South Korea fines insurers $11 million for regulatory breaches

8/29/2018 6:05:00 AM

Source: Business Insurance

South Korea’s financial regulators fined local insurers about 12 billion South Korean won ($11 million) for regulatory breaches from 2015 to June in this year, Yonhap News Agency reported. Data from South Korean information provider CEO Score showed that the regulators fined brokerages KRW 20 billion.