Households drive market demand, with household spending representing 59.0% of total demand in 2022. Samsung Life Insurance Co Ltd is the largest company in South Korea, generating 9.6% of the industry’s total turnover value in 2022. The industry is fragmented, with the top five companies generating 30.3% of total production value in 2022. The total number of companies increases in 2022, to 58,566 units. The costs of the industry decrease by 2.3% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 24.9% of turnover in 2022, the 12th highest regionally. With turnover of USD46.6 billion, South Korea accounts for 8.8% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Insurance and Pension Funding in South Korea: ISIC 66. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Insurance and Pension Funding in South Korea: ISIC 66 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of insurance and pension funding, monetary intermediation.
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