Danal Establishes Dedicated Venture Division to Foster Win-Win Ecosystem with 'One-Stop Incubating'

Danal, a company specializing in integrated payment business, announced on June 26 that it has established a dedicated Venture Business Division to promote the commercialization of next-generation technologies and revitalize the venture investment market.

This new organizational unit is part of Danal's 'Open Innovation' strategy, with the main goal of fostering a win-win ecosystem by supporting the growth of capable external partners. Anyone with creative ideas and technologies, including prospective entrepreneurs and startups, can approach the Venture Business Division without restrictions, and those selected will receive investment support of at least 100 million KRW.

More importantly, Danal plans to go beyond simple investment by offering its own systematic 'one-stop incubating' solution, enabling faster and more practical business development. The Venture Business Division will be responsible for a full range of activities needed to establish a venture, including entrepreneurship education, mentoring, management consulting, marketing, networking, funding support, merchant sales, external investment, and overseas expansion.

In particular, Danal's payment-related patents, technological expertise, and infrastructure, accumulated over nearly 30 years as a first-generation venture company, will be actively utilized. As a result, Danal's payment solutions are expected to be integrated into various industries and lifestyle sectors, contributing to the securing of future growth engines. Currently, several promising startups have entered the full-fledged incubation stage, and Danal plans to open additional support channels such as public recruitment within the year.

A Danal representative stated, "Danal has taken the lead in investing in and supporting startups for many years so that young people, who are at the center of the future society, can realize their entrepreneurial dreams. Many entrepreneurs have succeeded in becoming self-reliant and are now active throughout various industries," adding, "We will continue to spearhead the creation of a venture ecosystem at the group level, providing full support through our dedicated organization despite the challenging investment environment, and with our affiliate Danal Investment Partners also actively participating in incubation."

Meanwhile, according to the Ministry of SMEs and Startups' '2024 Domestic Venture Investment and Fund Formation Trends,' last year's venture investment amounted to 11.9457 trillion KRW, an increase of 47.5% compared to 2020, before the COVID-19 pandemic. The current government has also announced plans to foster a venture investment market of 40 trillion KRW, more than three times the previous scale.