Although the conflict remains white flag embers suicide Insurance Supervisory Service

[Korea gimmingyeong financial newspaper reporter SUICIDE insurance crisis of insurance companies pulled bore six years is expected to end up with a white flag of surrender "bulhoryeong 'of Insurers and the Financial Supervisory Service.

Samsung Life is urgent to open the morning two days Board announced that it will be paid to the beneficiaries in full, including accrued interest claims suicide. Delay and includes a total of 174 billion won, the 3337 case size.

Kyobo Life Before 23 days last month opened a few days ago the Financial Supervisory Sanctions Committee only 'insurance will pay before the suicide cases' and changed its stance. CEO · This notice was originally interpreted FSS employees are dismissed such measures would bear seureowoteul jungjinggye action. In particular, chairman of Kyobo Life sinchangjae has been the case to step down from frontline management as the only "owner CEO 'of the three companies is expected to be accrued greater risk.

Financial Supervisory Service issued a warning sanction of the President liberal, somewhat lower sales level, some stop 1 month, etc. Given the will of Kyobo Life Insurance. Samsung Life Insurance and voted to censure President Sales disciplinary warning and suspension of some 2-3 months for Hanwha life.

Negative business disaster that killed ensure new contract reportedly subject to riders including from the host contract goods. In fact, most of the life insurance company flagship product. According to industry sales this guarantee Samsung, Hanwha, received some suspension Kyobo Life Insurance Accidental Death of sales are reportedly close to the initial premium estimated at 900 billion won. 3 is almost half of the sales in April.

If these sanctions are also expected to be finalized big hit livelihood of exclusive agents of these insurers. Insurance industry officials have expressed concern saying "If you limit the total mortgage disaster death will not be able to sell a life insurance Life insurance · CI flagship product.

Samsung Life Insurance is reported as "suicides have decided to add insurance paid by the consumer protection and restore confidence level will complete the payment as soon as possible." While determined to assume Hanwha Life also inside suicides insurance additional paid a two-day board of directors said "has conducted a comprehensive and in-depth review of its own about whether meantime suicide insurance payments" protect consumers trust the 'Hanwha life, and together with the customer the Board of Directors to meet the business purpose and decided to assume an urgent agenda "he said.

If you 'cheoltwae's initial financial authorities are considering suicide that claims for payment are expected to decrease the possibility of even greater level of sanctions, the Financial Supervisory Service poised to transition of these insurers.

But the embers of conflict remain. Due to differences in pay based on each insurer it is because the beneficiaries concerned to further debate the fairness bulgeojil. For example, in September 2007 prior to the subscriber Samsung Life Insurance customers can receive, including delays and Kyobo Life, but customers can only receive payment reduces the principal's money. In the case of Hanwha Life it has not yet decided whether to pay the same goes with the scale.



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"Suicide claims' white flag in surrender Samsung Life Financial Supervisory ... Discuss additional payments

[Korea gimmingyeong financial newspaper reporters] to get the look and feel of one year of unpaid jungjinggye suicide Samsung Life Insurance Financial Supervisory eventually surrendered.

According to Samsung Life Insurance Industry on the 28th to open soon, the Council reportedly to discuss ways to pay additional insurance suicide.

Samsung Life has been open for the last 23 days, including jungjinggye FSS CEO warning censure and 3 months suspended some operations in the sanctions Committee. Accordingly, also re-elected president it was ahead of next month's Kim, Chang - Su Samsung Life became opaque. CEO received a warning censure because they can not be re-elected.

Kyobo Life Insurance, will pay the entire unpaid claims suicide cases' ceremony to sanction spirited opened just a few days ago and it changed its position. Sinchangjae President unpaid three companies (Samsung, Hanwha, Kyobo), if possible reappointment of the CEO as the sole owner haeseoda be concerned about how serious blow to the stable management.

As a result sinchangjae Kyobo Life President it was able to keep the chairwoman receive a warning rather than a liberal censure warning from the Financial Supervisory Service.

Samsung Life Insurance is also one suddenly turning this position seems not unrelated. In the insurance industry, even if the latest Lee Jae Yong Kim, Chang - Soo leave the place behind Samsung Electronics vice president came on the prospect of redemption could fall into serious reigns spaces.

Yippun as Samsung Life receives some sales suspension will not be able to three years new businesses that require the approval of the financial authorities. In this situation already receiving financial charges, including Lee Jae-yong favors the holding companies established in the process of preparing a vice around the holding company of Samsung Life course transition is expected to be happen to see a lot of notice of the financial authorities. The departure of the actuary (FC) can not sell life insurance products such as life insurance companies are also expected to focus on possible situations.

Samsung Life Insurance has announced that it will pay in January September 2014 the Financial Supervisory Service, based on the recommendations made payment for accrued unpaid claims suicides from 2012 until 2014, suicide claims to customers. Also it starring agreed to fund the Foundation for Suicide Prevention outstanding cases from January 24, 2011 made possible sanctions such as fines for the violation of the Terms of Insurance Business until September 05, 2012.

For the previous claims cases January 24, 2011 held to the position that you can not pay the insurance money. The Financial Supervisory Service (FSS) 'basic documents (agreement) compliance violation' Regulations enacted in the wake of this Act violations in a timely manner, because there is no basis for making an FSS sanctioned in previous claims cases.

If Kyobo 's insurance payments before suicide' Samsung Life also along the strands of life catch is expected to be more lenient than the level which was originally sanctions resolution.

Kyobo Life also soon to change the attitude that life Hanwha Samsung Life maintained a 'part payment' position as the industry predicts surrender.

Hanwha Life official said, "there is a possibility that the reaction in the inside out according to the movement of Samsung Life side.



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Industrial Bank of Korea, Financial Supervisory Service 'One Company, One School Financial Education Excellence Award finance company

[Korea sinyuncheol financial newspaper reporter] IBK Industrial Bank (Bank gimdojin) has won the Financial Supervisory Service (FSS) advanced to the organizers 'first four 2016 1 Bridge Financial Education Best Practices Awards' Best Finance Company in the said 27 days.

The Industrial Bank advances, etc. △ seconds of Highly customized financing for students. Career Education △ headquarters and branch offices via the Invitation participatory training △ in rural areas "Getting Financial Experience bus operating △ teukseonghwago target 'IBK financial and economic Camp' He received recognition.

Industrial Bank of Korea official said, "As a youth financial education, as well as the target country love card providers will do our best soldiers in the Armed Forces targeted financial education."





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Pusan ​​Bank, the Financial Supervisory Service 'one company, one school employee financial education excellence Award

[Korea financial newspaper Busan = bakminhyeon reporter] BNK Financial Group (Chairman seongsehwan) Busan Bank has 27 Seoul FSS The FSS 'one company, one school financial literacy best practices awards' financial consumer protection unit yijihye instrumentation in place in the present auditorium is said that the selection of the excellent staff.

FSS 'one company, one school financial education programs is to conduct financial companies and branches, each branch of the visit nearby elementary and high schools, signed a twinning education, experiential education, support extracurricular activities.

FSS 'one company, one school financial education was began in July 2015 implementation of financial education to students from 5373 schools, about 61 million people in just 18 months performed better and even educational content and related base year It plans to expand.

Busan Bank for the "One Company, One School Financial Education" and signed a twinning of Busan and South Gyeongsang Province, 117 seconds, and has conducted financial education for about 40,000 students.

Yijihye instrumentation is dedicated to financial education in Pusan ​​Bank and proceed to the Financial camp "for students. Yijihye Chief Financial History Museum was recognized Pusan ​​Bank headquarters, and progress on the 'eye-level financial education' and 'Getting financial education', 'Education Career Experience' at the Institute and accurate financial contribution to knowledge transfer to local youth from the Financial Supervisory Service.

Busan Bank gwonmihui buhaengjang the "Busan Bank has been conducted ongoing financial education has the responsibility for proper financial knowledge improved targeting local youth by local representing banks," he said. "We base the Financial Supervisory Service (FSS) One company, one school financial education for various expansion and substantiality and nagagetda provide a systematic training program, "he said.



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Financial Supervisory Service, the financial year retirement plan providers inspection

[Korea goyounghun financial newspaper reporter] financial authorities should carry out checks on the year's pension plan providers. If it is found through the act and provides benefits such as special contributions unpaid history said he would take stern measures such as censure, fines imposed in accordance with the relevant laws and regulations.

The FSS announced 27 days' pension improvement measures for establishing market order. FSS has provided a large number of workers seeking retirement pension market in order to establish a pension scheme to be managed properly joined to the old year.

Thus it was laid the basis for measures to improve the operating status checks and whilst that was posed problems for the banking, life, non-life insurers are operating a retirement pension, securities firms. Prior to disclose the FSS has sales commissions and bereavement pension plan returns. Build a system that can be batch published by the finance company retirement plans and investment yield on the commission website FSS has improved so subscribers can easily compare each financial institution.

In January last year, it has built up a comprehensive information disclosure system of the operational period of the financial institutions dealing with retirement pension, compared to integrate the long-term annual average rate of return.

The end of last year, 50 companies (14 banks, life insurance companies, securities companies 15 13 companies, seven non-life insurance companies, etc.) have registered a pension providers, pension reserves has seen a growth in the size 147 trillion won. Long-term investment, consider the characteristics of the pension plan that is oriented pension plan (DB · DC · IRP) with principal and interest guaranteed, non-guaranteed principal types such as long-term (5 - 8 years) and the average annual rate of return is also disclosed.

FSS also require operators to target a retirement pension from 2015 corporate bankruptcy ever catch pay the related accrued pension status. If the reason for retirement benefit payments occurred due to bankruptcy of businesses, workers can claim direct payments to operators manage without the intervention of the user depending on the pension contract. Performance pay has paid 52.4 billion won locate the unpaid pension for the bankrupt enterprise subscribers from September 2015 to September 2016 year.

Selected by the four financial companies of the financial sector pension providers ahead of special interests such as improving the practices provided, unpaid contributions to history are missing, notify the inspection was conducted on the overall pension plan situation.

Analysis of the retirement pension business itself, checks of financial companies results this year fell short or conduct planning, theme checks on vulnerable and field, writing checks for problems Signs captured unfair trade practices complaints, tip information or constant monitoring, etc. entry commitment is also in progress.

FSS official said, "to think seriously about the actions provide gifts, golf and special interests, including economic benefits, preferential interest rates suggest that exceed ₩ 30,000".



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Samsung Life Insurance, Financial Supervisory Service 'cold' embarrassment to the announced re-elected President Kim, Chang - Soo

[Korea gimmingyeong financial newspaper reporter] 23 days in sanctions Committee of the Financial Supervisory Service (FSS) was voted the warning censure of President Kim, Chang - Su Samsung Life Insurance. Samsung Life Insurance is only 9 hours after opening the board of directors announced 'president reappointed.

Samsung Life will open the morning said that the resolution the Council 23 days to raise the shareholders' meeting agenda to be reelected president next month that Kim, Chang - Soo.

President Kim, Chang - Su January dwaeteuna was a three-year term exit without saying jimyeonseo delayed Samsung Group personnel involved in the pledge choesunsil gate jikideon place until the next shareholders' meeting status.

If the warning is confirmed reappointed censure of President Kim, Chang - Soo is expected to be virtually impossible. When you receive the warning censure of course, because they can not be re-elected for the next three years, financial executives.

Unlike some censure sales suspension will require approval of the finance committee warnings that are likely to be confirmed by the Financial Supervisory Service gotta jeongyeol The decision is a significant change industry is predicted.

Samsung Life has not conceal his embarrassment.

Samsung Life official said, "The decision was unexpected jungjinggye came even tried yesterday to resolve a gentle 'he said.

About the president re-elected Kim, Chang - Su Gun released the same day, said, "The Board opened the day was a planned schedule in place from the beginning of the year shareholders' meeting next month to determine the agenda took place the same day as the inevitable simwi of the FSS jimyeonseo keep putting off.

If Samsung Life jeongyeol falls jinungseop of the Financial Supervisory Service for censure warning against former President Kim, Chang - Soo shareholders' meeting scheduled for that day will be 24 next month, now we have to find a successor to President Kim.

Samsung Life is the position because not announced a definitive disciplinary level from financial authorities sets out to deal with future decisions when the final proposal.

However, these procedures are in fact expected to take considerable time.

The decision to suspend some operations on a day with jesim is confirmed by the decision of the Finance Committee. However, this financial crisis is said about "nothing yet received any proposal from the FSS also passed.



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