Deposit insurance coverage ensures that the Korea Deposit Insurance Corp. (KDIC) can reimburse deposits of up to 50 million won per person at each financial institution in cases of bankruptcy or ...

Yoo Jae-hoon, chairman and president of the Korea Deposit Insurance Corp. (KDIC), urged the National Assembly to work to promptly introduce the financial stability account, which was shelved ...

The government-led deposit insurance coverage will double to 100 million won ($71,464), marking the first increase since the ...

The general insurance industry in South Korea, in terms of direct written premiums, is expected to grow at a CAGR of 5.2%, from KRW34.1trn ($26bn) in 2024 to KRW43.5trn ($33.3bn) in 2029.

The Financial Stability Account is a system that allows the Korea Deposit Insurance Corporation to provide funds before insolvency occurs to financial companies facing temporary difficulties by ...

Report Ocean has published a new report on the South Korea Motor Insurance Market, delivering an extensive analysis of key factors such as market restraints, drivers, and opportunities. The report ...

An icon in the shape of a lightning bolt. Impact Link Heavy snow continued to blanket South Korea's capital for a second day running on Thursday, following a record-breaking snowstorm in Seoul the ...

South Korean virtual asset deposit platform Delio was declared bankrupt by a court in Seoul on Nov. 22, according to multiple local press reports. Delio, which owes customers 245 billion won ($1. ...

North Korea has spent decades stockpiling millions of rounds of artillery and thousands of rockets. Years of high-profile intercontinental ballistic missile tests by North Korea have fallen short ...

Five people have reportedly died in a cold snap engulfing South Korea, with its capital Seoul facing its third-heaviest snowfall on record. About 142 flights from Seoul have been cancelled as it ...

SEOUL, South Korea (AP) — South Korea’s central bank on Thursday lowered its key policy rate for the second straight month and said the country’s economy will grow at a slower pace than it ...