South Korea

South Korea's Kospi swung violently at the start of July, plunging nearly 8% on an AI-driven chip selloff before rebounding almost 6%, while June inflation accelerated to 3.2%, the highest since late 2023.

South Korea's Kospi index surged about 5% to a record high on Friday, recovering from a sharp chip-led selloff earlier in the week, as softer US jobs data eased fears of higher interest rates.

South Korea's exports surged 70.9% in June to a record $102.25 billion, surpassing $100 billion for the first time, driven by an artificial intelligence investment boom that nearly tripled semiconductor shipments.

South Korea's DB Insurance has completed its $1.65 billion acquisition of US specialty insurer The Fortegra Group, the largest-ever purchase of a US insurer by a Korean non-life carrier. The deal — which closed on May 29 and was reaffirmed in late June filings by sellers Tiptree and Warburg Pincus — establishes a playbook for Asian carrier expansion into US specialty markets and signals growing Korean and Japanese insurer appetite for global growth.

South Korea's DB Insurance has completed its $1.65 billion acquisition of Jacksonville-based specialty insurer The Fortegra Group, the largest-ever purchase of a US insurer by a Korean non-life carrier. The deal, closed in late May, was confirmed by sellers Tiptree and Warburg Pincus and positions DB Insurance to expand across US, European, UK, and Asian specialty insurance markets as it pursues its goal of becoming a leading global insurer by 2033.

South Korea's DB Insurance has completed its $1.65 billion acquisition of The Fortegra Group, the largest-ever purchase of a US insurer by a Korean non-life carrier. Sellers Tiptree and Warburg Pincus confirmed the successful closing, with Fortegra to operate independently as a wholly owned subsidiary. The deal, which establishes a playbook for Korean carrier expansion into US specialty markets, was a notable highlight in a generally active insurance M&A environment.

South Korea's DB Insurance has finalized its $1.65 billion acquisition of The Fortegra Group, marking the largest purchase of a US insurer by a Korean non-life carrier in history. The deal closed on May 29, 2026, after receiving all required regulatory and stockholder approvals, with Fortegra set to operate independently under DB Insurance's global expansion strategy.