"Improving Awareness of Social Ventures Through On-Site Experience"

Korea Technology Finance Corporation Successfully Completes 1st Social Venture Supporters Activities

[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology Finance Corporation (Chairman Jung Yoon-mo, hereinafter referred to as Kibo) announced on the 23rd that it has successfully completed the activities of the '1st Social Venture Supporters,' conducted to improve awareness and expand publicity of social ventures.

The Social Venture Supporters program selected 11 young interns from Kibo and operated for about two months by visiting outstanding social venture companies together with Kibo employees. After visiting 13 outstanding social ventures, the supporters wrote a total of 27 experience reports, including 4 related events, and posted them on Kibo's official Social Venture Supporters and Youth Technology Evaluation Experience Group dedicated posts.

Kibo, together with the Ministry of SMEs and Startups, has established the concept of social ventures and prepared identification guidelines to create a sustainable social value realization system. Since 2019, through the social venture fostering project, it has built a nationwide social venture status survey and evaluation system, developed dedicated guarantee products, and established a comprehensive support system.

Director Baek Kyung-ho of Kibo said, "In line with the amendment of the Special Measures Act on Fostering Venture Businesses, which establishes the concept and support basis for social ventures, we implemented the Social Venture Supporters to promote and raise awareness of outstanding social ventures nationwide." He added, "We plan to continuously promote ecosystem revitalization so that social ventures solving social problems such as employment for vulnerable groups and resource circulation can spread to various fields and regions."

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