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According to Korea Insurance News, Korea's major insurance company Kyobo Life announced a partnership with blockchain infrastructure company EQBR, successfully completing the industry's first technical validation (PoC) for insurance premium collection and claim payments based on Korean won stablecoins. It is reported that the project lasted 12 weeks and a results sharing meeting was held on June 19. The project successfully demonstrated the process of users automatically paying premiums with Korean won stablecoins in their digital wallets, with transactions instantly reflected in the existing traditional insurance system of Kyobo Life, and also validated the process of paying claims to digital wallets.