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bolttech enters South Korea through partnership with LG U+

bolttech’s growing footprint counts South Korea as its 13th market

Seoul, 19 October 2020 – Growing insurtech group bolttech announced today its expansion into South Korea through the launch of its partnership with LG U+, one of South Korea’s largest telecommunications carriers. LG U+’s customers around the country can now benefit from bolttech’s protection for their mobile devices through the switch service ‘My Phone Switch’.

bolttech's entry to South Korea represents its 13th market across three continents, with bolttech’s device protection business now present in Austria, Hong Kong, India, Indonesia, Italy, Malaysia, South Korea, Thailand, the Philippines, and Vietnam.

Rob Schimek, Group Chief Executive Officer at bolttech, 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.”

Sarah Kim, Vice President of Marketing Group at LG U+, said, “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.”   

‘My Phone Switch’ empowers customers to switch their mobile devices for whatever reason with no exclusions – be it screen cracks and dents, water damage, out-of-warranty repairs, or if they want to try a new device or colour – up to 2 times in 2 years. Customers can get their switched devices delivered in as fast as six hours within Seoul, and a next day delivery is available for customers in the other cities.

Youngkun Chang, General Manager of South Korea at bolttech, commented, “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.”

About LG U+

LG U+ was established on July 11, 1996 and has been transforming the lives of customers since. We strive to develop telecommunications services, hi-speed internet, VoIP and IPTV services as well as other data services.

LG U+ is the first in the world to establish a nationwide LTE network with super high-speed services of the highest quality. Continuing into the era of 5G and IoT, LG U+ continues to create higher standards of service and make our customers happy.

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