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 [firstname.lastname@example.org]