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Total value of life insurance business in force in South Korea from 1988 to 2023

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Source

Release date

March 2025

Region

South Korea

Survey time period

1988 to 2023

Supplementary notes

Figures prior to 2019 are based on previous reports.

1,000 South Korean won equals 0.68 U.S. dollars or 0.63 euros as of April 2025.

Figures have been rounded.

Citation formats

Total value of life insurance business in force South Korea 1988-2023

Published by Jenny Yang, Apr 7, 2025

In 2023, the total value of life insurance business in force in South Korea was about trillion South Korean won, down from about trillion won in the previous year. The value of in-force business has steadily increased over the past decades but experienced its first decline in 2018.

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