KOREA life insurance CO. (KSE:088350), South Korea’s second-largest life insurer, said on Tuesday that its earnings surged 87.2 per cent in the first half of fiscal 2010 from a year earlier. Net income came to 303.4 billion won (US$272.5 million) in the April-September period, compared with 162.1 billion won a year earlier, said Korea life insurance, which closes its books in March.
* Revenue edged down 0.34 per cent on-year to 5.8 trillion won for the six months, with operating profit more than doubling to 386.9 billion won from 193.1 billion won, Korea Life said.
* Shares of Korea Life closed at 8,420 won on the Seoul bourse, up 2.06 per cent from Monday.
