Kang Seung-woo is the Business Desk editor at The Korea Times. Prior to this position, he covered politics, national affairs, finance and sports.
Korea Life expects solid numbers
By Kang Seung-woo
Korea Life Insurance put on a solid performance in fiscal 2010, as the firm improved its profitability and financial health.
Korea Life, the country’s oldest insurance company, registered 481.3 billion won ($444.72 million) in net income during the year that ended on March 31, up 15.1 percent from the previous fiscal year, while its risk-based capital (RBC) ratio, a measurement of an insurer’s soundness, hit 235.3 percent, soaring by 27.4 percentage points during the same period.
As of the end of March, Korea Life’s total