KB Financial Group announced on the 28th that it had supported Korean startups in expanding their local business and attracting investment in Singapore. The group helped participating companies directly examine the Singaporean market and investment environment and discuss commercialization potential with key local institutions. A representative of a participating company said, “This will serve as a major springboard for expanding our business locally in the future.”

KB Financial Group operated a “Global Demo Day Program” in Singapore from the 26th to the 27th in partnership with the K-Startup Center Singapore of the Korea SMEs and Startups Agency. The program consisted of a demo day designed to help participating companies explore the local environment and broaden business collaboration opportunities, a meetup program for networking with stakeholders in the local startup ecosystem, and visits to major institutions.

Twelve startups took part in the program. They visited key local organizations, including a subsidiary of the Home Team Science and Technology Agency under Singapore’s Ministry of Home Affairs and the Action Community for Entrepreneurship (ACE), the country’s startup industry association. They then discussed the feasibility of local commercialization with officials at each institution and sought investment opportunities through tailored one-on-one meetings with Southeast Asian and global venture capital firms. In addition, at the “Global IR (Investor Relations) Day” operated by KB Financial Group, they presented their businesses to potential investors and business partners.

Cho Sung-ik, CEO of Telepix, one of the participating companies, said, “I was satisfied to have the opportunity to present our business to reputable local investment institutions,” adding, “Based on the relationships formed with the institutions and investors we met through this program, we will strengthen our position in the Asian aerospace industry.” Yoo Hyun-soo, CEO of PIA Space, said, “As a Korean startup entering the Southeast Asian market, it was valuable to be able to meet major local partners that would otherwise be difficult to access.”

A KB Financial Group official said, “Public and private entities with capabilities in startup development and global networks joined forces to design a highly effective growth support program that can underpin the global expansion of K-startups,” adding, “KB Financial Group will continue to do its utmost to fulfill its role as a growth partner that supports promising Korean startups in demonstrating their technologies and business capabilities on the global stage.”

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