{"id":256946,"date":"2025-06-09T14:12:58","date_gmt":"2025-06-09T08:27:58","guid":{"rendered":"https:\/\/insurancekhabar.com\/south-koreas-car-insurance-business-is-on-the-rise-2\/"},"modified":"2025-06-09T14:12:58","modified_gmt":"2025-06-09T08:27:58","slug":"south-koreas-car-insurance-business-is-on-the-rise-2","status":"publish","type":"post","link":"https:\/\/english.insurancekhabar.com\/south-koreas-car-insurance-business-is-on-the-rise-2\/","title":{"rendered":"South Korea&#8217;s car insurance business is on the rise"},"content":{"rendered":"<p>Kathmandu. South Korea&#8217;s car insurance business is set to pick up in 2025. <\/p>\n<p>According to Global Data, South Korea&#8217;s automobile insurance business will grow by 2.4 percent this year. South Korea&#8217;s automobile insurance business has been on a downward spiral for the past three years. <\/p>\n<p>South Korea&#8217;s car insurance business is expected to increase due to the increase in vehicle sales and insurance fees. Global Data predicts that the size of the vehicle insurance market will reach $18.6 billion by 2029 at a compound rate of 4.5 percent annually. <\/p>\n<p>South Korea&#8217;s non-life insurance company has the largest business vehicle insurance. In 2024, the share of this insurance in the total business of non-life insurance was 58.3 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kathmandu. South Korea&#8217;s car insurance business is set to pick up in 2025. According to Global Data, South Korea&#8217;s automobile insurance business will grow by 2.4 percent this year. South Korea&#8217;s automobile insurance business has been on a downward spiral for the past three years. South Korea&#8217;s car insurance business is expected to increase due [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":215181,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45043,45044,45159],"tags":[],"class_list":["post-256946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-auto-en","category-international-news-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/256946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=256946"}],"version-history":[{"count":0,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/256946\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/215181"}],"wp:attachment":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=256946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=256946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=256946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}