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Crisis Looms In Korean Life Insurance Industry

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NU Online News Service, Nov. 7, 12:12 p.m. – Hankook Ilbo, a Korean daily, has raised concerns that four to six of Korea’s 20 life insurance companies may become insolvent next year.

The Korean life insurance industry is under increasing pressure due to a combination of reasons, including low interest rates and the slowing economy, according to Hankook.