Jungjingong-Gongmuwonyeongeumgongdan-Korea Venture Investment Sign Agreement for Socially Responsible Investment

Agreement Signed for 'Realization of Social Value and Improvement of Fund Management Performance'

At the tripartite business agreement ceremony held on the 17th, (from left) Kim Hak-do, Chairman of the Korea SMEs and Startups Agency, Hwang Seo-jong, Chairman of the Government Employees Pension Service, and Lee Young-min, CEO of Korea Venture Investment Corporation, are posing for a commemorative photo.

[Asia Economy Reporter Kim Cheol-hyun] The Small and Medium Business Corporation (Chairman Kim Hak-do, hereinafter referred to as SBC) announced on the 17th that it has signed a 'Business Agreement for Realizing Social Value and Improving Fund Operation Performance' with the Government Employees Pension Service and Korea Venture Investment.

The three organizations, including SBC, agreed to collaborate on ▲socially responsible investment and global investment cooperation ▲sharing fund management know-how ▲supporting entrepreneurship education for retirees of public institutions and participation in the Sherpa program.

Specifically, SBC and the Government Employees Pension Service will collaborate on socially responsible investment in ESG bonds such as the Small and Medium Business Promotion Bonds (Jungjin Bonds) issued by SBC to promote innovative growth and job creation in small and medium enterprises. They will also cooperate to improve fund operation performance by sharing fund management know-how.

They will also join forces to provide entrepreneurship education and support participation in the 'Sherpa' program for retirees (or prospective retirees) of the agreement institutions and retired (or prospective retired) public officials. The Sherpa program operated by SBC is a project that matches senior personnel from public institutions with companies to support the growth of small and medium enterprises and assists in reemployment.

In addition, the Government Employees Pension Service will participate in joint investments with global asset management firms funded by Korea Venture Investment, strengthening the overseas investment cooperation system.

Chairman Kim Hak-do said, "Through collaboration with the Government Employees Pension Service and Korea Venture Investment, which have expertise in fund management and investment, we expect to realize social value and improve fund operation performance," adding, "We will actively cooperate to support entrepreneurship education and Sherpa participation for senior personnel of public institutions."

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