[THE INVESTOR] Hyundai Card hosted the first demo day of its co-working space Studio Black on Dec. 18, featuring a lineup of promising startups.
During the two sessions -- one open and the other exclusively for Hyundai Card executives -- a total of 14 companies including ones under the credit card company’s incubator program Finβ, pitched their businesses.
One of the startups that drew most attention during the open session was Korbot Company, which provides artificial intelligence-based arbitrage trading of cryptocurrencies. Other popular startups included blockchain-based global remittance solutions provider Moin and P2P payment solutions company Fireseed.
Startups CEOs pose for pictures before Hyundai Card Studio Black‘s first demo day kicked off on. Dec. 18. (Hyundai Card)
The demo day also featured non-tech companies such as Ballet and Model -- a kindergarten specialized in ballet students and wannabe entertainers -- and card-holding smartphone case design company Frame By, which developed the cases designed exclusively for Hyundai Card’s vertical cards.
The closed session, mainly designed to seek business partnerships between Hyundai Card and startups, was attended by top executives including CEO Chung Tae-young.
Hyundai Card, the financial affiliate of Hyundai Motor Group, launched Studio Black a year ago in an attempt to equip itself with advanced digital technologies and new ideas.
“Unlike other co-working spaces, Studio Black companies have easy access to cooperate with Hyundai Card, just like Frame By,” an official at Black Studio told The Investor.