Seoul Foundation of Women & Family and Credit Guarantee Fund Seoul Western Branch Collaborate to Support Funding for Women Startups

Promising Female Startup Discovery and Support, Commitment to Cooperation for Promoting Women Entrepreneurship

[Asia Economy Reporter Lim Cheol-young] The Seoul Foundation of Women and Family 'Space Sallim' and the Seoul Western Branch of the Korea Credit Guarantee Fund will sign a Memorandum of Understanding (MOU) at Space Sallim on the 12th to promote women's entrepreneurship and create jobs.

Through this MOU, the two organizations will establish an organic cooperative system to jointly support outstanding women-led startups. Space Sallim will discover promising women-led companies based on growth potential, expertise, and technology possession, and recommend them to the Seoul Western Branch of the Korea Credit Guarantee Fund. The Seoul Western Branch will actively support the recommended companies with credit guarantees, guarantee-linked investments, and accounts receivable insurance.

Jung Yeon-jeong, CEO of the Seoul Foundation of Women and Family, stated, "Through this MOU, the two organizations will cooperate to strengthen the entrepreneurial capabilities of women in Seoul and establish a financial support system for outstanding women-led startups." She added, "The Seoul Foundation of Women and Family will continue to sign agreements with various institutions to promote the innovative growth of women-led startups and upgrade the entrepreneurial environment for women in Seoul."

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