Korean Re expects record profit for 2016

Korean Re is expecting a record net profit of 190bn won ($162mn)
for 2016, up 1.9 percent on the previous year, according to local
media outlet Pulse News.
An unnamed investor relations official from the company told the
publication the figure was "reasonably conservative," and
the actual bottom line figure would be higher.
According to the source, Korea's sole reinsurer has
experienced an increase in the number of new contracts with
insurers after Standard & Poor's raised its credit rating.