Journalist

SEOYOUNG LEE
  • Samsung Fire & Marine launches English, Chinese support for insurance claims
    Samsung Fire & Marine launches English, Chinese support for insurance claims SEOUL, November 24 (AJP) - Samsung Fire & Marine Insurance has introduced new English and Chinese-language services to help foreign customers file insurance claims, the company said on Monday. The services are now available on the insurer’s mobile app and website. The company said an internal analysis showed that 58.3 percent of its foreign customers used the claims function most frequently, followed by premium payments at 14 percent and certificate issuance at 9.5 percent. Chinese speakers accounted for 68.6 percent of foreign users, while English speakers made up 8.4 percent. Samsung Fire & Marine said it conducted usability tests with both groups to improve the interface and streamline procedures ahead of the launch. “Foreign customers can now access insurance services more accurately and conveniently,” the company said in a press release. “We plan to gradually expand language options and service coverage to strengthen our digital offerings for global clients.” * This article, published by Aju Business Daily, was translated by AI and edited by AJP. 2025-11-24 09:25:53
  • Woori Card launches QR-based payment service in Indonesia
    Woori Card launches QR-based payment service in Indonesia SEOUL, October 31 (AJP) - Woori Card has become the first South Korean credit card company to introduce a QR-based payment and cash withdrawal service in Indonesia. The company unveiled the service on Friday at the 2025 Indonesia Digital Finance Festival in Jakarta, in partnership with the Korea Financial Telecommunications & Clearings Institute. The system allows users to make payments and withdraw cash using a single QR code generated through Woori Card’s mobile app. As part of the launch, Woori Card also signed a multilateral memorandum of understanding to develop a “cardless ATM” service that enables withdrawals via QR code. The new service is awaiting approval from Indonesia’s central bank and is expected to go live by the end of the year, with plans to expand later to other Asian markets, including Vietnam, the company said. “By entering the overseas QR payment market, we aim to build a convenient and secure payment ecosystem across Asia,” said Jin Seong-won, Woori Card’s chief executive. In Southeast Asia, digital payment adoption has accelerated rapidly amid a surge in smartphone usage and government-backed initiatives, according to Woori Card. * This article, published by Aju Business Daily, was translated by AI and edited by AJP. 2025-10-31 14:01:02
  • DB Insurance to acquire Florida-based insurer Fortegra in $1.65 billion deal
    DB Insurance to acquire Florida-based insurer Fortegra in $1.65 billion deal SEOUL, October 28 (AJP) - DB Insurance said on Tuesday that it had agreed to acquire Fortegra Group, a Florida-based specialty insurer, for $1.65 billion, marking the first time a South Korean insurance company has purchased a U.S. insurer. The deal, valued at about 2.3 trillion won, represents the largest overseas acquisition by a South Korean insurer to date. The sellers are Tiptree Inc., Fortegra’s parent company, and the private equity firm Warburg Pincus. The transaction is expected to close by mid-2026, subject to regulatory approvals in both countries. The acquisition underscores DB Insurance’s ambitions to accelerate its global expansion and diversify its business beyond its home market. The company first entered the U.S. in 1984 with a branch in Guam. Founded in 1978 and headquartered in Jacksonville, Fortegra provides a range of specialty, credit, and warranty insurance products. The company operates across the United States and in eight European markets. Last year, it reported $3.07 billion in gross written premiums and $140 million in net income, and it currently holds an A- financial strength rating from AM Best. By acquiring Fortegra, DB Insurance aims to strengthen its foothold in the U.S. and European markets while enhancing its expertise in specialty insurance — a fast-growing segment within the global insurance industry. * This article, published by Aju Business Daily, was translated by AI and edited by AJP. 2025-10-28 15:59:59