korean insurers may write down $1.1 bn in global alternatives

Korean insurers may write down $1.1 bn in global alternatives

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 names new CIOs of savings, insurance arms

Korea Post names new CIOs of savings, insurance arms

Korea Post has appointed new chief investments officers of both its savings and insurance units, in an internal reshuffle of senior managers at the ...

Seoul to offer $3 bn credit insurance on Saudi's megaprojects

Seoul to offer $3 bn credit insurance on Saudi's megaprojects

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...

Korean insurers, Shinhan Alternative commit $130 mn in KKR CMBS fund

Korean insurers, Shinhan Alternative commit $130 mn in KKR CMBS fund

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

Insurance giant AXA seeks buyers for a 100% stake in Korean AXA General

Insurance giant AXA seeks buyers for a 100% stake in Korean AXA General

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...

Foreign insurers’ Korean units likely up for sale on tougher rules, falling profits

Following in the footsteps of Prudential Financial Inc., foreign insurance companies are expected to put their Korean units up for sale to meet tighte...

Korea’s July jobless claims hit $1 bn; insurance funds’ deficit to widen

Korea’s July jobless claims hit $1 bn; insurance funds’ deficit to widen

South Korea's jobless claims payments topped 1 trillion won ($842 million) for the third consecutive month in July, threatening to widen the shortfall...

US insurer Cigna’s Korean unit says no decision yet on its possible sale

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...

Carlyle to enter Korea’s reinsurance market with Korean Re for embattled insurers

Carlyle to enter Korea’s reinsurance market with Korean Re for embattled insurers

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...

US insurer Cigna to put Korean life insurance arm up for sale

US insurer Cigna to put Korean life insurance arm up for sale

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...

TPG buys Korean health supplement company for about $250 mn

TPG buys Korean health supplement company for about $250 mn

Private equity firm TPG has acquired a small-sized South Korean dietary supplement manufacturer for around $250 million, in its first Korean buyout de...

Prudential seeks to sell Korean insurance arm in estimated $2 bn deal

Prudential seeks to sell Korean insurance arm in estimated $2 bn deal

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...

GEPS picks insurance asset management veteran as CIO

GEPS picks insurance asset management veteran as CIO

The Government Employees Pension Service (GEPS) has picked Won-joo Seo, a former chief investment officer of PCA Life Insurance Co. Ltd. (currently, M...

Hanwha insurance arms net $75 mn from City of London property sale

Hanwha insurance arms net $75 mn from City of London property sale

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...

Korean credit cooperatives picks seasoned insurance asset manager as CIO

Korean credit cooperatives picks seasoned insurance asset manager as CIO

MG Korean Federation of Community Credit Cooperatives, which manages $50 billion of assets, named Sang-hun Kim, a former managing director and head of...

Construction workers’ fund, insurer in $123 mn deal to buy Denver building

Construction workers’ fund, insurer in $123 mn deal to buy Denver building

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...

POBA, Korean insurers to buy $255 mn stake in UK motorway operator

POBA, Korean insurers to buy $255 mn stake in UK motorway operator

South Korean retirement funds and insurance companies, including the Public Officials Benefit Association (POBA), are set to buy a 20% stake in th...

Dongbu insurance arms to commit $40 mn to farmland/timberland fund

Dongbu insurance arms to commit $40 mn to farmland/timberland fund

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...

Korean insurers invest $118 mn in US power generation portfolio debt

Korean insurers invest $118 mn in US power generation portfolio debt

Five South Korean insurance companies have invested $118 million in senior debt of a portfolio of six US thermal power facilities, which are expected ...

Korean insurers invest $160 mn in debt of Facebook-leased NY property

Korean insurers invest $160 mn in debt of Facebook-leased NY property

A group of South Korean insurance firms have invested 180 billion won ($160 million) in mezzanine debt secured on two interconnected buildings in New ...

Korea Post names ex-regulatory official as insurance unit head

Korea Post names ex-regulatory official as insurance unit head

Korea Post has appointed a former regulator of the Financial Services Commission (FSC) to lead its insurance bureau which manages $44 billion in asset...

Australia archive facility’s 29-yr debt attracts $60 mn from Korean insurers

Australia archive facility’s 29-yr debt attracts $60 mn from Korean insurers

A group of South Korean insurers will invest 69 billion won ($60 million) in 29-year senior debt secured on Australia’s National Archives Preservati...

Korean savings fund and insurer to buy college building in Sydney at $56 mn

Korean savings fund and insurer to buy college building in Sydney at $56 mn

The Construction Workers Mutual Aid Association (CWMAA) will acquire a language center building of the University of New South Wales (UNSW) in Sydne...

Hanwha Asset to raise $1 bn from insurance arms to launch global funds

Hanwha Asset to raise $1 bn from insurance arms to launch global funds

South Korea’s Hanwha Asset Management Co. Ltd. will launch three global funds for infrastructure, real estate and private equity investments, with $1 ...

[ASK 2017 SUMMIT Panel Talks] Korean insurers seek co-investment, top-tier GPs

[ASK 2017 SUMMIT Panel Talks] Korean insurers seek co-investment, top-tier GPs

South Korean insurance companies are looking for co-investment in overseas alternatives with general partners, and leaning towards larger GPs in the i...

Korean regulator moves to scrutinize savings funds’ financial health

Korean regulator moves to scrutinize savings funds’ financial health

South Korea’s savings funds may come under direct supervision of the country’s top financial watchdog as the Financial Services Commission (FSC) is se...

Korean insurers invest $102 mn in senior debts of Manhattan building

Korean insurers invest $102 mn in senior debts of Manhattan building

Three South Korean insurance firms have invested 115 billion won ($102 million) in senior secured debts of a building in Manhattan, New York which is ...

Korea to ease capital reserve rules for insurers’ overseas infrastructure assets

Korea to ease capital reserve rules for insurers’ overseas infrastructure assets

South Korea’s top financial regulator will cut reserve requirements by half for insurance firms’ cross-border infrastructure assets from as early as J...

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