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Total value of premiums written by life insurance companies in South Korea in 2023, by line (in trillion South Korean won)

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Source

Release date

March 2025

Region

South Korea

Survey time period

2023

Supplementary notes

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

Life insurance market size South Korea 2023, by line

Published by Jenny Yang, Apr 14, 2025

In 2023, term insurance was the largest segment in the life insurance sector in South Korea, with written premiums amounting to about **** trillion South Korean won. Survival insurance followed with around **** trillion won.

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