IBK "Investment Attraction Goes Non-Face-to-Face"... Launch of Innovative Company Investment Box
Investment Application to Review Results Available Entirely Online
[Asia Economy Reporter Park Sun-mi] IBK Industrial Bank announced on the 3rd that it has launched the ‘Innovative Enterprise Investment Box,’ which allows non-face-to-face investment attraction applications through the management support platform ‘IBK Box (BOX).’
Corporate companies seeking investment can enter basic company information into the Innovative Enterprise Investment Box and submit investment attraction materials (IR materials) and documents online, enabling them to check the progress at each stage from application to receipt and review results.
IBK Financial Group companies, including Industrial Bank, IBK Capital, and IBK Investment & Securities, review the company information and decide on investment after conducting investment screening.
Industrial Bank plans to expand the service as a platform connecting external investment institutions such as venture capital firms, in addition to IBK Financial Group, so that companies seeking investment can receive investments from multiple investment institutions.
The bank stated that this service is part of its role as a ‘key player in venture capital,’ enabling small and medium-sized enterprises to quickly and conveniently receive funds necessary for new product development, new technology development, and new market creation.
Meanwhile, companies applying for investment through the Innovative Enterprise Investment Box can also use other services of IBK Box for free, such as policy fund recommendations, electronic bill discounting, and employee attendance checks.
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An Industrial Bank official said, “We hope this will be a stepping stone for innovative companies to grow into K-Unicorn companies.”
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