Foreign life insurers face widening performance gap
Fubon Hyundai and Cardif Life face losses after IFRS17 implementation, while Lina, MetLife, and AIA maintain profits, widening the performance gap among foreign life insurers in Korea.
Fubon Hyundai Life CEO Lee Jae-won focuses on financial improvement
Fubon Hyundai Life CEO Lee Jae-won reappointed for fourth term, focusing on improving financials after IFRS17 implementation caused losses. Challenges include profitability and capital adequacy.
NICE Rating downgrades Fubon Hyundai Life's credit outlook to negative, while Hanwha Life's outlook improves. Other insurers' ratings remain unchanged.
JPMorgan: Crypto Market Structure Act likely to pass mid-year
JPMorgan predicts the Crypto Market Structure Act will likely pass by mid-2026, potentially transforming the crypto market and attracting institutional investors.