Korea’s life insurers to bear the weight of new rules

This article was adapted from a feature on Korean life insurers that originally appeared in the Spring 2020 edition of AsianInvestor. Korea's insurance companies are facing the impact of the coronavirus at a time when they are increasingly having to adapt how they invest due to an array of incoming new rules.  While the implementation date of the IFRS 17 global accounting standards in Korea has been shifted to the start of 2023 it will, along with the K-Insurance Capital Standar…