Park Seong-hun

South Korean insurance industry regulatory issues

2 clusters · 2 sources · last updated 1 day ago

Latest: South Korean regulators sanction 29 insurance professionals for fraud

South Korea has faced significant regulatory challenges within its insurance sector, involving both advertising violations and fraudulent activities. Data released regarding the period between 2022 and the first half of

South Korea rate policy, debt risks, and economic growth

22 clusters · 64 sources · last updated 3 days ago

Latest: South Korea economy grows 1.0% in Q3 driven by semiconductor surge

Following the Bank of Korea’s (BOK) decision to raise the benchmark interest rate to 3.00% in late August 2026, financial stability concerns have intensified. The rate hike aimed to address persistent inflation and risin

South Korean personal data breach trends

6 clusters · 24 sources · last updated 4 days ago

Latest: South Korea Police arrest seven in AI-powered hacking ring

South Korea continues to face significant personal data security challenges, with approximately 140 million individual records leaked between September 2020 and July 2024. These breaches, driven by external hacking, prof

IBK Industrial Bank of Korea SME loan instability

3 clusters · 5 sources · last updated 4 days ago

Latest: Industrial Bank of Korea corporate delinquency rate hits 17-year high

IBK Industrial Bank of Korea is facing significant financial challenges related to its small and medium-sized enterprise (SME) loan portfolio and rising delinquency rates. Investigations have revealed that the bank lent

South Korean debt stress, bank profits and credit risks

40 clusters · 37 sources · last updated 4 days ago

Latest: South Korean card loan rates drop to 13% despite rising funding costs

In mid-August 2026, South Korea’s household credit was projected to exceed 2,000 trillion won. To manage this, the Financial Services Commission doubled the annual household debt growth target from 1.5% to 3.0%. In respo

South Korea medical expenditure and insurance trends

9 clusters · 22 sources · last updated 5 days ago

Latest: South Korea foreign health insurance surplus exceeds 1 trillion won

South Korea’s national medical expenditure reached a record high of approximately 225 trillion won in 2025, representing 8.4% of the nation’s GDP. This total includes a rise in primary surgical procedures and costs, driv

South Korea collusion and bid rigging regulation

3 clusters · 13 sources · last updated 11 days ago

Latest: South Korean companies repeatedly caught in collusion cases

The Korea Fair Trade Commission (KFTC) initially proposed tightening restrictions on companies involved in repeated bid rigging for public contracts. The proposal aimed to extend the assessment period for collusion from