Saemaeul Geumgo Central Association, Recruiting Companies for the 3rd MG Social Growth Support Project

[Asia Economy Reporter Kim Min-young] The National Credit Union Federation of Korea announced that starting from the 7th, it will recruit companies to participate in the 3rd term of the ‘MG Social Growth Support Project’ to support social economy organizations.

The MG Social Growth Support Project is a program by the National Credit Union Federation of Korea in collaboration with the Together Foundation to discover and nurture promising social economy organizations for revitalizing the local economy and creating jobs. Any social economy organization with a mission to solve domestic or international social issues can apply for the 3rd term recruitment. A total of 25 social economy organizations will be selected through a three-stage screening process. Selected companies for the 3rd term will receive various tailored support, including up to 50 million KRW in growth funds, promotional support, and market expansion assistance.

Over the past two years, the Federation has provided 1.3 billion KRW in growth support funds and nurtured a total of 26 social economy organizations. Efforts are being expanded to provide regional coexistence and region-specific financial services through the ‘MG Hope Sharing Regional Coexistence Citizen Funding,’ which raises necessary funds for social economy organizations addressing local issues via crowdfunding.

Park Cha-hoon, Chairman of the National Credit Union Federation of Korea, stated, “We will expand efforts to revitalize the severely contracted domestic economy due to the novel coronavirus disease (COVID-19) and to activate the social economy that can fill the blind spots of the market economy.”

Companies wishing to participate in the 3rd term can apply by midnight on October 6 through the dedicated MG Social Growth Support Project website and the Together Foundation website.

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