AmorePacific Opens Public Recruitment for 'Huimanggage' Founders... Supporting Single Mothers' Independence

[Asia Economy Reporter Seungjin Lee] Amorepacific is publicly recruiting founders for the single-parent women entrepreneurship loan support project "Hope Store" in collaboration with the Beautiful Foundation until March 5.

Any single-parent woman responsible for supporting a child aged 25 or younger (born in 1997 or later) with a concrete business plan and whose income is below 70% of the median income can apply. No separate collateral or guarantee is required, and credit rating is also irrelevant.

Hope Store was started in 2003 by donating the legacy of Amorepacific founder Seonghwan Seo, who devoted efforts to improving welfare for women and children.

Since opening the first store in 2004, a total of 438 Hope Stores have opened, helping about 1,200 members of single-parent families achieve independence.

Hope Store provides up to 40 million KRW in startup funds to selected founders through screening. It also offers customized consulting and education programs by industry experts, personal skill training expenses (up to 2 million KRW), psychological, emotional, and legal support, as well as emergency medical expenses.

The repayment interest rate for the startup funds is 1% per annum, and the repayment period is 8 years. The repaid funds are used to support the entrepreneurship of other single-parent women.

Application forms can be found on the Beautiful Foundation Hope Store blog and can be submitted by mail or in person. This year, two more rounds of recruitment will be held (2nd round: May 1 to June 4, 3rd round: August 1 to September 3) for Hope Store founders.

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