Arab Today, arab today south korean financial regulator to lower entry barriers in insurance industry
Last Updated : GMT 20:29:46
Arab Today, arab today
Arab Today, arab today

South Korean financial regulator to lower entry barriers in insurance industry

Arab Today, arab today

Arab Today, arab today South Korean financial regulator to lower entry barriers in insurance industry

South Korean financial regulator
Seoul - Yonhap

The South Korean financial regulator is expected to lower entry barriers for small specialized insurance firms to meet diversified demand and boost competition in the already-saturated industry, industry sources said Monday.
The Financial Services Commission (FSC) is considering revising local rules to ease the current minimum capital requirements for the establishment of a non-life insurance company in a bid to encourage smaller financial firms to sell travel, bicycle or glasses insurance policies, the sources said.

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