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Telecommunications & Media

T Map expands into car life platform, selling tires and insurance

T Map Mobility is expanding beyond navigation into a car life platform that bundles vehicle purchases, insurance and maintenance. It partnered with Hankook Tire\'s T Station to offer discounts via the T Map app and will provide Naver Pay points based on purchase volume during a promotional period. The app also sells car accessories and offers mobile engine-oil replacement services. The company is expanding insurance offerings and enabling car buying, selling and long-term rental services in the app.

Mobility

Socar, AXA General Insurance to sell insurance in app, develop data-based products

South Korean car-sharing platform Socar said on Monday it signed a strategic memorandum of understanding with AXA General Insurance to develop data-based insurance products and cooperate on new business. Socar plans to sell AXA driver and travel insurance directly within the Socar app, allowing users to handle reservations and insurance sign-ups in one place. The companies will also study tailored insurance using driving data and safety scores and develop new insurance models for an autonomous-driving era.

Finance

Hana Financial expands Hana Money platform to broaden everyday finance services

Hana Financial Group said three companies, including Hana Insurance, Finc and GLN International, have newly joined its flagship everyday finance platform Hana Money. With the additions, the app expands beyond point accumulation and Travelog free currency exchange to offer services such as currency exchange, payments, investment, insurance and asset management. The group expects stronger service links and synergy as participating affiliates rise to nine.