Shinhan Financial Group Hosts Startup Event 'Shinhan Futures Lab Welcome Day'

An event bringing together startups newly supported by Shinhan Financial Group was held.

Shinhan Financial Group announced on the 2nd that it held a 'Welcome Day' event for newly selected companies in the group's startup incubation program, 'Shinhan Futures Lab,' at the Community House in Jung-gu, Seoul, on the 31st of last month.

'Shinhan Futures Lab' is a startup incubation program launched in 2015 as the first of its kind in the domestic financial sector, with ▲370 incubated companies ▲73.6 billion KRW in direct and indirect investments ▲191 collaborations with group affiliates ▲and 20 prospective unicorns (startups valued at over 1 trillion KRW) produced so far.

At this event, 9th batch startups selected for Futures Lab and employees of Shinhan Financial Group affiliates gathered to celebrate the new selections and share their goals and key collaboration cases through relationship building.

Previously, Shinhan Financial selected 35 startups out of a total of 719 companies that applied in two fields: open innovation and new growth. For the 9th batch, companies in non-digital sectors such as ESG (environment, social, governance), education, and recruitment were also selected alongside the existing digital sector, aiming to strengthen mutual growth through future investment linkage.

Selected startups will be provided with various benefits including ▲business development collaboration with group affiliates ▲support for office space ▲investment from dedicated funds ▲opportunities to participate in IR ▲and support for initial public offerings (IPO).

Jin Ok-dong, Chairman of Shinhan Financial Group, said in his welcoming speech, "Shinhan Financial, which started 40 years ago with three branches, was also a startup at that time," and added, "We will strive to create an innovative ecosystem where alumni companies of 'Shinhan Futures Lab' can grow with pride."

At the Shinhan Futures Lab Welcome Day event held on the 31st of last month in Myeongdong, Jung-gu, Seoul, Jin Ok-dong, Chairman of Shinhan Financial Group (first row, sixth from the left), and participants are taking a commemorative photo. (Photo by Shinhan Financial Group)

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