TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

South Korean fintech startups eye expansion into Indonesia

  • News Desk

    The Jakarta Post

PREMIUM
Jakarta   /   Thu, September 12, 2019   /  04:01 pm
The Jakarta Post Image
South Korea’s Shinhan Financial Group, in cooperation with coworking space company CoHive, launched on Monday a startup acceleration program called the Shinhan Future’s Lab Indonesia.(./.)

South Korean fintech startups are seeking to expand into Indonesia by forging partnerships with local startups through an acceleration program carried out by South Korea’s Shinhan Financial Group (SFG) in cooperation with a coworking space company, CoHive. The acceleration program, called the Shinhan Future’s Lab Indonesia, was officially launched in Jakarta on Monday. It is the second global acceleration program opened by SFG outside of South Korea after Vietnam’s Lab, which was opened in 2016. Shinhan Bank president Jin Ok-dong said that the launch was part of the bank’s commitment to actively support Indonesian and South Korean startups to expand their businesses overseas. “Shinhan has been operating in Indonesia since 2016 and we highly value the Indonesian market potential for Korean startups,” said Jin. He also said that Shinhan Future&rsqu...