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Korean insurers may write down $1.1 bn global alternatives

The Drew Las Vegas (Courtesy of JW Marriott) South Korea’s 36 insurance companies have invested a combined 70 trillion won ($63 billion) in overseas alternative investments as of the end of September last year, of which they may need to write down 1.27 trillion won ($1.1 billion) worth of assets because of loan defaults or suspended projects, the country’s top financial regulator said. The insurers, including Mirae Asset Life Insurance Co. and KB Insurance Co., have already bo...
United States South Korea Las Vegas Jerry Lee Daehun Kim Kb Insurance Co

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