Settings

ⓕ font-size

  • -2
  • -1
  • 0
  • +1
  • +2

Finance

Insurers rush to issue bonds to secure cash reserve

The nation's insurers are rushing to issue corporate bonds to secure enough cash reserves at the same time as an international standards setting body has proposed deferring the introduction of International Financial Reporting Standard (IFRS) 17 by another year to 2023. According to the insurance sector, the nation's life and non-life insurers have issued a total of 580 billion won ($491.7 million) worth of bonds this year. Of them, Meritz Fire & Marine secured 250 billion won by issuing 10-year subordinated bonds in May.

Top 10 Stories

LETTER

Sign up for eNewsletter