DB Insurance and Jaseng Korean Medicine Hospital Sign Agreement to Establish a Proper Insurance Culture

At the agreement ceremony held on the 5th at Jaseng Hospital of Korean Medicine, DB Insurance Vice President Beomwook Lee (left) and Jaseng Hospital Director Jinho Lee (right) are posing for a commemorative photo.

[Asia Economy Reporter Changhwan Lee] DB Insurance announced on the 5th that it has signed a business agreement with Jaseng Hospital of Korean Medicine to fulfill corporate social responsibility such as social contribution activities, pursue sustainable growth, and facilitate smooth mutual cooperation.

The signing ceremony held at the main auditorium of Jaseng Hospital of Korean Medicine located in Nonhyeon-dong, Gangnam-gu, Seoul, was attended by key officials from both organizations, including Beomwook Lee, Vice President of DB Insurance, and Jinho Lee, Director of Jaseng Hospital of Korean Medicine.

Recently, some medical institutions have been abusing the system by referring traffic accident patients through specialized brokers, inducing excessive treatment by prolonging treatment periods and increasing costs regardless of the patient's recovery, aiming to claim insurance money.

Both parties recognized the problem that this is a major cause of increasing insurance premiums for financial consumers through this agreement and emphasized that they will maintain a mutual cooperation system for preventive activities to eradicate excessive treatment.

Additionally, both organizations explained that they plan to strengthen mutual cooperation through the operation of regional consultative bodies regarding matters recognized as requiring mutual cooperation, such as corporate social responsibility including social contribution activities, and various issues related to the treatment and coverage of traffic accident patients.

Vice President Beomwook Lee stated, “We empathize with the problem of increased insurance premium burdens on financial consumers due to excessive treatment of minor injuries in automobile insurance, and through this business agreement, we will do our best to protect financial consumers by suppressing excessive treatment.”

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