Gyeonggi Social Economy Center Selected as Partner for Discovering Impact Franchises

Gyeonggi Province is set to discover and nurture successful models of 'Impact Franchises.'

The Gyeonggi Social Economy Center announced on the 13th that it will select one to two organizations this month to collaborate on discovering and nurturing successful Impact Franchise models that transform social economy organizations?Impact Unicorns with annual sales exceeding 10 billion KRW or corporate value over 50 billion KRW?into franchise business formats.

The Social Economy Center will select 12 candidate successful models that have the potential to become Impact Unicorns and, after verifying their business and social performance, will finalize six successful models. These organizations will then receive support for standardizing and manualizing franchise operations and promoting regional expansion.

Partner organizations will provide systematic support for discovering and nurturing Impact Franchise successful models. In particular, they will participate throughout the entire process, including mentoring and supporting the opening of franchise (chain) stores for the six selected Impact Franchise successful models.

Yu Hoon, Director of the Gyeonggi Social Economy Center, stated, "Through discovering and nurturing successful Impact Franchise models, we aim to establish pathways for spreading 'social outcomes' within the province and build a system that ensures the sustainability of social economy organizations."

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