Yonhap Infomax NewsOct 27
South Korea's financial regulator is investigating NH NongHyup Life Insurance over suspected illegal rebates involving promotional hand cream, with strict action promised as criminal procedures and inspections continue.
#YonhapInfomax #NHNongHyupLifeInsurance #FinancialSupervisoryService #RebateInvestigation #PromotionalItems #SlushFunds #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=87394
Lee Chan-jin Says 'NH NongHyup Life Promotional Rebate Case Strongly Suspected of Corruption—Strict Action to Follow'

South Korea's financial regulator is investigating NH NongHyup Life Insurance over suspected illegal rebates involving promotional hand cream, with strict action promised as criminal procedures and inspections continue.

Yonhap Infomax
Yonhap Infomax NewsSep 29
South Korea’s insurance sector is moving swiftly to strengthen internal controls, recruiting former regulators and enhancing oversight, as authorities intensify consumer protection efforts and regulatory scrutiny.
#YonhapInfomax #ConsumerProtection #NHNongHyupLifeInsurance #FinancialSupervisoryService #InternalControls #InsuranceIndustry #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=83818
Insurance Sector Moves Proactively to Strengthen Internal Controls Amid Regulatory Pressure on Consumer Protection

South Korea’s insurance sector is moving swiftly to strengthen internal controls, recruiting former regulators and enhancing oversight, as authorities intensify consumer protection efforts and regulatory scrutiny.

Yonhap Infomax
Yonhap Infomax NewsSep 17
South Korea’s top insurers face mounting pressure to boost core capital ratios, with new regulatory scrutiny revealing wide gaps among major players and prompting a shift toward risk reduction and reinsurance strategies.
#YonhapInfomax #CoreCapitalRatio #NHNongHyupLifeInsurance #KICS #FinancialServicesCommission #ReinsuranceDemand #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=82031
“Raise Core Capital Ratios” – Major Insurers Show Wide Disparities

South Korea’s top insurers face mounting pressure to boost core capital ratios, with new regulatory scrutiny revealing wide gaps among major players and prompting a shift toward risk reduction and reinsurance strategies.

Yonhap Infomax