SK LAB Insurance Business Agencies

Published on: Mar 20, 2025

On Mar. 18, SK LAB, GVT proposed revising licensing review cycle.

  • SK LAB, SK GVT proposed revisions to Enforcement decree of act on the collection of premiums for employment insurance and industrial accident compensation insurance.
  • Proposed relaxing regulatory review cycle for licensing requirements for certified labor attorneys/tax accountants serving as insurance business agencies to 3 yrs from 2 yrs.
  • Effectiveness
  • Comments shall be submitted by Apr. 28 for planned effectiveness from Jul. 1, 2025.
Regulators
SK GVT; SK LAB
Entity Types
Corp; IB; Ins
Reference
CP, Nt 2025-143, 3/18/2025; Dec 35101, 12/24/2024;
Functions
Compliance; HR; Legal; Registration/Licensing; Tax
Countries
South Korea
Category
State
N/A
Products
Corporate; Insurance; Insurance-Casualty
Rule Type
Proposed
Regions
AP
Rule Date
Mar 18, 2025
Effective Date
Apr 28, 2025
Rule ID
247362
Linked to
N/A
Reg. Last Update
Mar 18, 2025
Report Section
International