Samsung Life Insurance is trading 6.8% down at KRW 308,500 amid a sharp sell-off in Korean equities following the Bank of Korea’s surprise rate hike.
- The KOSPI plunged 6.6% after the BOK raised its benchmark rate to 2.75%, placing significant pressure on financials and major Samsung Group stocks.
- Investor sentiment remains weak as the market reassesses valuation and rate sensitivity for insurers in response to the unexpected monetary tightening.