Document AI company Lomin said on Tuesday it supplied its document AI agent, also called Lomin, to Korean Reinsurance’s project to build an AI assistant for calculating rates for special insurance. The project applies AI to rate-setting tasks in the special insurance underwriting process. Lomin handled retrieval-augmented generation preprocessing, classifying and parsing submitted documents such as rate request forms and questionnaires, extracting required information and converting it into structured data.

Revenue and cash flow in South Korea’s AI business are increasingly concentrated in specific sectors despite rapid growth in the overall market, a study found. Analysis of 80 AI-related firms listed on the KOSPI and KOSDAQ showed sales rose 55.8 percent from 2023 to 2025, while net profit grew sharply. Semiconductors and related suppliers led growth and profitability. Data centres and cloud saw weaker margins, while robots, medical AI and autonomous driving remained investment-heavy.