KB Financial Group operated the Global Demo Day Program in Singapore for two days from Aug. 26 to 27 in collaboration with the KOSME’s K-Startup Center Singapore to support Korean startups’ business expansion and investment attraction.
It was the second time that KB Financial Group and KSC Singapore jointly held the Demo Day Event in Singapore, following last year.
In addition to the existing Demo Day, this year’s new programs were prepared to allow participating companies to directly examine the local market and investment environment and broaden business cooperation possibilities, including a Meet-up program for networking with stakeholders in local startup ecosystems and visits to key institutions.
A total of 12 startups nurtured by both organizations participated in the program, including seven KB Starters companies selected by KB Financial Group in May.
The participating startups visited key local institutions in Singapore including TechX Ventures (a subsidiary of the Home Team Science and Technology Agency (HTX)), the Action Community for Entrepreneurship (ACE).SG), The GEAR (Kajima’s Open Innovation Center of Japan) and Temasek Polytechnic.
They discussed local commercialization possibilities with representatives from each institution and sought investment opportunities through customized one-on-one meetings with Southeast Asian and global venture capital firms.
On Aug. 27, Global IR Day was held at WeWork Singapore Collyer Quay operated by KB Financial Group.
Participants pose for a photo after successfully carrying out their activities in Global Demo Day Program in Singapore.
Participating companies delivered IR pitches to potential investors and business partners and laid the foundation for entering the Asian market, including Singapore by maintaining networking with relevant local organizations.
“I was satisfied to have an opportunity to introduce our business to verified local investment institutions in Singapore,” said Cho Seong-ik, CEO of Telepix who participated in the event.
Cho expressed his ambition to solidify Telepix’s position in the Asian aerospace industry based on relationships formed with the institutions and investors through the program.
“It was great to meet large local partners which are difficult to find as a Korean startup entering the Southeast Asian market,” said Yoo Hyun-soo, CEO of Piaspace.
“I think this will serve as a significant stepping stone for expanding our business in Singapore in the future.”
Joining Global ESG Index ‘FTSE4Good’ for 16 Consecutive Years
KB Financial Group broke into the global ESG index “FTSE4Good Index Series” for 16 consecutive years.
The FTSE4Good Index is a global ESG investment index constructed by FTSE Russell, a global index provider under the London Stock Exchange Group (LSEG), based on a comprehensive evaluation of the performance of listed companies in the Environment, Social, and Governance (ESG) sectors.
It is used as a key criterion for constructing ESG investment products or for comparing and evaluating the performances of investment portfolios.
In this evaluation, KB Financial Group received scores exceeding industry averages in all three sectors — Environment, Social, and Governance — and was recognized for its excellent competitiveness across the entire ESG spectrum.
In addition, the financial group is actively promoting the creation of a sustainable ecosystem that grows together with youths, local communities, and small and medium-sized enterprises.
It has transparently disclosed major social contribution activities and achievements through its sustainability report.
In the youth sector, KB Financial Group is supporting the establishment of a foundation for the growth of future generations through job matching, fostering core AI talents, and supporting youth entrepreneurship and youths preparing for self-reliance.
In particular, KB Kookmin Bank’s KB Good Job launched in 2011 has established itself as the largest single-scale job fair in Korea.
In the local community sector, KB Financial Group is carrying out projects to expand cultural, educational, and living infrastructure and to enhance the self-reliance and vitality of regions.
In the SME sector, the financial group is supporting AI Transition, Green Transition, and Safety Transition , and expanding impact investment in local social enterprises to support corporate innovation and the revitalization of local economies.
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