Innoax Wins KRW3.48 Billion Samsung Life Insurance Front-End System Enhancement Contract

MT Newswires Live

06/22

South Korean software company Innoax (KOSDAQ:296640) secured a contract from Samsung SDS (KRX:018260) to enhance the Samsung Life Insurance front-core system, according to a Monday filing with the Korean Exchange.

The contract, valued at 3.48 billion won, is valid till Dec. 21, 2027.

Shares of Innoax fell nearly 1% in recent trade.

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