KSD Delivers 1.04 Billion KRW for 'Busan Social Economy Support Fund' with 8 Public Institutions in Busan Region
[Asia Economy Reporter Oh Ju-yeon] The Korea Securities Depository announced that on the 29th, it delivered 1.04 billion KRW jointly raised with eight public institutions in the Busan area for the third year of the Busan Social Economy Support Fund (BEF) project to the Social Enterprise Research Institute, the entrusted fund management organization.
The 'Busan Social Economy Support Fund' is a fund established by eight public institutions in the Busan area to support social economy enterprises in the region.
The eight public institutions in Busan, including the Korea Securities Depository, aim to raise a total of 5 billion KRW in a joint fund from 2018 to 2022 to revitalize the social economy and create jobs in the Busan area. Over the past two years, they have raised 1.79 billion KRW and supported more than 100 social enterprises to date.
In particular, this year, to promote the early revitalization of the Busan economy, which has been stagnated due to the COVID-19 pandemic, the project is being conducted about two months earlier than usual, and the scale of financial support has been significantly expanded to 680 million KRW, which is expected to greatly help the development and market expansion of social enterprises.
The financial support project selected a total of 25 companies, including (preliminary) social enterprises, village enterprises, (social) cooperatives, self-support enterprises, and social ventures, through document review, on-site inspection, and face-to-face evaluation among 67 companies that applied from the 17th of last month to the 5th of this month.
Hot Picks Today
Dramatic Agreement Reached on Eve of Samsung Electronics General Strike... Minister Kim Young-hoon: "Showcased Korea's Strength in Dialogue" (Update)
- "It Has Now Crossed Borders": No Vaccine or Treatment as Bundibugyo Ebola Variant Spreads [Reading Science]
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Lee Myung-ho, President of the Korea Securities Depository, said, "I hope this financial support will be a small beacon of hope for social enterprises in the Busan area struggling due to the COVID-19 crisis," and added, "We will continue to make every effort for mutual growth and regional economic revitalization, including supporting the social economy and creating a startup ecosystem."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
