A Cross-Cultural Comparison of the Ethical Environments of the U.S. and South Korean Life Insurance Markets

Cooper Robert W., Lee Bong-Joo, Lee Kyung-Lyong and Lee Han-Duck
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Cooper Robert W.: Drake University
Lee Bong-Joo: Kyung Hee University, Korea
Lee Kyung-Lyong: Sogang University, Korea
Lee Han-Duck: Hongik University, Korea

Asia-Pacific Journal of Risk and Insurance, 2006, vol. 1, issue 2, 21

Abstract: Along with competence, ethical behavior is a key component of professionalism. In carrying out their duties, all life insurance professionals encounter a variety of ethical dilemmas as well as a number of factors that can present challenges to their efforts to resolve these dilemmas in an ethical manner. By comparing the ethical environments of the U.S. and South Korean life insurance industries, this paper examines how significant differences in culture can affect the key ethical issues and the hindrances to ethical behavior faced by life insurance professionals working in the two countries.

Keywords: Cross-culture; ethics; life insurance (search for similar items in EconPapers)
Date: 2006
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DOI: 10.2202/2153-3792.1007

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