Sales of whole life insurance drop as people live longer
Lee, a 39-year-old man who works at a consulting firm in Seoul’s Guro District, canceled his whole life insurance policy two years ago after maintaining it for about a decade.

Korea Times Finance Reporter
Hello, I am Jun Ji-hye, a reporter at The Korea Times. I primarily cover financial authorities and write articles on a wide range of topics related to finance and capital markets. If you have any information to share, feel free to email me at jjh@koreatimes.co.kr, and I will review it carefully. I am committed to always doing my best to communicate with readers through high-quality articles.
Lee, a 39-year-old man who works at a consulting firm in Seoul’s Guro District, canceled his whole life insurance policy two years ago after maintaining it for about a decade.
The Financial Supervisory Service (FSS) is intensifying efforts to track the flow of funds in connection with allegations of stock price manipulation involving Sambu Construction, which gained attention as a Ukraine reconstruction-themed stock, officials said Monday.
Securities firms are halting the sales of public funds that include Homeplus short-term bonds amid concerns over the recovery of investment funds, as the country’s No. 2 supermarket chain entered corporate rehabilitation proceedings, industry officials said Monday.
Jang, a 28-year-old employee at an IT company in Seongnam, Gyeonggi Province, uses Woori Bank, one of Korea's major commercial banks, as her primary financial institution.
Dunamu, the operator of Upbit, Korea’s largest virtual asset exchange, is going all out in its legal battle to overturn financial regulatory sanctions, appointing seven attorneys from major law firm Kim & Chang as its representatives, industry officials said Sunday.
MBK Partners, the largest private equity firm in Northeast Asia, is facing criticism for "irresponsibly" placing Homeplus into corporate rehabilitation without any self-recovery efforts, despite its massive acquisition debt having led to financial difficulties, industry officials and experts said Thursday.
KakaoBank announced Wednesday that CEO Yun Ho-young has been granted a fifth consecutive term, allowing him to remain at the helm until March 2027. Yun has been leading the company since 2016.
The National Pension Service (NPS), which co-invested in Homeplus with MBK Partners, and Meritz Financial Group, which has lent money to the supermarket chain, are on edge as the retailer has entered court-led rehabilitation proceedings after struggling to secure cash amid liquidity concerns, industry officials said Wednesday.
Commercial banks are actively using YouTube for marketing to attract younger customers, as securing this demographic is key to building a loyal customer base in the future, industry officials said Tuesday.
Music copyright royalties have long been considered exclusive to artists. But entrepreneur Jung Hyun-kyung recognized their potential as a new financial investment product, offering an attractive option for investors seeking portfolio diversification.