Smilegate Contributes 13 Billion KRW to Large and Small-Medium Enterprise Win-Win Cooperation Fund

On the 14th, at the Smilegate headquarters in Pangyo, Seongnam-si, Gyeonggi-do, Seong Junho, CEO of Smilegate Holdings (left), and Kim Younghwan, Secretary General of the Foundation for Large, Small, and Medium Enterprises and Agriculture-Fishery Cooperation, are posing for a commemorative photo at the 'Smilegate Group Large and Small-Medium Enterprise Win-Win Cooperation Fund Contribution Agreement Ceremony.'

[Asia Economy Reporter Seungjin Lee] Smilegate Group announced on the 15th that it will contribute 13 billion KRW to the large and small business win-win cooperation fund to help create and expand the domestic creative, creation, and startup ecosystem.

Smilegate signed an agreement on the 14th to contribute to the large and small business win-win cooperation fund with the Foundation for Large and Small Business and Agriculture-Fishery Cooperation, the first in the game industry. The signing ceremony held at Smilegate headquarters in Pangyo, Seongnam-si, Gyeonggi-do was attended by Smilegate Holdings CEO Junho Sung, CFO Jinbeom Lee, Foundation Secretary-General Younghwan Kim, and Win-Win Fund Manager Dohwan Kim.

The win-win cooperation fund is a private resource contributed by domestic corporations to the Foundation for Large and Small Business and Agriculture-Fishery Cooperation for win-win cooperation with small and medium enterprises (SMEs). It is a private autonomous project supporting SMEs according to the usage purpose under the Win-Win Cooperation Act.

Smilegate will use the win-win cooperation fund established this time to create and expand the domestic creative, creation, and startup ecosystem. To this end, it plans to first discover and support young entrepreneurs and excellent startups. Since Smilegate has supported young people’s startup and management activities for several years through the independent startup foundation ‘Orange Planet,’ it expects that this win-win cooperation fund will create good synergy with these activities.

In addition, Smilegate Stove plans to prepare measures to support small game developers and partner companies together with ‘Stove Indie,’ the largest domestic indie game platform it operates. It also plans to discover and support competitive IP creation projects such as movies, dramas, webtoons, and animations.

Junho Sung, CEO of Smilegate Holdings, said, “Smilegate has been striving to contribute to the creation of a healthy startup ecosystem and the growth of startups through the independent startup foundation ‘Orange Planet’ and the venture capital (VC) ‘Smilegate Investment.’” He added, “This contribution to the win-win cooperation fund is part of our group’s efforts to create and expand a healthy creative, startup, and creation ecosystem. We hope it will become a reliable foothold to help the growth of emerging creators and support the global advancement of early startups.”

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