Proof of Usefulness Report

Shinhan Life Vietnam

Analysis completed on 2/16/2026

+621

Proof of Usefulness Score

Category Standard

The project represents a legitimate subsidiary of the massive Shinhan Financial Group (SFG) in Vietnam, indicated by a team size of 350 and verifiable corporate history. However, the submission quality is exceptionally low, with vague claims ('everyone', 'most people have used my product'), a non-technical description of innovation ('Insurance' listed as technology), and confusion between market cap and revenue. Despite the poor submission quality, the underlying entity's scale, capitalization, and verified existence in a high-utility industry (Life Insurance) drive a strong score, placing it in the 'Much larger scale' calibration bracket.

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Score Breakdown

Real World Utility+225

Audience Reach Impact+150

Technical Innovation+30

Evidence Of Traction+212.5

Market Timing Relevance+80

Functional Completeness+5

Subtotal+702.5

Usefulness Multiplierx0.88

Final Score+621

Project Details

Project URL

shinhanlifevn.com.vn

Description

With total assets of around KRW 460 trillion, Shinhan Financial Group (“SFG”) has 16 subsidiaries and 28 grandson companies. SFG has a diversified portfolio operating in banking, credit card, securities, insurance, and so on. With 30 years of history in Korea, Shinhan Life currently stays at upper-middle rank in life insurance industry in Korea. Shinhan Life has achieved the first achievement in its overseas expansion strategy in Vietnamese market. Shinhan Life Vietnam has been granted License for establishment and operation by the Ministry of Finance since 8th Feb 2021; plans to soft landing in the Vietnam market by January 2022 through sales diversifications such as face-to-face sales and non-face-to-face sales (Tele Marketing, online, etc.) based on synergy sales (banca, group) among local group subsidiaries.

Algorithm Insights

Market Position

Strong market validation with clear user adoption patterns

User Engagement

Documented reach suggests active user community

Technical Stack

Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline