First Among Local Governments... Busan City Selects 21 'Venture and Startup ESG Leading Companies'

Certificate Award Ceremony to be Held at Centum Technology Startup Town on the 20th at 4 PM

Busan City has selected 21 leading companies in venture and startup social value management (ESG) and will hold a certificate awarding ceremony at 4 p.m. on the 20th on the first floor of the Centum Technology Startup Town (CENTAP).

This certificate awarding ceremony is part of the unprecedented project, the "Busan Venture and Startup Social Value Management (ESG) Leading Company Support Project," in which a local government certifies excellent companies practicing social value management (ESG) among local venture and startup companies for the first time nationwide and supports the growth of certified companies.

To this end, the city launched an ESG management support council consisting of 22 public, private, and academic institutions last November and pledged focused support to strengthen the ESG capabilities of certified companies through a business agreement and vision proclamation ceremony.

ESG Management Support Council Vision Proclamation Ceremony. (Nov. 2022)

The event will be held in three parts. ▲In the first part, with the help of the ESG support council (Busan Technopark, Korea International Trade Association Busan Branch, Credit Guarantee Fund, KB Kookmin Bank, Series Ventures (AC)), consulting will be provided by council subcommittees on support, loans, and investment for certified companies. ▲In the second part, certificates will be presented to the 21 companies selected as ESG leading companies. ▲In the third part, there will be a networking session among the certified companies.

The companies certified as ESG leading companies this time are ▲B-Dream ▲Coconut Silo ▲Paytalab ▲Chemipolio ▲Netspa ▲Farmcove ▲Terablock ▲KS ▲DHOcean ▲Another Day ▲MITG ▲Haewoo Technology ▲Simda ▲K-Watercraft ▲Fields ▲Gyroble ▲NJF&B ▲J-Larobi ▲Geumtech ▲Embas ▲Apheron Tech.

These companies were selected through certification evaluations including ESG capability assessments, evaluations by the ESG support council, and a review committee composed of experts. Among them, 10 companies that received high scores in ESG and business feasibility evaluations will receive commercialization funds (10 million to 30 million KRW) from Busan City.

Starting with the certification of leading companies this year, the city plans to actively discover and certify venture and startup companies leading ESG and provide focused nurturing and support so that companies certified as ESG leading companies can grow vigorously.

Certified companies will be provided with a comprehensive support system including consulting, accounts receivable subscription, commercialization fund support, and follow-up support from the ESG support council.

Mayor Park Hyung-jun said, “Through this ESG leading company certification, certified companies will be able to enhance their brand value and competitiveness in the investment ecosystem,” and added, “Our city will continue to make every effort to become Busan, an Asian startup hub city that grows together with companies practicing sustainable management.”

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