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Capital adequacy ratio of insurance firms falls in Q1

The capital adequacy ratio of South Korean insurance companies deteriorated in the first quarter of the year, data showed Friday.

The average capital adequacy ratio of insurance firms stood at 223.6 percent as of

Seoul shares open lower as U.S. tech shares tumble

Seoul shares opened lower Friday, tracking overnight losses on Wall Street after investors cashed in profits from major tech shares despite signs of cooling U.S. inflation.

The benchmark Korea Composite Stock Price Index shed