SEOUL, November 18 (AJP) - The Industrial Bank of Korea (IBK) said Tuesday it has opened a center in Palo Alto, Calif., to help South Korean startups establish a foothold overseas.
The IBK Silicon Valley Center replaces a smaller office the bank launched in 2023 and marks its first full-scale overseas startup hub. The new facility includes space for investor presentations, meetings with local partners and networking events aimed at early-stage companies.
IBK has operated a network of startup support centers in South Korea and overseas since 2017, backing more than 200 startups annually through financing, mentoring and global expansion programs.
“Launching our first center in Silicon Valley, the hub of the startup ecosystem, will help South Korean startups reach international markets,” Kim Sung-tae, the bank’s president, said in a statement.
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
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