SK Lab Industrial Accident Insurance


On Dec. 29, SK Lab notified accident insurance premiums for 2023.


  • SK Lab specified industrial accident insurance premiums by business type for 2023.
  • Premium for accidents re usual commuting routes/methods not classified by biz type.
  • Effectiveness
  • Published notice is effective from Jan. 1, 2023, remains effective until Dec. 31, 2023.
  • Jan. 2024 Notification
  • On Jan. 5, 2024, SK Lab issued a public notification on industrial accident insurance premium rates by business type for 2024, as per Act on the collection of insurance premiums for employment insurance, industrial accident compensation insurance.
  • Tabled the insurance premium rates by business type for 2024, set the rate for accidents occurred while commuting at 0.6/1,000, regardless of business type.
  • The notification is valid until Dec. 31, 2024.

Regulators SK LAB
Entity Types CNSM; Corp; IB; Ins
Reference RF, Nt 2024-1, 1/5/2024; RF, Nt 2022-82, 12/29/2022; Law 19209, 12/31/2022
Functions Actuarial and Valuation; Claims/Accelerated Benefits; Financial; HR; Legal; Treasury
Countries South Korea
Category
State
Products Accident; Corporate; Insurance; Insurance-Casualty
Regions AP
Rule Type Final
Rule Date 12/29/2022
Effective Date 12/31/2024
Rule Id 158217
Linked to N/A
Reg. Last Update 1/5/2024
Report Section International

Last substantive update on 01/07/2024