Daegu Bank President Hwang Byung-woo, "Will Collaborate with Fintech Startups Ahead of Transition to Commercial Bank"

Visit to 'Front1' in Mapo-gu, Seoul

DGB Daegu Bank (President Hwang Byung-woo) visited Front1 in Mapo-gu, Seoul, to discuss various fintech-related topics as part of strengthening support through startup cultivation and investment ahead of its transition to a commercial bank.

‘Front1’ is a leading youth startup support space in Korea operated by D.CAMP (Banks Foundation for Young Entrepreneurs). On the 6th, President Hwang and related department staff visited and held meetings with fintech company support organizations such as the Korea Fintech Support Center and the Korea Credit Guarantee Fund, followed by a roundtable with resident companies.

Hwang Byung-woo, President of Daegu Bank (center), is speaking at the Korea Fintech Support Center in Seoul.

DGB Daegu Bank is conducting various support and collaboration activities related to fintech companies and promoted this visit with the goal of seeking collaboration with a wider range of companies ahead of its transition to a commercial bank.

Fintech collaborations are being carried out in various ways, including signing MOUs, strategic equity investments, and launching affiliated services. The bank is also working on practical cooperation through FIUM Lab, DGB Financial Group’s fintech startup incubation program.

At the corporate roundtable, resident companies of Front1 such as Datamond (CEO Choi Sung-pil), Green Ribbon (CEO Kim Gyu-ri), and Infinite Block (CEO Jung Gu-tae) participated and held discussions with President Hwang and staff.

President Hwang listened to on-site voices through specific inquiries such as securing sample data for customer analysis. Notably, ‘Green Ribbon’ and ‘Infinite Block’ attracted attention as affiliated companies with DGB Daegu Bank. ‘Green Ribbon’ is an insurtech company graduated from DGB FIUM Lab and currently supports the Hidden Insurance Money Search service within iM Bank, with plans for further collaboration discussions.

In addition, DGB Daegu Bank is actively supporting, investing in, and collaborating with fintech companies in various ways. It has formed partnerships with leading fintech companies in the small business ecosystem such as Korea Credit Data (KCD) and precious metals trading fintech company Korea Gold Exchange Digital Asset. The bank also participates in events and conferences hosted by financial authorities and related organizations, demonstrating its role as a fintech co-prosperity bank by reviewing partnership services and investment support through meetings with numerous companies.

President Hwang Byung-woo of Daegu Bank stated, “Through collaboration with various fintech startups, we aim to build a platform ecosystem that provides differentiated services, transcending the limits of finance to become a vast platform, laying the foundation for a commercial bank that satisfies diverse consumers.”

He also said, “We will strengthen services and capabilities so that users of various age groups can experience innovative and convenient digital services, alongside establishing the university student-exclusive smart campus platform ‘iM uniz,’ launching the youth financial platform ‘iM-i’ that offers new financial experiences together with the ‘Flo’ music playlist service, demonstrating our role as a fintech co-prosperity bank.”

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