Shinhan Bank Selects 4 Teams for In-House Startup Nurturing Program
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Shinhan Bank Selects 4 Teams for In-House Startup Nurturing Program
Holds an event to commemorate the 10th anniversary of financial education program

27(Sat), Aug, 2022

Shinhan Bank President Jin Ok-dong holds a talk show with a concert with college students at the 10th anniversary of the bank’s financial education at the Shinhan Bank Financial Education Center in Myeong-dong, Jung-gu, Seoul on August 9. (Photo: Shinhan Bank)

Shinhan Bank and KT held the 2022 Uniquers Demo-Day Event to foster and support in-house startups. Four excellent teams with innovative new business ideas were selected through the event.

The 2022 Uniquers is a joint project carried out as part of a strategic partnership agreement reached between Shinhan Bank and KT in January.
It is an in-house startup promotion contest to nurture competent leaders to discover innovative ideas and build a digital paradigm.

The two companies received about 500 innovative ideas from their employees, held the first and second rounds of reviews and 10 selected teams that submitted the best ideas. 

The 10 selected teams went through a process of upgrading their digital business planning and execution skills in the form of startups for five weeks with external experts in order to improve the quality of their ideas.

At the event, a total of 10 teams made presentations on excellent ideas. After reviews by both companies and external experts, Shinhan Bank and KT will finally select two teams from Shinhan Bank and two from KT as teams to be nurtured as in-house startups.

The Shinhan Bank Grand Prize was given to the D-ART Team with an idea to set up an artist recommendation and information provision platform. The Good Care Team took home the Shinhan Bank Excellent Prize for a non-face-to-face counseling service that matches parents and experts. 

The KT Grand Prize went to the Hello Team, which developed services to help senior citizens planning their remaining lives.
The KT Excellent Prize was awarded to the AI Phishing Hunter Team for coming up with an idea on developing a voice phishing prevention service protected by AI. 

Shinhan Bank will support the two selected teams in their business development process with 100 million won, a job-off period of up to one year and office space and provide them with opportunities to spin off as a company from Shinhan Bank. 

“I hope that all the ideas selected this time will lead to commercialization, creating new services that cross the boundaries of finance and telecommunication,” a Shinhan Bank official said. 

“We will do everything we can do to provide better services according to our core value.” 

Meanwhile, Shinhan Bank announced on Aug. 10 that it held a commemorative event in honor of the 10th anniversary of its financial education program. 

Shinhan Bank started Shinhan Children’s Financial Experience Class in 2012 and has thus far provided various financial education to future generations including children and adolescents. The program has expanded to cover financially vulnerable groups.

This event to commemorate the 10th anniversary of the financial education program held a talk show by inviting a popular author who penned a book about how to read economic stories and about 30 college students who have received scholarships from the Shinhan Scholarship Foundation.

Shinhan Bank President Jin Ok-dong also participated in the talk show and gave college students essential advice as a mentor.

After the talk show, a cake cutting ceremony was held as part of the 10th anniversary event. President Jin promised to provide good contents and programs to those in need of financial education. 

"As a representative social contribution activity based on our main business for the past 10 years, we have provided various financial education classes and received good responses from many people," another Shinhan Bank official said. 

“In particular, we will give financial classes tailored to various generations and provide more accurate financial knowledge to the financially marginalized in fast changing financial environments down the road.”

On the other hand, Shinhan Bank announced on Aug. 11 that it will carry out a customer donation campaign in which Shinhan Bank donates money together with customers in order to support the rapid recovery of residents who suffered from heavy rains in the Seoul metropolitan area.

This donation campaign will run for 16 days from Aug. 11 to 26. If a Shinhan Bank customer clicks the “participation” button in the Shinhan SOL Application, Shinhan Bank will donate 1,000 won per case to residents hit hard by heavy rain. 

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