IBK Opens IBK Changgong Silicon Valley Center

Started Operating Local Desk in September 2023
Upgraded to Full-Fledged Center... Enhanced Support for Startups

Industrial Bank of Korea announced on the 18th that it opened the IBK Changgong Silicon Valley Center in Palo Alto, California, USA, on the 17th (local time).

At the opening ceremony of the IBK Changgong Silicon Valley Center in Palo Alto, California, USA, on the 17th (local time), Consul General Lim Jungtaek in San Francisco (second from the left in the front row), Kang Minguk, member of the People Power Party, Kim Sungtae, President of Industrial Bank of Korea, Kang Junhyun, member of the Democratic Party, and others are taking a commemorative photo. Industrial Bank of Korea

The bank upgraded the IBK Changgong Silicon Valley Desk, which has been operating since September 2023, to a full-fledged center. Through this, it plans to strengthen the overseas expansion of domestic innovative and venture startups.

For startups being nurtured or that have graduated from the Changgong program, the bank has prepared an exclusive space of about 330 square meters to support investment attraction IR events, meetings with local partners, and participation in institutional networking.

The opening ceremony was attended by Kim Sungtae, President of Industrial Bank of Korea; Lim Jungtaek, Consul General in San Francisco; Kang Junhyun, member of the Democratic Party and ruling party secretary of the National Assembly’s Political Affairs Committee; and Kang Minguk, member of the People Power Party and opposition party secretary.

President Kim stated, "We have opened the first global full-scale center of IBK Changgong in Silicon Valley, where the venture startup ecosystem is most active," and added, "We will continue to support outstanding Korean venture startups to advance into the global market."

Meanwhile, since opening the IBK Changgong Mapo Center in 2017, Industrial Bank of Korea has been operating domestic full-scale centers (Seoul Mapo and Guro, Busan, Daejeon, Gwangju, Daegu), global centers (Silicon Valley Center, Europe Desk), and camps (Seoul National University, Ulsan National Institute of Science and Technology), nurturing about 200 innovative startups every year.

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