Kathmandu. South Korean insurance companies will invest a total of 8 trillion South Korean won ($5.6 billion) in national growth funds over the next five years. <\/p>\n
The insurance companies will also contribute 40 trillion won to the Industry Producer Finance Initiative. That’s an increase of 3.2 trillion South Korean won, from a commitment made in January. <\/p>\n
According to media reports, South Korea’s insurance regulator, the Financial Services Commission, recently held a meeting with 16 life and non-life insurance companies, including the Life Insurance Association of Korea and the Life Insurance Association of Korea, to discuss participation in the National Growth Fund. <\/p>\n
The insurance companies informed that their investments will mainly focus on indirect investments in data centers, renewable energy infrastructure and advanced industries. This is in line with insurance companies’ preference for long-term alternative investments. <\/p>\n
However, the insurance industry has struggled to find suitable long-term investment opportunities outside of 30-year government bonds. The Commission has stressed that the National Growth Fund is a new long-term investment vehicle to persuade insurance companies to participate. <\/p>\n
Insurance companies are also willing to invest 40 trillion South Korean won in productive finance over the next five years. That’s 3.2 billion more than the amount disclosed to financial authorities in January this year. – Agency<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. South Korean insurance companies will invest a total of 8 trillion South Korean won ($5.6 billion) in national growth funds over the next five years. The insurance companies will also contribute 40 trillion won to the Industry Producer Finance Initiative. That’s an increase of 3.2 trillion South Korean won, from a commitment made in […]<\/p>\n","protected":false},"author":16,"featured_media":225675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45031,45044,45159],"tags":[],"class_list":["post-290071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banner-news-en","category-international-news-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/290071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=290071"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/290071\/revisions"}],"predecessor-version":[{"id":290072,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/290071\/revisions\/290072"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/225675"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=290071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=290071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=290071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}