KT and Shinhan Bank Select 4 Teams in New Business Contest... Fostering Internal Ventures

In-house Venture Contest '2022 Unicus' Held

(From left) Kim Ihan, Executive Director of KT Convergence Technology Institute, KT award-winning team (Annyeong Team), Shinhan Bank award-winning team (D-ART Team), and Jeon Pilhwan, Vice President of Shinhan Bank Digital Strategy Division, are taking a commemorative photo after the event. Photo by KT

[Asia Economy Reporter Cha Min-young] KT announced on the 16th that it held the in-house venture contest '2022 Unicus' conducted with Shinhan Bank and discovered four innovative new business ideas.

At KT, ideas from the ‘Annyeong Team’ for the ‘Last Journey & Guide Service of Life’ and the ‘AI Phishing Hunter Team’ for the ‘AI-Guarded Voice Phishing Prevention Service’ were selected. At Shinhan Bank, the ‘D-ART Team’ with the ‘Art Artist Recommendation and Information Provision Platform’ and the ‘Good Scanner Team’ with the ‘Non-face-to-face Counseling Service Matching Parents and Experts’ were chosen as excellent ideas.

The two companies will support these four teams to independently carry out their businesses through incubation and provide opportunities to spin off as independent corporations after additional evaluations.

Earlier, KT and Shinhan Bank signed a 'Strategic Partnership for Future Growth Digital Transformation (DX) Business Cooperation' in January, and this contest was held as part of that initiative.

Kim Ihan, Executive Director of KT Convergence Technology Institute, said, "We will actively support the final selected ideas to be commercialized into actual businesses."

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