Choi Tae-won's Social Value Platform 'SOVAC 2023' Held

‘SOVAC (Social Value Connect) 2023,’ a leading domestic social value ecosystem platform led by SK Group, will be held on the 15th at the Walkerhill Hotel in Gwangjin-gu, Seoul.

Under the theme of ‘New Connections and Cooperation, Sustainable Growth,’ this year’s event has seen a significant increase in participation from private and public sectors, including companies, local governments, and the government, who are key stakeholders in the social enterprise and social venture ecosystem. The ‘SV Leaders Summit,’ co-hosted for the first time by the Korea Chamber of Commerce and Industry under the leadership of SK Group Chairman Chey Tae-won, will also be held.

The ‘SV Leaders Summit’ was created to discuss △ ways to revitalize the social enterprise ecosystem with expanded participation from private companies to the public sector △ seek structural and institutional solutions to social problems △ foster networking among leaders spearheading social problem-solving and create an environment for public-private collaboration. Chairman Chey will deliver the keynote speech, and more than 120 leaders representing local governments, the government, companies, social enterprises, social ventures, and academia are expected to participate.

Launched in 2019 at Chairman Chey’s proposal, SOVAC has established itself as a platform where experts from various fields and citizens in the social enterprise and social venture ecosystem exchange and communicate to explore solutions for social problems and ways to create social value.

This year, lectures and discussion sessions will be held on recent key topics in the social enterprise and social venture ecosystem, including △ opportunities for industrial revitalization amid the climate crisis △ public-private cooperation for global expansion of social enterprises and social ventures △ distribution strategies for social enterprise and social venture products △ local revitalization plans. A total of 48 organizations, including the Korea Chamber of Commerce and Industry, Gyeonggi Social Economy Center, Gyeongbuk Social Economy Support Center, Seoul 50 Plus Foundation, Korea Trade-Investment Promotion Agency, and Korea Technology Finance Corporation, will participate. The total number of participants is expected to reach around 2,000.

Additionally, in cooperation with Seongdong-gu Office in Seoul, a social enterprise product market will be held for three days from the 15th to the 17th at the public cultural space Understand Avenue in Seongsu-dong, Seoul.

An official from SOVAC said, “This year, we are not only expanding participation to general companies, the government, and local governments but also introducing a new program where leaders from various fields, called the ‘Social Problem-Solving Avengers,’ come together to pursue a new level of connection and cooperation and sustainable growth through this.”

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