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Global Antitrust and Competition Law Update for January 2024

Global Antitrust and Competition Law Update for January 2024
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Hearing to revoke Bigmotor's insurance agent registration

Hearing to revoke Bigmotor's insurance agent registration
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Subsidiary expansion procedure for insurers overseas to be simplified: FSC

Authorities are planning to slim down on the procedure for insurance companies acquiring foreign subsidiaries. The Financial Services Commission, South Korea's financial regulator, announced Friday its planned revision of the Enforcement Decree of The Insurance Business Act, reducing down the procedures for insurance companies seeking to acquire foreign subsidiaries. Currently, Korean insurance companies must ei. ....

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