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Cafe24 and KB Insurance Sign MOU for E-commerce Merchant Insurance
Easy Insurance Registration for Online Biz
Cafe24 and KB Insurance Sign MOU for E-commerce Merchant Insurance
  • By Yoon Young-sil
  • November 27, 2019, 12:28
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Officials from Cafe24 and KB Insurance pose for a photo after signing an MOU on Nov. 27 at the KB Insurance headquarters in Gangnam Seoul.  

Easy insurance registration is becoming a reality for e-commerce business owners.

Global e-commerce platform Cafe24 and KB Insurance signed a MOU on Nov. 27 at the KB Insurance headquarters in Gangnam Seoul to support and vitalize insurance services specifically catered to e-commerce merchants.

Under the new partnership, the two companies will be launching the industry’s first non-person-to-person insurance registration service for e-commerce merchants next week. E-commerce merchants will now be able to easily register online for insurance that is mandatory for online businesses by regulations. The registration process has been made concise and contracts are handled directly by the insurance company, making the overall expense more affordable.

Going forward, Cafe24 and KB Insurance are planning to work closely together to roll out more insurance and financial services for e-commerce merchants.

Cafe24 CEO Lee Jae-suk said, “Online merchants will be able to build stable businesses more easily through the easy and convenient insurance service.” He said, “Cafe24 will continue to provide e-commerce merchants with services they need to do online business.”