Woori Financial Group Partners with Gwanak-gu and Seoul National University to Support Startups

Business Agreement for Activating and Establishing the Venture and Startup Ecosystem
Promotion of DinoLab 2nd Center in Sillim-dong, Gwanak-gu

Son Tae-seung (right), Chairman of Woori Financial Group, is taking a commemorative photo for the business agreement ceremony to revitalize the venture startup ecosystem on the 28th at the Planning Situation Room of Gwanak-gu Office in Seoul, together with Oh Se-jung (left), President of Seoul National University, and Park Jun-hee (center), Mayor of Gwanak-gu.

[Asia Economy Reporter Kim Jin-ho] Woori Financial Group announced on the 29th that it has signed a 'Business Agreement for the Activation of the Venture and Startup Ecosystem and the Creation of a Venture and Startup City' together with Gwanak-gu Office and Seoul National University.

The signing ceremony, held the day before in the conference room of Gwanak-gu Office in Seoul, was attended by Sohn Tae-seung, Chairman of Woori Financial Group, Park Jun-hee, Mayor of Gwanak-gu, and Oh Se-jeong, President of Seoul National University. They agreed to cooperate organically to discover and nurture startups, build venture startup infrastructure, and activate the Gwanak venture startup ecosystem.

According to this agreement, Woori Financial plans to open the 'Dino Lab 2nd Center' with an exclusive area of 890㎡ (approximately 270 pyeong) in Sillim-dong, Gwanak-gu, in September. Dino Lab is a startup collaboration program that Woori Financial has been operating since 2016.

The Dino Lab 2nd Center will exclusively use the entire five-story building. Reflecting the opinions of Dino Lab resident companies, it will include multiple meeting rooms, independent office spaces, as well as a rooftop lounge.

In particular, Woori Financial plans to specialize Dino Lab, which was previously operated as a single program, by sector into the fintech-focused 'Seongsu Integrated Center' and the 'Gwanak 2nd Center' focused on new technology industries and startups such as artificial intelligence (AI), robotics, and mobility.

Chairman Sohn said at the signing ceremony, "We have high expectations to participate in building a venture ecosystem based on Gwanak-gu's capabilities in creating startup infrastructure facilities and Seoul National University's excellent human and material resources," adding, "Through this agreement, we expect to achieve the dual goals of discovering innovative startups and revitalizing the local economy."

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