Search results for Shinhan EZ Insurance
Finance
Financial sector hacking spreads, delays gain support for digital asset tax postponement
A string of hacking incidents in South Korea’s financial sector has led to confirmed personal data leaks at savings banks and mutual finance groups, prompting authorities to step up inspections and security requirements. Banks are moving to raise cybersecurity spending and expand fraud prevention systems using AI. Market volatility and a steep stock selloff also drew a policy response. Political debate intensified over postponing digital asset taxation and regulating exchange shareholders.
Finance
Shinhan Financial completes insurance puzzle with Lotte non-life deal but faces capital injection and profit recovery tasks
Shinhan Financial Group has completed the final piece of its insurance business by agreeing to buy Lotte Non-Life Insurance, but it now faces the task of improving profitability. Shinhan Financial signed an SPA to acquire 77.04% for 693.3 billion won, implying a company value of about 900 billion won. It plans to invest a total of 1.2 trillion won, including 300 billion won for capital strengthening, while analysts differ on the need for additional capital injections and the pace of profit recovery after integration.
Crypto
Parameta completes PoC with Shinhan EZ Insurance on deposit token-based insurance process
Web3 enabler Parameta (formerly ICONLOOP) said on Tuesday it completed a proof of concept with Shinhan EZ Insurance covering a blockchain-based insurance process using deposit tokens. The test covered premium payments and claim payouts as well as the end-to-end workflow from product creation to settlement. The companies said they validated a structure that can verify decision grounds and processing histories and track judgment data and records using external indicators such as weather.
