I recently heard a story of someone who had been a customer of a major car insurance company for several years and they refused to renew the "blood money" component of his policy because too many foreigners had been making claims. Since when is it acceptable to make a judgement based on race?
I want to buy a property, I cannot get mortgage insurance because I am foreigner.
I want to buy a car, I cannot get a loan because the insurance company won't insure the loan of a foreigner.
I need a jonsae loan, I cannot get it because the insurance company won't insure a loan for a foreigner.
The common problem is the insurance companies. The banks are changing but the insurance companies are dragging their feet.
It's time to to form an insurance company for all people who live in Korea, one that won't discriminate on the grounds of race. One that will allow all Korean residents access to the financial products they need to grow their wealth, protect their families and to help them contribute to this great country in which they choose to live.
