Shinhan Financial Investment Publishes Unlisted Company Report 'In Search of Unicorns'

[Asia Economy Reporter Minji Lee] Shinhan Financial Investment announced on the 9th that it has established a team to analyze unlisted and venture companies and published the second series of the report "In Search of Unicorns."

Following the analysis of the company "Casa Korea" published last September, Shinhan Financial Investment released the second company analysis report on "XbX." This report introduces the platform "XbX," which connects food ingredient distributors with individual restaurants, and analyzes its business model, competitive environment, and the dining and food ingredient distribution markets.

Both companies participated in Shinhan Financial Group's startup accelerator program, Shinhan Futures Lab. As interest in the over-the-counter market grows among high-net-worth individuals, Shinhan Financial Investment's Research Center plans to provide corporate information through professional analysis. Additionally, by introducing startups discovered and nurtured by Shinhan Futures Lab, the center aims to differentiate itself by highlighting companies with promising early business models.

Kim Suhyun, head of the unlisted and venture team at the Corporate Analysis Department, stated, "We are currently conducting company analyses focusing on firms participating in Shinhan Futures Lab and plan to expand to analyze unlisted and venture companies across all sectors in the future." He added, "We expect that all analysts from the Corporate Analysis Department will participate in this process."

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