Young Entrepreneurs Growing with Support from Jungjingong Participate in Donations

59 Startups Supported by Youth-Exclusive Startup Funds Voluntarily Participate
Donated a Total of 120 Million KRW in Donations and Daily Necessities for Nationwide Child Heads of Households

[Asia Economy Reporter Kim Cheol-hyun] Fifty-nine startups that have been growing with the support of policy funds and mentoring from the Small and Medium Business Corporation (Chairman Kim Hak-do, hereinafter referred to as SBC) have come together for children-headed households.

The SBC Seoul Southeast Branch and the Youth Startup Exchange Association (hereinafter JBN) announced on the 21st that they visited the National Citizens' Association for Helping Children-Headed Households located in Gwanak-gu, Seoul, and donated a total of 120 million KRW worth of cash and daily necessities.

JBN is a youth entrepreneur group formed in 2017, consisting of about 198 startups that have received youth-exclusive startup funds from SBC over the past five years. Led by Lee Dong-hyun, an SBC expert who mentors these companies, they share startup-related information and know-how and continue exchange activities to revitalize business, such as business matching.

The young entrepreneurs, remembering how they successfully settled in the market with management support such as SBC assistance in the early stages of their startups, prepared this donation to give back to society. The funds and goods, prepared through cash donations and in-kind donations of their own products such as cosmetics and clothing, will be delivered to children-headed households nationwide.

Lee Boo-hee, head of the SBC Seoul Southeast Branch, said, "As polarization deepens due to COVID-19, SBC will continue various social responsibility activities so that the positive influence created by companies can spread further in local communities."

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