KB Financial Group Selects 16 Innovative Startups for Final Round... "Joining KB Starters"
Providing Various Supports Including Housing Space, Consulting, and Collaboration with KB Affiliates
[Asia Economy Reporter Park Sun-mi] KB Financial Group announced on the 24th that it has finally selected 16 innovative startups from various fields through the ‘KB Starters’ regular recruitment for the second half of 2021.
KB Starters is an innovative startup program selected and nurtured by KB Financial since 2015, operating various support programs after selecting startups twice a year in the first and second halves.
The 16 startups newly selected as ‘KB Starters’ this time are innovative companies with differentiated business models and technological capabilities in fields such as big data, cloud, financial platforms, and ESG (environment, social, and governance). They can receive rapid management support through scale-up programs at each growth stage, including ▲ collaboration with KB Financial affiliates ▲ internal and external expert management consulting ▲ investment attraction ▲ global expansion ▲ recruitment support, and in the future, they will be able to move into startup-exclusive spaces located in Seoul (Gangnam, Gwanak).
Currently, KB Financial operates a total of 156 KB Starters, with a cumulative number of business partnerships reaching 207 and cumulative investment amounting to 66.5 billion KRW. This year, the investment scale is planned to expand to 70 billion KRW.
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Han Dong-hwan, Vice President and Chief Digital Platform Officer (CDPO) of KB Financial, said, "Support for innovative companies is an investment in the future based on Chairman Yoon Jong-kyu’s management philosophy, and we are taking the lead in the growth of startups.” He added, “KB Financial will provide more growth opportunities to startups that create and spread social value and will strive to find partners capable of co-growth through discovering companies, investing, and business partnerships.”
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