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User-Centric Innovation Drives KakaoPay Insurance’s Market Leadership

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Overseas Travel Insurance Tops Market with 150,000 Users in Just One YearRecord-Breaking Success with Mobile Phone and Driver InsuranceInnovating the Entire Insurance Process, from Enrollment to Claims”Better Services and Benefits… Our Commitment to Innovation Continues”

SEOUL, South Korea, Aug. 27, 2024 /PRNewswire/ — KakaoPay Insurance, South Korea’s leading digital non-life insurance provider, has reached a major milestone, exceeding 1.5 million enrollments for its overseas travel insurance within just one year of its launch. This rapid growth, unprecedented in the Korean insurance industry, has catapulted KakaoPay Insurance to the top of the market, with an average monthly growth rate of 30.7%.

This success is particularly remarkable in a market where digital channels account for only 4.5% of the industry, which remains heavily dependent on physical channels such as insurance agents.

Since its founding in 2022, KakaoPay Insurance has launched a range of innovative, user-centric products, including financial safety insurance, mobile phone insurance, driver insurance, and infant insurance. By leveraging KakaoTalk, South Korea’s leading messaging app used by more than 80% of the population (41 million users), the company has fully digitized the insurance experience. Every step, from enrollment to claims, has been streamlined for simplicity and convenience, with cost savings passed on to customers.

KakaoPay Insurance’s offerings have quickly gained popularity through word-of-mouth, leading to a series of successes. For example, the mobile phone insurance saw one million enrollments within six months, while the driver insurance attracted over 10,000 enrollments in just one week. The company’s fast and significant growth is credited to its advanced technology and a strong focus on user needs.

– Streamlined Enrollment Process: The Coverage You Need, No Extra Apps Required

Unlike traditional insurance, which often requires separate apps and lengthy login processes, KakaoPay Insurance enables quick enrollment with just a few clicks through the KakaoTalk or KakaoPay apps. The process is simplified with Kakao Sync, reducing unnecessary data entry and enabling users to set up payment information with as few as two clicks if their credit card information is already registered.

A key feature is the ability for users to customize their insurance plans by adding or removing coverage according to their needs, without the need to include unnecessary collateral. This flexibility ensures they only pay for the necessary coverage for the desired period, resulting in more cost-effective premiums.

– Simplified Claims Process: Easily File Claims 24/7

KakaoPay Insurance has also revolutionized the claims process. Using AI-based optical character recognition (OCR) technology, the company enables users to file claims and receive payments swiftly. Users can simply upload the required image-based documents to KakaoTalk, and if the paperwork is complete, claims can be processed in as little as one minute, with simple claims processed in as fast as three seconds.

Customers who do not file any claims during the insurance period may be eligible for a refund of a portion of their premiums. KakaoPay Insurance is the first of its kind in South Korea to offer a 10% no-claims bonus, with 78% of overseas travel insurance enrollees receiving this refund.

“We will continue to reward our customers with even better services and benefits, staying true to our original mission,” said Youngkun Chang, CEO of KakaoPay Insurance. “The innovations we’ve implemented across the entire insurance process, from enrollment to claims, will continue to drive our progress.”

 

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SOURCE kakaopayinsurance

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Agri-Food Tech Startups Led by Taiwan’s HAOSHi Attend SusHi Tech Tokyo 2026 to Build Industry and Investment Connections

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TAIPEI and TOKYO, April 28, 2026 /PRNewswire/ — A delegation of three food-tech startups led by Taiwan-based agri-food tech accelerator HAOSHi recently participated in SusHi Tech Tokyo 2026, a global innovation event held in Japan. Through the exhibition and local industry engagement, the initiative aims to help Taiwanese startups establish partnerships with Japanese companies and explore potential investment opportunities.

SusHi Tech Tokyo has emerged as a key innovation platform in Japan, with a focus on urban development and technology applications. As Japan transitions into a super-aged society, demand for functional foods and precision health solutions continues to rise. In response, the Taiwanese delegation brought a focused approach to health and biotech applications, showcasing the R&D capabilities of Taiwan’s food-tech and precision nutrition sectors.

Ahead of the exhibition, HAOSHi worked with Sustainable Food Asia (SFA), a Japan-based organization engaged in sustainable food innovation, to arrange industry exchanges and company visits, giving the startups a more practical understanding of the local market. The trip also facilitated discussions between the Taiwanese teams and Japanese startups including Algalex, Eclipse Foods, and Morus, covering supply chain collaboration and market entry strategies. Through product demonstrations and tastings, the startups established initial business connections with companies in the cosmeceuticals, biotech, food manufacturing, and supply chain sectors.

The two organizations also co-hosted “Sustainable Food Night,” a networking event that drew around 30 representatives from established companies, startups, and investors. Discussions centered on collaboration opportunities in the agri-food tech sector across Taiwan, Japan, and Southeast Asia, with the broader aim of strengthening regional connectivity.

The three participating startups were Space Ark Bio, King Noodles, and Leeuwenhoek Laboratories, which specialize in fermentation applications, functional foods, and precision nutrition, respectively. Amber Lin, CEO of HAOSHi, said that the exhibition and in-market networking helped lay the groundwork for the startups to enter the market and support follow-up business discussions. The initiative also aligns with the goal of Startup Island Taiwan (SIT), which aims to connect Taiwanese startups more closely with the global innovation ecosystem.

 

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SOURCE HAOSHi Accelerator

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DB HiTek to Participate in PCIM 2026, Strengthening Its Presence in the European Market

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Europe’s largest power semiconductor exhibition to be held in Nuremberg, Germany, from June 9 to 11Showcasing latest developments in SiC and GaN, highlighting its power semiconductor capabilities

SEOUL, South Korea, April 29, 2026 /PRNewswire/ — DB HiTek, a leading 8-inch pure-play foundry, announced its participation in PCIM (Power Conversion and Intelligent Motion) Europe 2026, the continent’s premier exhibition for power semiconductors. The event will take place in Nuremberg, Germany, from June 9 to 11 (local time), as the company continues expanding its presence in the European market.

Following its successful debut at PCIM in 2025—where the company held face-to-face meetings with dozens of customers to discuss process technologies and collaboration opportunities—DB HiTek is building on that momentum. With over 1,000 booth visitors last year and ongoing business discussions, the company expects these engagements to translate into tangible business results this year through continued partnerships.

At this year’s event, DB HiTek will present progress in its next-generation SiC (Silicon Carbide) and GaN (Gallium Nitride) processes. The company will also highlight its industry-leading BCDMOS (Bipolar-CMOS-DMOS) technology, a core strength of its power management portfolio. A robust schedule of meetings with global clients is already in place, reflecting continued growth in collaboration.

According to market research firm Yole Développement, the global SiC and GaN power semiconductor markets are set for rapid growth. The SiC market is projected to grow from approximately $4.8 billion in 2026 to $10.4 billion by 2030, representing a compound annual growth rate (CAGR) of 21%. Over the same period, the GaN market is expected to expand from $900 million to $2.9 billion, reflecting a CAGR of 33%.

DB HiTek started MPW (Multi-Project Wafer) runs for its SiC and GaN processes in December 2025, producing samples for more than 10 customer products. These were delivered between March and April 2026. Customer evaluations are underway, with feedback to be incorporated into final process verification. Full-scale mass production is scheduled to begin in 2027.

Currently, DB HiTek maintains mass production relationships with approximately 400 customers, primarily focused on its flagship power semiconductor products. The company also works with a broad client base using specialized image sensor technologies, including X-ray, Global Shutter, and SPAD (Single Photon Avalanche Diode). Its application mix is increasingly shifting toward industrial and automotive-grade products, reflecting growing demand from these sectors.

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SOURCE DB HiTek

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LG Display’s 27-inch DFR Gaming OLED panel wins SID’s ‘Display of the Year’

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SEOUL, South Korea, April 28, 2026 /PRNewswire/ — LG Display, the world’s leading innovator of display technologies, announced that its 27-inch 540/720Hz Dynamic Frequency & Resolution (DFR) Gaming OLED panel has been awarded “Display of the Year” by the Society for Information Display (SID), receiving high acclaim for redefining the gaming display paradigm and accelerating market differentiation.

The “Display of the Year” award is SID’s most prestigious distinction, presented to the most groundbreaking display product launched during the previous year that is expected to lead the future of the industry.

This achievement recognizes LG Display’s new user-centered display paradigm. The product’s standout feature is the company’s proprietary DFR technology, which allows users to freely select the mode that suits their preferred gaming style.

High-refresh-rate mode particularly proves its value in game genres where rapid screen transitions are essential and victory is decided in a split second — like first-person shooters or racing games. By supporting an industry-leading refresh rate of 720Hz with HD resolution, this mode eliminates ghosting and motion blur even in the fastest scenes, enabling overwhelming gaming performance.

High-resolution mode provides an optimized visual experience for games based on stunning graphics. It simultaneously delivers QHD resolution and a 540Hz refresh rate. To overcome the conventional limitation where picture quality drops once the refresh rate exceeds 500Hz, LG Display applied a proprietary algorithm, securing the two core elements of a high refresh rate and high picture quality.

As a result, the panel obtained ClearMR 21000 certification, the highest rating from the Video Electronics Standards Association (VESA).

“Our goal is to continue leading the gaming display market by leveraging LG Display’s differentiated OLED technologies and relentless pursuit of innovation,” said Young-seok Choi, Chief Technology Officer of LG Display.

SID is the world’s largest display society with more than 7,000 industry experts, researchers, and professors. It hosts Display Week annually, featuring new technologies, product exhibitions, and academic presentations. SID Display Week 2026 will take place in Los Angeles, California from May 3 to 8.

※ LG Display 27-inch 540/720Hz (DFR) OLED Gaming Monitor Panel Specifications

Category

High-refresh-rate mode

High-resolution mode

Peak Brightness

1,500nits

1,500nits

Refresh Rate / Resolution

720Hz / HD

540Hz / QHD

Response Time

0.02ms

0.02ms

 

About LG Display
LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is the world’s leading innovator of display technologies, including thin-film transistor liquid crystal and OLED displays. The company manufactures display panels in a broad range of sizes and specifications primarily for use in TVs, notebook computers, desktop monitors, automobiles, and various other applications, including tablets and mobile devices. LG Display currently operates manufacturing facilities in Korea and China, and back-end assembly facilities in Korea, China, and Vietnam. The company has approximately 70,707 employees operating worldwide. For more news and information about LG Display, please visit www.lgdisplay.com.

Media Contact:
Joo Yeon Jennifer Ha, Team Leader, Communication Team
Email: hjy05@lgdisplay.com

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SOURCE LG Display

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