![Exterior of Shinhan Bank's Expace that opened in Myeong-dong, central Seoul. [SHINHAN BANK]](https://usercontent.one/wp/www.businessfast.co.uk/wp-content/uploads/2020/12/Shinhan-Bank-opens-office-for-small-tech-business-funding-Korea-JoongAng-Daily.jpg)
Exterior of Shinhan Bank’s Expace that opened in Myeong-dong, central Seoul. [SHINHAN BANK]
Shinhan Bank said Monday that it opened a space dedicated to developing new businesses based on digital technologies in Myeong-dong, central Seoul.
Expace, which was built by remodeling a building where the bank’s Myeongdong Station branch used to be, is equipped with a 5G network connection as well as top-notch digital devices.
The place will be a test bed for the bank’s new digital services and an open space for Shinhan Bank’s digital staff to cooperate with tech companies and start-ups.
The bank is working with SK Telecom in developing a remote financial consulting service and with Microsoft on a fintech start-up accelerating program.
Shinhan is pursuing a partnership with Japan’s Mizuho Bank to help local start-ups raise funding and take their business overseas.
BY KIM JEE-HEE [kim.jeehee@joongang.co.kr]
