Hunet Ventures Launches Initiative to Discover Ventures Creating 'Social Value'
Business Agreement Between Social Venture Specialist Impact Investment Firm MYSC and Partners
Hunet Ventures and MY Social Company Sign MOU. Photo left: Jungtae Kim, CEO of MY Social Company; right: Seungcheon Bang, CEO of Hunet Ventures. Photo by Hunet
View original image[Asia Economy Reporter Kim Heeyoon] Hunet Ventures announced on the 16th that it has signed a business agreement with MY Social Company to create and spread social value.
Through this agreement, the two companies plan to discover and nurture social ventures that innovatively solve social problems. To address social issues, they will collaborate on △ implementing ESG education △ jointly discovering global social impact startups △ startup coaching and job creation using Talent Bank, a subsidiary of Hunet △ co-hosting and investing in social impact startup competitions.
Hunet Ventures is a corporate venture capital (CVC) established in August by Hunet, a lifelong education specialist company. It discovers, invests in, and nurtures promising companies in edutech, education, B2B services, and social impact sectors to secure future growth engines.
MYSC is a social venture-focused impact investment firm founded in 2011. It strategically invests in and nurtures startups that conduct businesses aimed at solving social and environmental problems.
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Bang Seungcheon, CEO of Hunet Ventures, said, “We aim to support the growth of startups through various methods such as Hunet’s edutech, expert advice from Talent Bank, and investments from Hunet Ventures,” adding, “Based on Hunet’s management philosophy of Jariita (自利利他), we plan to discover and nurture early-stage entrepreneurs.”
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