Gyeongnam Province Selects 23 New Preliminary Social Enterprises ... 8 More Youth Companies

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Sang-hyun] Gyeongsangnam-do announced on the 7th that it has newly designated 23 companies as preliminary social enterprises in the second round of 2021.

Gyeongnam Province conducted document reviews and on-site inspections with local government mayors and county heads, support organizations, and the local branch of the Ministry of Employment and Labor for companies that applied in July, followed by a final review by the Social Enterprise Review Committee.

The Review Committee comprehensively evaluated whether the formal designation requirements were met, the independence of the organizational form, the appropriateness of realizing social objectives, and the possibility of social enterprise certification, selecting 23 companies.

The selection results were published on the Gyeongsangnam-do website and notified to each city and county.

Once designated as a preliminary social enterprise, companies can receive job creation projects (wage support) and business development support projects targeted at social enterprises.

They also bear the responsibility to solve social problems by providing jobs and social services to vulnerable groups and to respond to improving the quality of life of local residents.

The selected companies this time have diverse business items such as traditional market delivery apps, cultural and tourism content development and commercialization, online content production and education, and eight young social entrepreneurs have entered.

Yoo Jeong-je, head of the Social Economy Promotion Team of Gyeongnam Province, said, "Applications from preliminary social enterprises in increasingly diverse fields and generations are rising," adding, "We will actively support preliminary social enterprises to firmly establish their foundation and grow stably."

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