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Finance
Woori Financial to merge Dongyang Life and ABL Life, aiming to launch 55 trillion won insurer
Woori Financial Group has formalised plans to integrate Dongyang Life Insurance and ABL Life Insurance and is pursuing the launch of a combined life insurer with total assets of 55 trillion won in the second half of 2027. The group said it has begun full-scale integration work to strengthen competitiveness in its insurance business. The combined insurer will focus on managing its K-ICS solvency ratio and expanding its contract service margin.
Finance
Woori Financial first-half net profit 1.61 trillion won, non-bank contribution rises to 22.3%
Woori Financial Group posted first-half net profit attributable to owners of the parent of 1.609 trillion won, up 3.7% from a year earlier, helped by higher capital markets fee income and the effect of consolidating an insurer. Second-quarter profit rose 66.4% from the previous quarter to 1.005 trillion won. Non-bank units’ share of group profit rose to 22.3%. The group announced a 220 won per share cash dividend for the second quarter.
Mobility
Volkswagen unveils branded smart e-bike with rear camera
Volkswagen has unveiled a branded electric bicycle developed with premium bike maker n+ that applies car-style safety technology. The e-bike features a high-resolution rear camera linked to a handlebar display, radar-based blind-spot warnings and lighting that signals braking and turns. Volkswagen also introduced a Bluetooth-connected smart helmet and smart glasses that display navigation, warnings and ride data. The company presented the launch as part of a push into personal mobility.
