Shinhan Financial Group and Korea Internet & Security Agency Partner to Support Startup Expansion Overseas

On August 27, Shinhan Financial Group announced that it had signed a business agreement with the Korea Internet & Security Agency to foster startups in the field of 'digital trust' services and support their overseas expansion.

Through this agreement, the two organizations plan to strengthen cooperation by focusing on discovering and nurturing digital trust startups in areas such as information protection and security, providing customized investment and open innovation programs tailored to each stage of growth, and supporting global expansion and the development of domestic and international sales channels.

A Shinhan Financial Group representative stated, "We will help realize a digital trust society by creating an innovative ecosystem that encompasses finance, security, and blockchain," adding, "By supporting the smooth growth of innovative companies, we aim to create a virtuous cycle that leads to the creation of new jobs and the development of industries."

Meanwhile, Shinhan Financial Group is operating 'Shinhan Futures Lab,' the first startup accelerator in the Korean financial sector. Last month, the group and the Korea Internet & Security Agency invited blockchain companies to Japan and held a technology cooperation IR demo day.

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