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SEOUL, Aug. 16 (Yonhap) — The financial regulator said Thursday it will "take necessary measures" after Samsung Life Insurance Co. partly refused to accept the regulator’s advisory to guarantee minimum returns for immediate payment annuities.
Last month, Samsung Life decided to partly compensate about 55,000 clients of its immediate payment annuities over a payout dispute, defying the advisory by the Financial Supervisory Service (FSS) to make full compensation.Samsung Life filed a lawsuit against one of the clients this week who demanded the insurer return the insurance payment.Asked about the lawsuit, FSS Gov. Yoon Suk-heun […]
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