Yonhap Infomax NewsJun 3, 2025
The Financial Supervisory Service (FSS) is intensifying its crackdown on unhealthy insurance sales by general agencies, introducing stricter oversight and new commission rules to protect consumers as South Korea’s insurance market growth slows.
#YonhapInfomax #FinancialSupervisoryService #GeneralAgencies #InsuranceMarket #CommissionReform #ConsumerProtection #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=65924
FSS Cracks Down on Unhealthy Insurance Sales Practices by General Agencies

The Financial Supervisory Service (FSS) is intensifying its crackdown on unhealthy insurance sales by general agencies, introducing stricter oversight and new commission rules to protect consumers as South Korea’s insurance market growth slows.

Yonhap Infomax
Yonhap Infomax NewsMar 31, 2025
Financial Services Commission proposes reform of insurance sales commissions to address unsound practices and low retention rates, aligning with global standards on disclosure and conflict of interest prevention.
#YonhapInfomax #InsuranceSalesCommissions #FinancialServicesCommission #CommissionReform #ContractRetentionRates #IFRS17 #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=56344
Excessive Insurance Sales Commissions Lead to Unsound Business Practices - Overseas Markets Disclose Commission Rates

Financial Services Commission proposes reform of insurance sales commissions to address unsound practices and low retention rates, aligning with global standards on disclosure and conflict of interest prevention.

Yonhap Infomax