Insurance Ancillary Business Applications Drop Sharply

Korean insurance companies filed only 1 ancillary business application in 2026, down from 10 in 2024, as firms focus on core profitability amid declining net income.

NH Bank Leads Retirement Pension Returns

NH Nonghyup Bank achieved top returns among major banks for non-guaranteed retirement pension products for second consecutive quarter, with DB at 16.32%, DC at 24.92%, and IRP at 24.82% in Q1 2026.

FSS: Consumer Protection Governance Strengthens

South Korea's Financial Supervisory Service reports rapid adoption of consumer protection governance practices among financial firms, with 69 companies now reporting consumer protection strategies directly to boards, up from 55.