Housing Finance Corporation Launches 'HF Social Economy Business Idea Contest'

[Asia Economy Reporter Song Seung-seop] Korea Housing Finance Corporation announced on the 16th that it will hold the ‘HF Social Economy Business Idea Contest’ to revitalize the social economy in the Busan area.

Social economy organizations in the Busan area (social enterprises, cooperatives, village enterprises, self-sufficiency enterprises) and Busan citizens can participate. Applications can be submitted on the corporation’s or the Social Enterprise Research Institute’s website until the 24th of next month.

The contest ideas must be linked to the corporation’s main projects or housing welfare services and contribute to the realization of social value. After the first document screening and the second interview screening, a total of 9 organizations and individuals will be awarded 15 million KRW.

Choi Jun-woo, President of Korea Housing Finance Corporation, said, “This contest is part of a program to discover and nurture promising social economy enterprises and local youth by utilizing the corporation’s business characteristics and internal capabilities,” adding, “We hope that innovative ideas will contribute to the realization of social value such as creating jobs in the local community and revitalizing the local economy.”

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