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CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.

Demographic crisis drives life insurers into non-life insurance sector

Life insurance companies are progressively rolling out products aimed at covering medical expenses related to cancer, diseases, and other health threats amid a rapidly changing demographic landscape, according to industry officials, Wednesday.

Apr 10, 2024By Yi Whan-woo
Demographic crisis drives life insurers into non-life insurance sector
  • Will credit card payments for insurance premiums become available?

Sleep market in Korea reaches W3 tril. says report

Kim Eh-ra, a salaried worker in her early 30s, says she is spending more money to get better sleep as her work stress continues to mount.

Apr 10, 2024By Yi Whan-woo
Sleep market in Korea reaches W3 tril. says report

Korea lags behind in tackling gender wage gap despite increase in female workers

The number of employed Korean women has reached a record high, but the country is still far from improving the wage gap between men and women, which is the worst in the Organisation for Economic Co-operation and Development (OECD).

Apr 9, 2024By Yi Whan-woo
Korea lags behind in tackling gender wage gap despite increase in female workers

Bank deposits diminish as stock, crypto markets grow

A fixed-term deposit account is where a lump sum of money is invested all at once for a fixed duration, in return for a predetermined interest rate for the corresponding period.

Apr 9, 2024By Yi Whan-woo
Bank deposits diminish as stock, crypto markets grow

Digital insurers struggle with net loss despite growing profitability across entire market

Digital insurance companies are failing to make a profit while the overall insurance market is increasingly generating revenue.

Apr 8, 2024By Yi Whan-woo
Digital insurers struggle with net loss despite growing profitability across entire market

Companies prone to take more shareholder-friendly policies

A lower number of proposals were made by shareholders and added to the agenda during the general meetings of listed companies this year, research released Monday showed.

Apr 8, 2024By Yi Whan-woo
Companies prone to take more shareholder-friendly policies

Hanssem, Hyundai Livart fined for price rigging

A total of 31 home furniture manufacturers, including two top-ranked brands Hanssem and Hyundai Livart, were slapped with a combined 93.1 billion won ($68.8 milllion) fine for years of colluding on bidding for built-in furniture, the Fair Trade Commission (FTC) said Sunday.

Apr 7, 2024By Yi Whan-woo
Hanssem, Hyundai Livart fined for price rigging

Home foreclosures soar as borrowers fail to meet mortgage repayment obligations

The number of homes that were foreclosed and put up for auction by the courts increased to the highest level in more than 11 years in March, data showed Sunday.

Apr 7, 2024By Yi Whan-woo
Home foreclosures soar as borrowers fail to meet mortgage repayment obligations

Samsung Fire & Marine Insurance ends bancassurance business

Samsung Fire & Marine Insurance has stopped offering bancassurance services, after operating in the field for 21 years.

Apr 6, 2024By Lee Yeon-woo
Samsung Fire & Marine Insurance ends bancassurance business

Koreans spend more on interest payments than rent

The data compiled by Statistics Korea showed that the monthly interest rate payment for households nationwide averaged at 130,000 won ($96) in 2023, up 31.7 percent or 31,300 won from a year earlier.

Apr 4, 2024By Yi Whan-woo
Koreans spend more on interest payments than rent
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