South Korean insurance companies saw their net income soar 36.2 percent in the first six months of 2014 from a year earlier, buoyed by a rise in investment-related earnings, the financial watchdog said Sunday.
The combined net income of local life and nonlife insurers reached 3.38 trillion won (US$3.26 billion) in the January-June period, compared with 2.48 trillion won the previous year, according to the Financial Supervisory Service (FSS).