[Report Reference] We will improve the high cost repair structure of auto insurance by activating the use of quality certification parts by guaranteeing consumer choice.

News Corporate Finance & M&A General Updates

Date: 5th Aug, 2025 Source: Financial Services Commission Country: South Korea Original Source

Brief

" On "05/08/2025", the "Financial Services Commission" issued an update regarding "[Report Reference] We will improve the high cost repair structure of auto insurance by activating the use of quality certification parts by guaranteeing consumer choice.". The update aims to enhance the use of quality certified parts, ensuring consumers have a choice in selecting parts for repairs, and reduce the financial burden on car owners. This includes revising the compensation system for vehicle damage to prioritize quality certified parts over OEM ones."

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Financial Services Commission

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[Report Reference] We will improve the high cost repair structure of auto insurance by activating the use of quality certification parts by guaranteeing consumer choice.

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[Report Reference] We will improve the high cost repair structure of auto insurance by activating the use of quality certification parts by guaranteeing consumer choice.

Brief

Financial Services Commission

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