
South Korea: Non-life insurance segment outperforms life insurance business in 2023
Published on April 1, 2024

Insurance companies in South Korea, comprising 22 life insurers and 31 non-life insurers, generated KRW13.36tn ($9.68bn) in net income for the year 2023, up by KRW4.18tn or 45.5% from 2022, according
