Hana Bank held a demo day for the Hana NewBiz Sandbox, an in-house venture nurturing program, at its headquarters in Euljiro, Seoul on Sept. 28. Through the venture, it selected five final teams’ ideas as innovative new business projects.
The final teams and their 10 employee members shared their new business models and results.
The Judging Committee consisting of Hana Bank employees and outside experts carried out evaluations with a focus on commercialization potential and innovativeness.
Hana Bank launched the Hana NewBiz Sandbox in February with the goal of actively discovering ideas of talented creative employees to provide them with new opportunities, discovering new businesses and spreading an innovative mindset among employees.
A total of 88 teams and 140 people applied for the contest and competition was fierce.
This program has been open to all employees regardless of position, age, or job since February.
In particular, the employees who were finally selected as members of the New Business Project Team focused on carrying out activities to materialize their business ideas such as on-site and customer surveys, major startup meetings and project tests.
On the demonstration day, the five final teams — the Build Up Team, the Dooring Team, the MEEM Team, the ZETTE Team and the Kongnyang Team - shared the project as a whole and made presentations about their past processes and business directions.
First of all, the Build Up Team introduced a one-stop real estate brokerage platform that utilizes data from searches for profitable real estate to funds and purchases.
The Dooring Team came up with a wedding-related financial solution that takes care of everything from money management to schedules for couples who are engaged.
The MEEM Team proposed a P2P platform that enables two-way blind currency exchanges.
The ZETTE Team showed a spending schedule management service for small business owners. The Kongnyang Team explained a healthcare platform using data about pet cats.
The five teams seized an opportunity to receive in-house incubation in addition to receiving prize money of KRW 1 million each.
They will receive support that can help them commercialize their business ideals from those in the inside and outside of the bank. An opportunity to spin off into independent corporations will be given to them as well.
“This in-house venture program served as a good opportunity to spread a dynamic organizational culture with the active participation of many employees,” said Park Sung-ho, president of Hana Bank.
“We will spare no effort in providing active and systematic support so that the various ideas selected this time can successfully lead to actual commercialization.”
In the meantime, Hana Bank announced on Oct. 12 that it will hold “Hana Investment Meetup,” a financial education seminar to help college students and company workers, including executives, manage their assets well.
This seminar will expand the scope of participants in “MZ Investment Meetup,” which was held for MZ Generation college students in May to include company workers by taking into account an increased need for financial education.
Hana Bank offers “Hana Investment Meet Up,” a program on financial education targeting corporate executives and staff members, and university students. (Photos: Hana Bank)
In particular, as customers’ interest in wealth management continues to grow amid concerns about market uncertainties and an economic downturn, it will provide strategies to easily understand the latest asset management trends and markets and to make wise investments.
To this end, Hana Investment Meetup is a program for sound asset management to teach tax common sense and tax saving strategies that are office workers and college students have to know before starting to make investments, basic real estate knowledge and real estate investment strategies, stock market conditions and investment guides. It is provided free of charge.
The seminar will feature top asset management experts from Hana Bank as lecturers.
About 20 experts from Hana Bank including tax and legal experts, real estate experts and investment experts will participate in the seminar as lecturers to provide educational contents that can satisfy customers.
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