Korea’s Insurance Industry Cuts Power Use, Limits Driving Amid Energy Supply Concerns

By SEOYOUNG LEE Posted : April 23, 2026, 16:57 Updated : April 23, 2026, 16:57
Five-day vehicle rotation image (Yonhap)
The insurance industry has moved into a companywide conservation mode as energy supplies have become less stable due to the prolonged situation in the Middle East. Measures described as emergency steps are spreading across the sector, from limits on vehicle use to tighter controls on office electricity consumption.

The Korea Life Insurance Association and the General Insurance Association of Korea said on the 23rd that insurers are actively joining energy-saving efforts in response to the energy crisis tied to the extended Middle East situation. The associations and insurers are pursuing voluntary reduction plans tailored to each workplace, in line with the government’s emergency energy response stance.

With a “caution” alert issued over a resource security risk stemming from unstable crude oil supplies, insurers are implementing a five-day vehicle rotation system alongside public institutions. Some insurers have expanded the policy to an even-odd driving system depending on conditions. They are also encouraging public transit and using staggered work hours and remote work to spread out commuting demand.

Insurers are also cutting energy use inside offices. They are turning off lights in shared areas after hours and emphasizing routine steps such as shutting down PCs when leaving work. To improve heating and cooling efficiency, they are maintaining recommended indoor temperatures and reducing unnecessary equipment operation to minimize waste across day-to-day operations.

Additional steps are being expanded, including adjusting elevator operating hours and outdoor sign lighting times and improving lighting efficiency. Some insurers are running internal power-saving campaigns to encourage employee participation.



* This article has been translated by AI.

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