Hana Bank and Seoul City Join Hands to Support Fintech Startups

On the morning of the 30th, at Seosomun 2 Building, Seoul City Hall, Jung-gu, Seoul, Yeom Jeong-ho, Head of Future Finance Group at Hana Bank (right), and Kim Ui-seung, Director of Seoul City Economic Policy Office, are taking a commemorative photo after the business agreement ceremony for "Supporting the Growth of Fintech Startups and Global Expansion." Photo by Hana Bank

[Asia Economy Reporter Kim Min-young] Hana Bank announced on the 30th that it signed a business agreement with the Seoul Metropolitan Government at the Seosomun 2 Office Building of Seoul City Hall in Jung-gu, Seoul, to support the growth of fintech startups and their global expansion.

The agreement was established to promote the development of a healthy fintech ecosystem and the financial industry through public-private cooperation.

The startup support centers of the two organizations, ‘Hana Bank 1Q Agile Lab’ and ‘Seoul Fintech Lab’ of the Seoul Metropolitan Government, plan to actively develop joint programs for discovering and supporting the growth of domestic and international startups, attracting investment, and promoting mutual exchange.

Hana Bank, in collaboration with the city, will select global startups wishing to enter the domestic market and expand their business areas, and plans to open the ‘1Q Agile Lab Global Center’ within the second half of this year to provide office space and growth support programs to help them settle in the Korean market.

Additionally, following the 14 companies selected last month for the existing ‘1Q Agile Lab 10th cohort,’ Hana Bank will select an additional 7 companies, expanding the 2020 selected companies to a total of 21 and operate the program accordingly.

Jung Sung-kyu, CEO of Hana Bank, stated, “Through the 1Q Agile Lab, Hana Bank has discovered many startups and has grown together through joint projects and equity investments,” adding, “We will continue to strive to create a mutually beneficial startup ecosystem and expand innovative finance in cooperation with the city.”

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