Daejeon City and Hana Bank Sign Agreement to Establish Startup Support Space 'H-Bridge'

Two Out of Three Buildings at Gungdong Startup Park to Open in Early 2025

Dongyeol Lee, Hana Bank Vice President (left), and Jangwoo Lee, Mayor of Daejeon / Daejeon City

Daejeon City and Hana Bank announced on the 5th that they have signed a business agreement for the establishment of the "Daejeon Startup Park H-Bridge" at Daejeon City Hall.

The H-Bridge complex will consist of three buildings, with two of them scheduled to open in early 2025 at the Startup Park in Gung-dong, Yuseong-gu.

Located between KAIST and Chungnam National University, the Gung-dong Startup Park is a startup cluster that brings together outstanding human and material resources. Since 2021, Daejeon City has been collaborating with the Ministry of SMEs and Startups, Shinhan Financial Group, KT, and others to build startup spaces.

Currently, Daejeon TIPS Town, three D-Bridge buildings, three Shinhan Square Bridge buildings, and KT Bridge Lab are in operation. When the Startup Park anchor building, which will serve as the control tower, is completed in December this year, it is expected that about 100 companies and over 500 people will be engaged in startup activities in the Gung-dong area.

The city expects that when Hana Bank's H-Bridge is established early next year, about 15 additional startups will set up in the Startup Park.

According to the agreement, Hana Bank will be responsible for acquiring and remodeling the H-Bridge buildings, while Daejeon City will handle overall facility operation and management after construction. The two organizations will jointly operate growth support programs for resident companies.

Lee Jangwoo, Mayor of Daejeon, said, "Through this H-Bridge project, we will be able to resolve much of the funding and space shortage issues faced by companies in the early stages of startup," and added, "We will strengthen our cooperation with Hana Bank to further solidify the startup ecosystem in Daejeon."

Lee Dongyeol, Vice President of Hana Bank, stated, "This agreement is significant in that it creates a win-win based startup ecosystem," and added, "We will continue to do our part to realize social values by growing together with startups in Daejeon and sharing happiness."

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