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Contact(s):

Caroline Yu
Oracle
+1.650.506.8920
caroline.yu@oracle.com
Kevin Lee
Oracle Korea Ltd.
+82.2.2194.7817
kevin.lee@oracle.com
Oracle Korea Launches 'Oracle Insurance Solution' to Address Insurance Market Demand
SEOUL, Korea   28-JUN-2005 11:20 AM    Oracle Korea announced that it has launched the Oracle Insurance Solution to address customers' demand and accelerate its business in the insurance market. The Oracle Insurance Solution has been fully localized to meet the needs of Korean companies and will be available through Oracle's partners in Korea.

The Oracle Insurance Solution is an optimized solution for insurance companies to implement next-generation systems and to maximize their business competitiveness. The Oracle Insurance Solution has been deployed by leading life and property insurance companies globally. By implementing the Oracle Insurance Solution, customers have achieved improved business performance and cost savings.

The Oracle Insurance Solution provides companies with a powerful single view of its customers, across products, mortgages and channels. Additionally, it provides an integrated view of transactions for Business Rule Management (BRM), Business Process Management (BPM), and Business Component Management (BCM) through a Service Oriented Architecture (SOA)-based Oracle Infornation Architecture. Through the use of the Oracle Insurance Solution, companies can build a real-time enterprise (RTE) environment by connecting their front-end and back-end systems.

"We see growing demand for next-generation system among insurance companies to automate key business processes and to achieve successful business. With Oracle Insurance Solution, a world-class solution that enables the insurance business to realize their business objectives and benefits, Oracle will help insurance companies to maximize its competitiveness and ROI," said Yeon-Jin Cheong, sales director of Financial Service Industry, Oracle Korea.

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About Oracle
Oracle (NASDAQ: ORCL) is the world's largest enterprise software company. For more information about Oracle visit our Web site at http://www.oracle.com.

About Oracle Korea
Oracle Korea is a wholly owned subsidiary of Oracle Corporation. For more information about Oracle Korea visit our Web site at http://www.oracle.com/kr.

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Oracle, JD Edwards, PeopleSoft, and Retek are registered trademarks of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.

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