00:02It's Tuesday, September 22.
00:05Let's break down what's happening in Korea's financial sector.
00:09Korea's elderly nursing home waitlist is now 18 times larger than available capacity.
00:15Regulation is keeping insurance companies boxed out of the sector.
00:19KB Life opened its first facility back in 2021, but growth has stalled since.
00:26The report examined why insurance-run nursing homes have failed to expand despite surging demand.
00:33Regulatory restrictions on insurer-operated care facilities have limited new entrants.
00:38Demand for elderly care keeps climbing as Korea's population ages.
00:43Here's what the numbers show.
00:4518 times. That's how far Korea's nursing home waitlist now exceeds available bed capacity.
00:52KB Life opened its first insurer-run nursing facility in 2021, one of the few such entries into the market.
01:00Regulatory limits have kept most large insurers from following that path since.
01:06Separately, Hanabank issued Korea's first same-day settlement digital bond, a T-plus-zero structure aimed at faster institutional settlement.
01:15So, what does this mean for financial institutions and regulators?
01:19Earlier, we said Korea's nursing home waitlist is 18 times larger than capacity.
01:25Here's what that actually means for you.
01:27Insurers sitting on long-term care expertise and capital are being held back from a market with acute unmet demand.
01:35A gap regulators will eventually have to address.
01:37HANA Bank's same-day digital bond shows the sector isn't standing still elsewhere, even as elder care regulation lags behind.
01:47Whether regulators ease entry rules for insurer-run nursing homes, adoption of HANA Bank's T-plus-zero digital bond structure
01:55by other issuers,
01:56Wuri Financial's newly announced 3 billion won sports sponsorship support program.
02:03That's today's AI Prism, Finance Daily.
02:06This episode was produced with AI assistance based on Seoul Economic Daily reporting and reviewed by a human editor.
02:14AI Prism is a WAN IFRA award-winning series.
02:18We'll be back tomorrow.
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