Search results for Carrot General Insurance
Finance
More financial firms to face margin rules for non-cleared OTC derivatives from September
South Korea\'s Financial Supervisory Service will extend its guidelines on the margin exchange system for non-cleared over-the-counter derivatives transactions. From September, the number of firms subject to initial margin requirements will rise to 143 from 138, while those covered by variation margin requirements will increase to 165 from 163. The guidelines will be extended for one year. The FSS said it will keep checking compliance and gather difficulties financial firms face.
Telecommunications & Media
Mobility platforms return to profitability amid intensifying margin battle
South Korea’s three mobility platforms improved profitability last year, led by Socar’s operating profit of 23.2 billion won and TMAP Mobility’s first annual net profit of 23.3 billion won. Kakao Mobility also raised profitability by close to 20 percent. The companies cut or reshuffled non-core operations and expanded data- and AI-based revenue models. Each is now focusing on core strengths, including car sharing, data expansion and physical AI and autonomous driving.
Mobility
Tmap Mobility posts 23.3 billion won net profit in 2025, up 100.7 billion won
Tmap Mobility said on Feb. 24 it posted 4.4 billion won in EBITDA and 23.3 billion won in net profit for 2025, the first time both measures turned positive. EBITDA rose by 29.9 billion won and net profit by 100.7 billion won from a year earlier, reflecting losses from discontinued businesses. The company ended e-scooter services, sold a corporate chauffeur-driving unit and disposed of its entire stake in Carrot General Insurance.