KAMCO "Seeking Innovative Ideas to Realize Social Value"

[Asia Economy Reporter Haeyoung Kwon] Korea Asset Management Corporation (KAMCO) announced on the 13th that it will hold the "Innovation Idea Contest for Realizing Social Value" until the end of this month.

This contest was prepared to discover innovative ideas related to KAMCO's public role through active communication and participation with the public, and to elevate the social value of KAMCO's public services to the next level. The themes are ▲ Innovation ideas for work and services based on KAMCO's business (household, corporate, public, etc.) ▲ Ideas for realizing social value that can enhance the public nature of KAMCO's business.

Anyone can participate individually or in teams of up to three members. The results will be announced next month on the KAMCO website, and a total of four teams will be selected: ▲ Grand Prize 1 team (2 million KRW) ▲ Excellence Award 1 team (1 million KRW) ▲ Encouragement Award 2 teams (500,000 KRW each), with a total prize of 4 million KRW. The ideas selected through this contest will be adopted as KAMCO's key innovation tasks and actively reflected in policies to strengthen the public nature of KAMCO's major projects.

Moon Sung-yoo, President of KAMCO, said, "We hope for much interest and participation in this innovation idea contest, which was prepared to discover fresh ideas that the public desires to improve the quality of KAMCO's public services." He added, "Going forward, KAMCO will lead the provision of public services that meet the demands of the people and the realization of social value by listening to various internal and external opinions and activating communication."

Meanwhile, since the 2nd of this month, KAMCO has been implementing the 'Debt Adjustment Support' and 'Post-Sale Lease Residence' systems to support housing stability and economic recovery for low-income borrowers with mortgage loan delinquencies. To create jobs, it also operates the 'Busan Social Economy Support Fund (BEF)' and the 'Narakium Youth Startup Hub.' For regional community development and revitalization of local markets, KAMCO plans to discover and promote social overhead capital (SOC) projects such as supporting library construction in cooperation with local governments and others.

This content was produced with the assistance of AI translation services.