Shinhan DS Partners with Bespin Global for Cloud Collaboration in Finance and Public Sectors... Joint Venture Established

Lee Sung-yong, CEO of Shinhan DS (left in the photo), and Lee Han-joo, CEO of Bespin Global, are posing for a commemorative photo after signing a memorandum of understanding (MOU) to establish a strategic partnership and promote the joint establishment of a company for cloud business in the financial, public, education, and medical sectors.

[Asia Economy Reporter Haeyoung Kwon] Shinhan DS announced on the 22nd that it has decided to establish a strategic partnership and form a joint venture with Bespin Global, a global cloud specialist company, to jointly promote cloud business in finance as well as public, education, and healthcare sectors.

Shinhan DS leads digital and ICT within Shinhan Financial Group. Bespin Global is a cloud management service provider (MSP) that has recently completed several large corporations' cloud migration projects successfully and is also the largest Google Cloud partner in Korea.

The two companies agreed to jointly promote digital transformation, cloud adoption, migration, and operation businesses. To this end, Shinhan DS will provide expertise and talent in financial cloud consulting, security, compliance, and digital finance business, while Bespin Global will support partnerships with global cloud service providers such as Amazon, Microsoft (MS), and Google, as well as securing and nurturing technical personnel to strengthen multi-cloud service capabilities.

Following the signing of this memorandum of understanding (MOU), the two companies plan to form a task force (TF) to consider establishing a joint venture. They also plan to jointly promote the government's 'Digital New Deal' policy, announced to revitalize the economy stagnated by the novel coronavirus disease (COVID-19) pandemic, together with Bespin Global.

Lee Sung-yong, CEO of Shinhan DS, stated, "We will take this agreement as an opportunity to further upgrade Shinhan's cloud capabilities and accelerate digital transformation," adding, "Together with Bespin Global, we will expand the cloud domain beyond finance into public, education, and healthcare sectors and take a step closer to global expansion."

This content was produced with the assistance of AI translation services.