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Insurance Companies Urgently Summoned Amid Concerns Over High Exchange Rates… FSS Urges Refraining From Currency Speculative Investments
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[Digital Daily Reporter Kang Ki-hoon] The Financial Supervisory Service (FSS) has launched an inspection of risks facing the insurance sector due to increased exchange rate volatility. The FSS urged insurance companies to carefully manage new overseas investments and the expansion of foreign currency positions, and to remain vigilant regarding the possibility of mis-selling of dollar-denominated insurance products. The FSS announced that it hel…
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