South Korea · East Asia

MG Non-Life

GGeneral (Non-life)Domestic privatePartially verified

Insolvent; transfer pending

Class of business: General (Non-life)Short-term property, casualty, motor, marine and other non-life covers.
Parent / group: Under FSC administration
Ownership: Domestic privateOwned by domestic private shareholders with no cross-border parent.
Regulator: Financial Services Commission / Financial Supervisory Service (FSC / FSS)fss.or.kr
Local currency: KRW
Source basis: Compiled from market knowledge - verify against national register
Country verification: Count-verified · FSS: 22 life and 31-32 non-life insurers in business (2024-25); KLIA/KNIA member lists are Korean-only
Identifiers: slug south-korea-mg-non-life · row 600/api/v1/insurers/south-korea-mg-non-life.json