KB Financial Group Announces Recruitment for 'KB Starters Singapore'

Office Space Provided... Network and Investment Support
12 Selected Last Year... More to Be Chosen This Year

KB Financial Group announced on the 18th that it will recruit companies to participate in 'KB Starters Singapore,' a program that helps domestic startups enter overseas markets, until the 3rd of next month.

This year, the selection scale will be expanded compared to last year to strengthen the innovation ecosystem in the finance and tech sectors. In the first year of implementation, 4 companies were supported in 2022, 10 in 2023, and 12 last year.

Selected startups will receive office space in Singapore and support for growth utilizing institutional networks. They will also receive investment support linked with KB's investment infrastructure and local venture capital (VC). KB Financial plans to provide business linkage support programs with global companies and opportunities to participate in the KB Global Open Innovation Program.

In particular, through the newly established pilot program this year, KB Global Open Innovation, startups will perform collaborative projects overseas with KB Financial's network companies such as KB Kookmin Bank, KB Insurance, KB Securities, and KB Capital, or receive one-on-one business matching support with local Singaporean companies.

Any startup wishing to enter Southeast Asia based in Singapore or founded in Singapore can apply. A KB Financial Group official stated, "KB Starters has supported over 300 startups until last year, with a cumulative investment scale reaching 226.7 billion KRW," adding, "Through this KB Starters Singapore recruitment, we will support startups dreaming of global expansion to become global unicorn companies."

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