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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.

Telecommunications & Media

Disney Plus considers introducing free streaming tier

Disney Plus is considering making some streaming content available for free. TechCrunch reported on July 10 that Disney discussed the possibility of offering a free tier during an internal town hall meeting. Adam Smith, Disney’s chief product and technology officer, mentioned the plan, but the company has not decided which films or series would be free or when it would launch. The move is seen as a response to competition from free services and shifting viewing trends.

Games & Commerce

NHN appoints Yang Cheol-woong as new CTO to accelerate groupwide AI-native shift

NHN has appointed Yang Cheol-woong as its new chief technology officer as it pushes a companywide artificial intelligence transformation. The company said Yang, a veteran engineer with experience in internet infrastructure, traffic optimisation and cloud, will lead development innovation using AI and help raise execution speed. NHN also aims to systemise scattered technology roadmaps across the group and expand AI use to build a full-scale AX foundation.