Motor vehicle insurance premium reached KRW 12,877,100 mil in 2013 in South Korea, according to the National Central Bank / OECD. This is 0.610% less than in the previous year.
Historically, motor vehicle insurance premium in South Korea reached an all time high of KRW 13,005,100 mil in 2011 and an all time low of KRW 3,861,280 mil in 1994.
South Korea has been ranked 1st within the group of 34 countries we follow in terms of motor vehicle insurance premium.
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