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Search results for Shinhan Life

Finance

Four major financial groups pledge 2 billion won for South Gyeongsang flood recovery

South Korea\'s four major financial holding groups - KB, Shinhan, Hana and Woori - will each donate 500 million won to support recovery from heavy rain damage in parts of South Gyeongsang province including Geoje and Tongyeong. The groups are also rolling out financial support through affiliates, including emergency living funds, loans for small businesses and SMEs, deferrals of card payments and insurance premiums, and interest rate concessions.

Finance

Financial groups\' M&A race heats up again as insurers are bought in succession

Mergers and acquisitions of insurers by South Korea’s financial groups are picking up again, with Korea Investment Financial Holdings securing preferred bidder status for KDB Life and OK Financial Group proceeding with steps to buy Yebyeol General Insurance. Kyobo Life is pursuing AXA General Insurance, while Shinhan Financial Group is again being mentioned as a possible buyer for Lotte Insurance, which is preparing for sale. Groups are seeking either new entry into insurance or reinforcement of weaker segments.

AI & Enterprise

LG Uplus launches AI Buildingnet by ixi for building management

LG Uplus said on Aug. 20 it launched an integrated building management solution, AI Buildingnet by ixi, for senior care facilities, residences, offices and commercial buildings. The service links in-building sensors, CCTV and robots with AI to collect and analyse data and support operational efficiency and user convenience. The company also introduced Wellness Note for senior care, which monitors residents’ health in real time and is being piloted at Solace Home Misa.