Production Headquarters Achieves Employment and Entrepreneurship Success for Over 330 Youths through Social Impact Reward Project

Percent and Fan Impact Korea Support Youth Employment and Entrepreneurship

KPC Korea Productivity Center announced on the 29th that the 'SIB Employment and Entrepreneurship Support Service,' which has been promoted for three years since 2020 in collaboration with Percent and Fan Impact Korea, has achieved successful results.

Social Impact Bond (SIB) projects use budgets prepared by private investors to first solve social problems and achieve set performance goals, after which the public sector reimburses the budget. The 'SIB Employment and Entrepreneurship Support Service' was Seoul's second SIB, targeting vulnerable youth in the Seoul area to improve the social issue of youth unemployment.

This project operated from 2020 to 2023, providing services to 500 people over three years, aiming to help 200 participants find employment or start businesses. The goal was exceeded by 166%, with a total of 332 people successfully employed or starting businesses.

The project executing organizations, KPC and Percent, developed and implemented educational programs to support youth employment and entrepreneurship success in Seoul. For job seekers, experts from various fields provided education on career planning, job competency enhancement, and application skills. Employment-related programs included digital performance marketing, a 3-night 4-day employment camp, one-on-one employment mentoring, cultural and arts mentoring, Start Intern programs, and courses in cooperation with external educational companies.

For entrepreneurship candidates, post-services were provided from the basics of starting a business to continuous management after launching. Programs such as the My Business course and stages divided into startup initiation and execution phases were operated.

Kim Dong-hwi, Senior Specialist at KPC Public Education Center, said, "Since the project started in November 2020, the unexpected outbreak of COVID-19 made it challenging to provide employment and entrepreneurship services and achieve good results. Nevertheless, thanks to the dedicated roles of the operating organizations, compensation agencies, investment institutions, and evaluation agencies, autonomous planning and execution of private content were possible."

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