Storelink Selected as Participant in 'Shinhan Incubation' Program

Shinhan Financial Group Startup Incubation Program

[Asia Economy Reporter Kim Cheol-hyun] Storelink (CEO Jeong Yong-eun) announced on the 2nd that it has been selected for the 9th batch of the startup incubation program 'Shinhan Incubation'. Shinhan Incubation is a program that supports startups in attracting investment and strengthening business capabilities. For this 9th batch, a total of 214 innovative startups within 7 years of establishment applied, and among them, 15 companies were finally selected as participating companies, overcoming a competition rate of 14 to 1.

Storelink explained that it earned the qualification to participate in this program by being highly evaluated for its sophisticated e-commerce data analysis capabilities, team members with high expertise in the big data field, and a differentiated business model that utilizes data from multiple angles. Currently, Storelink collects and analyzes more than 2 million data points daily from over 20 major domestic open markets such as Naver Shopping, Coupang, and 11st, building marketing prediction models. To date, more than 70 billion data points have been analyzed through Storelink's proprietary open market optimization platform. Based on this, it successfully completed Series B investment fundraising earlier this year, with a total accumulated investment amount of 11 billion KRW.

Storelink plans to accelerate competitiveness enhancement through the Shinhan Incubation program. First, it will promote the advancement of its proprietary open market optimization platform service by utilizing the open API (Application Program Interface) provided to participating companies by Shinhan Financial Group. Additionally, it will receive support such as one-on-one business coaching, digital marketing, and office space to expand business scale, aiming to further improve overall business operation capabilities.

Jeong Yong-eun, CEO of Storelink, said, "Participating in the Shinhan Incubation program, which has achieved remarkable results through long-term cooperation with various startups, will be a turning point that propels Storelink to the next level." He added, "Through this opportunity, we will focus on strengthening the competitiveness of existing services as well as exploring business diversification opportunities based on big data capabilities to realize rapid scale-up."

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