Shinhan Bank Signs Business Agreement to Operate Digital Win-Win Lounge for Mid-sized Companies and Startups

At the 'Mid-sized Companies-Startup Digital Transformation Win-Win Lounge' held on the 25th at the Grand Ballroom on the 1st floor of COEX in Gangnam-gu, Seoul, (from left) Choi Dong-cheol, CEO of Wadiz Platform; Shin Yeon-sik, Vice President of Corporate Group at Shinhan Bank; Ban Won-ik, Vice Chairman of the Korea Federation of Mid-sized Enterprises; Jeong Seung-il, Vice Minister of the Ministry of Trade, Industry and Energy; Kim Tae-hwan, Chairman of the Korea Industrial Intelligence Association; Kim Chung-bae, Executive Director of the Korea Credit Guarantee Fund; and Choi Jung-hyun, CEO of Albatross Investment, are taking a commemorative photo. Photo by Shinhan Bank

[Asia Economy Reporter Minyoung Kim] Shinhan Bank announced on the 25th that it has signed a business agreement with the Ministry of Trade, Industry and Energy, the Korea Federation of SMEs, the Korea Industrial Intelligence Association, the Korea Credit Guarantee Fund, Wadiz Platform, and Albatross Investment to support and operate the Win-Win Lounge for digital transformation of mid-sized companies and startups.

This business agreement was made to promote the digital transformation of mid-sized companies and create synergy through it.

The Win-Win Lounge will match mid-sized companies with digital innovation startups to promote the discovery of new businesses based on digital technology and will be held a total of five times.

The main contents include ▲support for digital transformation cooperation between mid-sized companies and startups ▲creating an environment to promote digital transformation of mid-sized companies ▲supporting the enhancement of global competitiveness of mid-sized companies ▲actively cooperating to support future win-win digital transformation activities between mid-sized companies and startups through joint cooperation projects and linkage of support projects to promote digital transformation of mid-sized companies.

Shinhan Bank plans to recommend excellent startups by linking with the Shinhan Futures Lab channel, a startup nurturing program, and support the global expansion of mid-sized companies. In addition, it plans to support acquisition financing when mid-sized companies pursue friendly mergers and acquisitions (M&A) and provide funds necessary for new business development and commercialization.

A Shinhan Bank official said, "Digital transformation is an essential factor for securing corporate competitiveness regardless of industry and will contribute to the development of national industry," adding, "We will do our best to create successful cases of digital transformation of mid-sized companies through this Win-Win Lounge."

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