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Home»Startups»Financial group supports venture startups
Startups

Financial group supports venture startups

prosperplanetpulse.comBy prosperplanetpulse.comMay 1, 2024No Comments4 Mins Read0 Views
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Hana Financial Group Chairman Ham Young-joo (third from the left) and Inha University President Cho Myung-woo (second from the left) with a promotional placard sign a cooperation agreement to support young entrepreneurs at Inha University in Incheon on Tuesday. have.Provided by Hana Financial Group

Hana Financial Group Chairman Ham Young-joo (third from the left) and Inha University President Cho Myung-woo (second from the left) with a promotional placard sign a cooperation agreement to support young entrepreneurs at Inha University in Incheon on Tuesday. have.Provided by Hana Financial Group

Hana Financial partners with Inha University to lead job creation

Written by Lee Kyung-min

The country’s leading financial group is stepping up its social venture program with the aim of discovering and supporting young entrepreneurs in the industry to fuel future growth.

Hana Financial Group on Tuesday signed an agreement with Inha University to foster young startups through the group’s young entrepreneur program, Hana Social Venture University.

The program provides aspiring entrepreneurs with specialized training and localized support to help build a sustainable startup ecosystem.

Recognizing the financial group’s contribution to youth job creation, the Ministry of Employment and Labor has been jointly implementing this program with Hana for three years, attracting attention as an example of successful cooperation between the government and private and academic institutions.

This collaboration will expand from 10 schools in 2022 to 30 schools nationwide in 2023. By the end of 2023, a total of 2,050 young people have been trained by the Hana Ministry Program and 217 teams have successfully established businesses in their respective regions.

Hana has expanded its program this year to include not only aspiring entrepreneurs but also people who need to scale their already established businesses. We also work closely with local universities to maximize impact by providing customized training programs and financial support.

Hana Financial Group Chairman Ham said, “Hana Social Venture University is significant in the sense that Hana, local universities, and young people will come together for a better future for the region.We will continue to encourage young entrepreneurs to start businesses in the future.” We will continue to do our best to support the development and job creation.” Young Joo said.

Hana Financial is committed to job creation and sustainable startups, as demonstrated by the variety of vocational training opportunities for disadvantaged groups, such as people with disabilities and women who have interrupted their careers to give birth or raise children. We have been working to strengthen the ecosystem. Similar programs are also available to green technology companies and people aged 40 to 59 looking to re-enter the workforce.

Jin Ok-dong, chairman of Shinhan Financial Group, gave a speech on Tuesday at the group's startup promotion program ``Shinhan Futures Lab,'' held at the Shinhan Venture Investment Headquarters in Samseong-dong, southern Seoul.Provided by Shinhan Financial Group

Jin Ok-dong, chairman of Shinhan Financial Group, gave a speech on Tuesday at the group’s startup promotion program “Shinhan Futures Lab,” held at the Shinhan Venture Investment Headquarters in Samseong-dong, southern Seoul.Provided by Shinhan Financial Group

Shinhan Financial Group also held a similar event on the same day.

Jin Ok-dong, chairman of Shinhan Financial Group, attended the group’s startup accelerator program, Shinhan Futures Lab, on Tuesday at the Shinhan Venture Investment Headquarters in Samseong-dong, Seoul.

The program has long been recognized for providing consulting, investment opportunities and business strategy, and this year marks its 10th anniversary.

As of April, the program had attracted 86.6 billion won in investment and produced 270 joint venture projects, including the launch of 21 unicorn companies.

A unicorn is a privately held start-up company that is not listed on the stock market and has a valuation of more than $1 billion.

Mr. Jin said, “The great ideas of startups and our will to innovate will create a synergistic effect, and we will spare no effort to propose solutions to various social issues.”

This year, Shinhan Financial has selected 32 startups to expand its business network by collaborating with group subsidiaries.

This included companies with a vision to address the challenges of the declining birthrate and demographic trends.

KB Financial Group Chairman Yang Jeong-hee (sixth from left) makes a hand gesture resembling a heart with other group officials at the KB Innovation HUB Center in Seoul on Tuesday. Provided by KB Financial Group

KB Financial Group Chairman Yang Jeong-hee (sixth from left) makes a hand gesture resembling a heart with other group officials at the KB Innovation HUB Center in Seoul on Tuesday. Provided by KB Financial Group

KB Financial Group also held a similar event, which was attended by 200 participants including financial regulators, state-owned investment organizations, venture capital firms, and start-up companies, to celebrate the 10th anniversary of the KB Innovation HUB Center.

The venture/startup training program attracted 210 billion won in investment and promoted 312 joint projects with group affiliates.

Among the attendees were stakeholders in the fields of communication and hospitality service platform operations, and financial data management with artificial intelligence.

They shared stories of growth, business plans, and technology development.

Government officials, venture capitalists, and the group’s investment subsidiaries consulted on corporate fund management and government-backed projects.

“We will work with start-ups not only in finance but also in non-financial and new technology fields, and support the rise of many global unicorn companies,” Yang said.



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