Carrot Sonbo Completes 100 Billion Won Paid-in Capital Increase... "Strengthening Partnerships with Shareholders"

Carrot Insurance announced on the 28th that it has completed a 100 billion KRW investment through a paid-in capital increase.

[Asia Economy Reporter Oh Hyung-gil] Carrot General Insurance announced on the 28th that it has completed a 100 billion KRW investment through a paid-in capital increase.

This paid-in capital increase was conducted with existing shareholders including Hanwha General Insurance, and T map Mobility, a subsidiary of SK Telecom, newly participated with a 10% stake through a third-party allotment method. Hanwha General Insurance completed the investment by contributing a total of 61.6%, including an additional 10 billion KRW beyond its existing shareholding ratio.

The shareholding structure of Carrot General Insurance is divided as follows: Hanwha General Insurance 56.6%, SK Telecom 10%, Hyundai Motor Company 3.5%, Altos Ventures 9.9%, Stick Investment 15%, and T map Mobility 5%.

Carrot General Insurance plans to aggressively promote business through partnerships with shareholders and strengthen IT-based service technology. With the participation of T map Mobility, it is expected that synergies between the T map platform and insurance products will be enhanced in the future.

A representative of Carrot General Insurance said, "The paid-in capital increase was conducted on a larger scale than originally planned based on a high evaluation of business performance and future value growth," adding, "Based on the paid-in capital increase, we will expand the provision of innovative and customer-centric services that combine technology with reasonable insurance, allowing customers to receive coverage as much as they want when needed, thereby advancing the future of insurance."

This content was produced with the assistance of AI translation services.