In 2022, the car insurance market value in South Korea amounted to around **** trillion South Korean won, an increase of *** percent from the previous year. The leading four car insurers in South Korea, Samsung Fire & Marine Insurance, Hyundai Marine & Fire Insurance, Dongbu Insurance, and KB Insurance accounted for nearly ** percent of the South Korean car insurance market that year.The insurance market in South Korea has expanded in recent years, due in no small part to the increase in newly insured vehicles and the rise in insurance rates.
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KDI. (April 3, 2023). Market size of the car insurance market in South Korea from 2016 to 2022, by direct premiums written (in trillion South Korean won) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 03, 2026, from /statistics/1227776/south-korea-car-insurance-market-size-by-premiums/
KDI. "Market size of the car insurance market in South Korea from 2016 to 2022, by direct premiums written (in trillion South Korean won)." Chart. April 3, 2023. ÌÇÐÄÆƽâ°æ. Accessed August 03, 2026. /statistics/1227776/south-korea-car-insurance-market-size-by-premiums/
KDI. (2023). Market size of the car insurance market in South Korea from 2016 to 2022, by direct premiums written (in trillion South Korean won). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 03, 2026. /statistics/1227776/south-korea-car-insurance-market-size-by-premiums/
KDI. "Market Size of The Car Insurance Market in South Korea from 2016 to 2022, by Direct Premiums Written (in Trillion South Korean Won)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 3 Apr 2023, /statistics/1227776/south-korea-car-insurance-market-size-by-premiums/
KDI, Market size of the car insurance market in South Korea from 2016 to 2022, by direct premiums written (in trillion South Korean won) ÌÇÐÄÆƽâ°æ, /statistics/1227776/south-korea-car-insurance-market-size-by-premiums/ (last visited August 03, 2026)
Market size of the car insurance market in South Korea from 2016 to 2022, by direct premiums written (in trillion South Korean won) [Graph], KDI, April 3, 2023. [Online]. Available: /statistics/1227776/south-korea-car-insurance-market-size-by-premiums/
