"Supporting Domestic Startups' Expansion into Japan"… Shinhan Financial Group Partners with Korea Institute of Startup & Entrepreneurship Development

Planned Support for Bilateral Exchange and Financial Matters

Kim Myung-hee, Chief Digital Officer (CDO) of Shinhan Financial Group, is taking a commemorative photo with Kim Yong-moon, President of the Korea Institute of Startup & Entrepreneurship Development (right), after signing a business agreement at the Shinhan Financial Group headquarters in Jung-gu, Seoul on the 18th. (Photo by Shinhan Financial Group)

[Asia Economy Reporter Minwoo Lee] Shinhan Financial Group is partnering with the Korea Institute of Startup & Entrepreneurship Development under the Ministry of SMEs and Startups to support domestic startups' entry into the Japanese market.

On the 19th, Shinhan Financial Group announced that it signed a business agreement with the Korea Institute of Startup & Entrepreneurship Development at the group headquarters in Jung-gu, Seoul, the previous day.

Accordingly, the group's startup support organization, 'Shinhan Futures Lab,' and the Korea Institute of Startup & Entrepreneurship Development plan to promote ▲support for next unicorns (unlisted startups valued at over 1 trillion KRW) entering Japan ▲connecting domestic startups with promising technologies to major Japanese corporations ▲hosting events to expand exchanges between participants from both countries.

Shinhan Futures Lab is preparing support such as ▲establishing local subsidiaries ▲leasing office spaces ▲recruitment support ▲connecting business partners ▲investment using group digital SI (strategic investment) funds like the One Shinhan Futures Fund, and linking investments with local Japanese venture capital (VC).

Additionally, through collaboration with Shinhan Bank's Japan branch (SBJ), they plan to provide financial services support and digital partnership new businesses for domestic startups wishing to enter Japan.

Currently, Shinhan Futures Lab is recruiting startups aiming to enter Japan through the 'InnoTalk' website until the end of this month. Myunghee Kim, Vice President of Shinhan Financial Group, stated, "We will do our best to ensure that Shinhan Futures Lab can serve as a private bridgehead for the exchange and expansion of the Korea-Japan startup ecosystem."

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