Gyeonggi Social Economy Center Raises 20 Billion KRW for Social Value Creation Investment Fund

Gyeonggi Provincial Government

The Gyeonggi Social Economy Center, a public institution under Gyeonggi Province, will raise 20 billion KRW for the 'Gyeonggi Social Impact Fund' by the end of this year. To this end, the Social Economy Center is recruiting general partners to manage the fund until the 25th of this month.

The Gyeonggi Social Impact Fund is a fund that invests in social economy organizations with innovation and growth potential aimed at solving social problems and creating social value.

General partners represent the investors forming the investment partnership, execute and manage the partnership's assets, and bear unlimited liability for debts.

The Social Economy Center will invest 5 billion KRW in the Gyeonggi Social Impact Fund, while the remaining 15 billion KRW will be raised by the general partners.

The Gyeonggi Social Impact Fund is required to invest at least half of the fund amount (10 billion KRW) in social economy organizations within the province.

Yu Hoon, Director of the Gyeonggi Social Economy Center, stated, "We expect the Gyeonggi Social Impact Fund to serve as a catalyst for private investment, creating an opportunity to activate investment in the social economy sector within the province and establishing a stable financial environment for sustainable growth in the mid to long term."

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