Hanwha Life is consider... > 경제기사 | economics

Hanwha Life Insurance

[Alpha Biz= Reporter Kim Sangjin] Hanwha Life is reportedly considering participating in the consortium for the 4th internet bank led by Korea Credit Data KCD. Following their confirmed investment of 500 billion won in KCD on the 1st, this move is seen as an effort to expand linked services based on the expansion of the small business channel.

According to financial industry sources on the 4th, Hanwha Life has been exploring investment opportunities to broaden its small business channel, leading to its current consideration of joining the KCD consortium. A KCD official mentioned, "We are in discussions with Hanwha Life regarding their participation in the 4th internet bank consortium."


Hanwha Life appears to have internally evaluated the synergy that could arise from its investment in KCD, following their recent investment in KCDs newly issued ordinary shares totaling 454,546 shares at 110,000 won per share, amounting to 500 billion won completed on the 1st.

The active interest of Hanwha Life in investing in the KCD consortium is observed to be driven by KCDs accumulation of relevant data through its operation of Cash Note, a small business management service. Currently, over 1.4 million small businesses nationwide use Cash Note.

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/ Kim SangJin Reporter