Moody's: The upcoming adoption of IFRS 17 in Korea will pressure capitalization, but promote structural improvements
Announcement: Moody's: The upcoming adoption of IFRS 17 in Korea will pressure capitalization, but promote structural improvements. Global Credit Research- 25 Apr 2017. Hong Kong, April 25, 2017-- Moody's Investors Service says that International Financial Reporting Standard 17-- when implemented in Korea-- will challenge the reported capitalization of life insurers, by requiring them to measure their policy liabilities at current interest rate values and therefore provide...
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