Regular policy working council to be established

Korea Life Insurance Association Chairman Kim Cheol-ju and Korea Institute of Criminology and Justice President Jeong Ung-seok. [Korea Life Insurance Association]
Korea Life Insurance Association Chairman Kim Cheol-ju and Korea Institute of Criminology and Justice President Jeong Ung-seok. [Korea Life Insurance Association]

The Korea Life Insurance Association signed an MOU with the Korea Institute of Criminology and Justice on Wednesday to pursue joint research and policy development in the life insurance sector.

The agreement aims to help both organizations respond effectively to changes in the legal and policy environment surrounding the life insurance industry and to promote academic research and policy development in related fields. The Korea Institute of Criminology and Justice is a state-funded research institute under the Economic, Humanistic and Social Research Council, which reports to the prime minister.

The two organizations plan to expand academic exchanges and cooperate closely to advance their respective fields, drawing on each institution's expertise and research capabilities.

In particular, the two organizations plan to establish a regular policy working council to identify shared issues, survey legislative practices in other countries and build a forum for developing effective policy proposals.

Korea Life Insurance Association Chairman Kim Cheol-ju said at the signing ceremony, "I hope we can think through the many challenges facing the life insurance industry together, and that both institutions will maintain a continuous and close partnership so that our research outcomes feed into policy and drive progress in the system, creating strong synergy."


won@heraldcorp.com