IBK Industrial Bank and AI Yangjae Hub Sign Business Agreement to Foster Innovative Companies

Discovering and Testing Collaborative Business Models in the Financial Sector

[Asia Economy Reporter Park Sun-mi] IBK Industrial Bank announced on the 27th that it has signed a 'Business Agreement for Fostering and Supporting AI (Artificial Intelligence) Innovative Companies' with the AI Yangjae Hub.

The AI Yangjae Hub is an artificial intelligence specialized support and fostering institution operated by the Seoul Metropolitan Government to nurture the AI industry and strengthen competitiveness. Through this agreement, the two organizations will actively cooperate to discover, support, and foster promising AI innovative technology and idea-holding companies, and establish business briefing sessions and continuous communication channels for smooth collaboration.

Additionally, IBK Industrial Bank plans to discover collaborative business models in the financial sector targeting companies residing in the AI Yangjae Hub, and promote commercialization by testing ideas and technologies at the innovation testing ground 'IBK First Lab.'

Jeon Byung-sung, Vice President of the Digital Group at IBK Industrial Bank, said, "We expect this agreement to be an opportunity to provide customers with easy and convenient financial services through the convergence of AI innovative technology and finance," and added, "We will continue to develop various win-win cooperation cases in the digital field." Yoon Jong-young, Director of the AI Yangjae Hub, also stated, "We hope that the excellent technology and ideas of the startup companies nurtured at the AI Yangjae Hub will grow further through collaboration with IBK Industrial Bank and that together we can achieve innovation in the financial sector."

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