KB Insurance, a unit of KB Financial Group, said Wednesday that it has signed a memorandum of understanding with global e-commerce platform Cafe24 to provide comprehensive insurance services for e-commerce merchants.
The deal was signed by KB Insurance Chairman and CEO Yang Jong-hee and Cafe24 CEO Lee Jae-suk at the KB Insurance headquarters in Seoul.
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KB Insurance Chairman and CEO Yang Jong-hee (left) is photographed with Cafe24 CEO Lee Jae-suk after signing a memorandum of understanding at the KB Insurance headquarters in Seoul on Wednesday. (KB Insurance) |
Through the newly formed partnership, both firms plan to roll out more insurance and financial services for e-commerce merchants, in cooperation with KB Financial Group.
“Through the partnership, we (KB Insurance) would like to be a strong business partner of Cafe24. Further, we expect expanded provision of full financial services from KB Financial Group,” Yang said.
By Jie Ye-eun (
yeeun@heraldcorp.com)
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