Hyundai Marine & Fire Insurance Makes Strategic Investment in 'Dear' Scooter Sharing Operator

Establishing a Comprehensive Business Partnership in Micro Mobility

[Asia Economy Reporter Oh Hyung-gil] Hyundai Marine & Fire Insurance announced on the 17th that it has decided to make a strategic investment in Dear Corporation, the operator of the electric scooter sharing platform 'Dear.'

Dear Corporation is the leading electric scooter sharing platform provider in terms of domestic market presence.

Through this investment, Hyundai Marine & Fire Insurance plans to establish a comprehensive business partnership with Dear Corporation based on customer usage data, focusing on personal mobility (PM) accident insurance, personal information protection liability insurance, and micro-mobility-related services.

Last year, Hyundai Marine & Fire Insurance made strategic investments in eight startups in the fields of insurance sales, digital healthcare, mobility, and subscription economy. This year, the company aims to proactively secure sustainable growth engines by investing in new technology sectors such as artificial intelligence (AI), metaverse (extended virtual world), non-fungible tokens (NFT), and platforms, focusing on the digital transformation of everyday life.

Jung Kyu-wan, Head of Digital Strategy Division at Hyundai Marine & Fire Insurance, said, "As urbanization rates increase, the demand for short-distance travel between urban hubs is rising, and micro-mobility options such as electric scooters are growing as alternative transportation means. We will continue to develop new insurance services in the micro-mobility sector and conduct research on urban mobility trends."

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