KB Capital Partners with Habit Factory to Enhance "MyData and KB Chachacha"

Providing Convenient Car Insurance Comparison Services and More Planned

On the 12th, at the KB Capital headquarters in Seocho-gu, Seoul, Jung Yunho, co-CEO of Habit Factory, Lee Dongik, co-CEO of Habit Factory, Hwang Sunam, CEO of KB Capital, and Kim Semin, Executive Director of KB Capital (from left), are posing for a commemorative photo after signing a business partnership agreement.

[Asia Economy Reporter Ki Ha-young] KB Capital announced on the 13th that it has signed a business partnership agreement with Habit Factory, a fintech company providing insurance analysis services, to collaborate on the MyData business and to advance the KB Chachacha service.

Through the agreement ceremony held yesterday at KB Capital's headquarters in Seocho-gu, Seoul, both companies agreed to cooperate in enhancing the KB Chachacha service and creating new services based on MyData.

KB Capital plans to leverage Habit Factory's data analysis capabilities to jointly analyze the vast automobile-related data of KB Chachacha, offering various services that improve customer convenience on KB Chachacha, such as personalized vehicle maintenance cost management services and simple car insurance comparison services.

Hwang Su-nam, CEO of KB Capital, said, "KB Chachacha is continuously evolving beyond used car distribution into a comprehensive automobile lifestyle platform," adding, "We plan to become a MyData business operator that provides differentiated personalized services in the automobile sector based on fintech technology integration."

Meanwhile, Habit Factory is a fintech company operating the insurance analysis application (app) 'Signal Planner.' Based on coverage details and premium information from all domestic insurance companies' insurance policies, it analyzes whether the coverage of insurance products subscribed by customers is sufficient and provides a one-stop insurance analysis platform that enables consultation and subscription.