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South Korea: Insurers' net income up 36.2% in 2014 first half

August 5, 2014 - 6:00am


South Korea's insurance industry registered a 36.2% year-on-year increase in net income to 3.38 trillion South Korean won ($3.33 billion) during the January to June period, the Financial Supervisory Service said.

Nonlife insurers recorded a 58.7% rise in profit to KRW 1.44 trillion ($1.42 billion), Yonhap News Agency reported.

Combined premiums fell 2.2% to KRW 86.3 trillion ($85.2 billion) during the period.

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