Singapore-based insurtech group bolttech has entered South Korea market by launching its partnership with South Korean telecommunications carriers LG U+.

Under the partnership, bolttech will provide coverage for mobile devices of LG U+’s customers through the its switch service, dubbed My Phone Switch.

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The service enables customers to switch their mobile devices up to two times in two years for whatever reason with no exclusions.

Customers in Seoul will be able to get their switched devices in six hours while a next day delivery is offered for customers in the other cities, noted the company.

Commenting on the development, bolttech Group CEO Rob Schimek said: “South Korea is an important market for us, and we are thrilled to partner with LG U+, a household name and one of the largest carriers in South Korea with a huge customer base. Together we can bring cutting-edge device protection solutions to their tech-savvy customers.”

LG U+ vice-president of Marketing Group Sarah Kim added: “We are excited to introduce South Korea’s first mobile phone switch service to our consumers through the partnership with bolttech. We believe this will be a game-changing service for consumers, providing them with a seamless and convenient switch service in just a few clicks.”

South Korea is said to mark 13th market for bolttech, which has presence in Asian, North American and European countries.

Austria, Hong Kong, India, Indonesia, Italy, Malaysia, the Philippines, Singapore, Taiwan, Thailand, Vietnam, and the US are the existing market for the insurtech, which specialises in device protection, insurtech exchange, and digital insurance.

bolttech South Korea general manager Youngkun Chang said: “We are proud to partner with LG U+ to bring innovative device protection to more people in the country and provide a digital customer experience that keeps people connected.”