Hana Capital, Hana Ventures, and Hana Life Invest 8.5 Billion Won in Bomap
On the 21st, Hana Capital, Hana Ventures, and Hana Life held an investment agreement ceremony worth 8.5 billion KRW with insurance specialized platform company Bomap at the Hana Financial Group Gangnam Building in Gangnam-gu, Seoul. (From left) Kim Dong-hwan, CEO of Hana Ventures; Ryu Jun-woo, CEO of Bomap; Yoon Kyu-sun, CEO of Hana Capital; and Joo Jae-jung, CEO of Hana Life, are taking a commemorative photo at the agreement ceremony. Photo by Hana Financial Group
View original image[Asia Economy Reporter Minyoung Kim] Hana Capital, Hana Ventures, and Hana Life, subsidiaries of Hana Financial Group, announced on the 22nd that they have formed a new technology business investment association and made an investment of 8.5 billion KRW in the insurance-specialized platform company ‘Bomap’.
These three companies decided on a bold investment considering the future growth potential of the platform-based online insurance market and securing competitiveness in new technology finance. The investing affiliates stated, “The investment in Bomap, a leading insurance fintech company, is an expression of Hana Financial Group’s commitment to innovative finance,” adding, “Through collaboration with Bomap, we will develop an insurance platform capable of differentiated services and lead the digital insurance market.”
Bomap is an insurtech (insurance + technology) company founded in 2015 by CEO Junwoo Ryu, formerly of Seoul Guarantee Insurance. Customers can view all their subscribed insurance products on the Bomap application (app) and immediately claim insurance benefits. Additionally, the app operates a one-stop integrated insurance management platform that allows easy subscription to microinsurance (such as travel insurance, wedding insurance, etc.).
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A Hana Capital official said, “This investment will be an important opportunity to secure future growth engines and enable joint growth between financial companies and customers,” and added, “We will actively support collaborative business with other affiliates within the group and Bomap’s future overseas expansion to expand synergy creation.”
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