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Shinhan Securities Co., Ltd. held a ceremony this week to celebrate the opening of its newest overseas office in the United States. The company inaugurated its office in Silicon Valley and officially became the very first South Korean securities brand to establish a presence in the North California region that is known as a global hub for high technology and innovation.
Shinhan Securities said that with its new Silicon Valley office, it is hoping to enhance its expertise in the field of investment banking and startup network. The company said operations in the new workplace already started on Tuesday, Oct. 25.
This facility will now serve as a center for Shinhan Financial Group to expand its network in the international arena and establish a networking system with investors. The Korea Times reported that an affiliate of Shinhan also said the office will also play a role in boosting the company’s capabilities in investment banking.
The Silicon Valley office is Shinhan’s newest workplace outside of South Korea. The company is already operating similar offices in major cities in Asia such as China, Vietnam, Hong Kong, and Indonesia. The securities firm is looking to create more opportunities by finding promising through the office.
"Uncertainty has been growing in the global financial market recently. But Silicon Valley - a place where the world's best minds and technology come together - will not stop innovating and growing," Shinhan Securities’ president, Lee Yung Chang, said in a news release.
He added, "Our initial focus will be on thorough local market research and establishing a robust network, and this will serve as a foundation for harnessing the investing power and investment banking expertise of Shinhan Securities' headquarters to sow the seeds of investment for our future in Silicon Valley."
Meanwhile, the opening ceremony for Shinhan Securities Silicon Valley office was attended by several important officials including Park Joon Yong, the consul general of the Republic of Korea in San Francisco, council members of Palo Alto city, and KDB Silicon Valley regional heads.
