Business · Energy & Commodities · 2 hrs ago

South Korean life insurers invest 6.2 trillion won in productive finance

South Korean life insurers invest 6.2 trillion won in productive finance

South Korean life insurers supplied 6.2 trillion won to productive finance through September this year.

The investments are intended to support areas including infrastructure and advanced industries.

The industry has a five-year investment plan of 23.7 trillion won, though the figures given do not clarify how the September total compares with that plan.

Financial regulators and insurers are working to make investment rules more flexible to encourage long-term investment in advanced industries.

The Life Insurance Association held a meeting to discuss progress and challenges.

Insurers also plan to create a 15 billion won fund for financially vulnerable people.

The next steps described are continued work on the investment rules and support for those who need financial help.

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