North Korea launches three general insurers
Pukguksong Insurance | February 19, 2019
North Korea’s bid to attract foreign capital to prop up its economy has resulted in the creation of three general insurance companies. The three insurance firms Pukguksong Insurance Company, Samhae Insurance Company and Mirae Reinsurance Company were formed by Pyongyang from 2016 to 2017, a report by Yonhap News Agency said, citing the Korea Institute of Finance in Seoul.