In September 2023, there were about 22 life and 31 non-life insurance companies operating in the South Korean insurance market. While the number of insurance companies in South Korea has been declining steadily since 2016, 2022 saw a slight increase.
Number of insurance companies in South Korea from 2016 to September 2023, by type
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Financial Supervisory Service. (March 5, 2024). Number of insurance companies in South Korea from 2016 to September 2023, by type [Graph]. In Statista. Retrieved December 19, 2024, from https://www.statista.com/statistics/1307764/south-korea-number-of-insurance-companies-by-type/
Financial Supervisory Service. "Number of insurance companies in South Korea from 2016 to September 2023, by type." Chart. March 5, 2024. Statista. Accessed December 19, 2024. https://www.statista.com/statistics/1307764/south-korea-number-of-insurance-companies-by-type/
Financial Supervisory Service. (2024). Number of insurance companies in South Korea from 2016 to September 2023, by type. Statista. Statista Inc.. Accessed: December 19, 2024. https://www.statista.com/statistics/1307764/south-korea-number-of-insurance-companies-by-type/
Financial Supervisory Service. "Number of Insurance Companies in South Korea from 2016 to September 2023, by Type." Statista, Statista Inc., 5 Mar 2024, https://www.statista.com/statistics/1307764/south-korea-number-of-insurance-companies-by-type/
Financial Supervisory Service, Number of insurance companies in South Korea from 2016 to September 2023, by type Statista, https://www.statista.com/statistics/1307764/south-korea-number-of-insurance-companies-by-type/ (last visited December 19, 2024)
Number of insurance companies in South Korea from 2016 to September 2023, by type [Graph], Financial Supervisory Service, March 5, 2024. [Online]. Available: https://www.statista.com/statistics/1307764/south-korea-number-of-insurance-companies-by-type/