Korea Social Investment-Gaia Venture Collaborate to Foster ESG and Social Impact Companies

Business Agreement Signed Between Two Organizations on the 10th
Support to Be Strengthened for Impact Companies

Korea Social Investment announced on the 13th that it signed a Memorandum of Understanding (MOU) for 'ESG (Environmental, Social, and Governance) and Social Impact Enterprise Development and Investment Cooperation' with venture capital (VC) Gaia Venture Partners on the 10th.

Lee Sun-yeol, CEO of Korea Social Investment (left), and Kim Hak-yoon, CEO of Gaia Venture Partners, are posing for a commemorative photo at the business agreement ceremony held on the 10th.
[Photo by Korea Social Investment]

The main areas of cooperation include 'discovering ESG and social impact enterprises and exchanging information,' 'collaborating to invest in and expand investment in ESG and social impact enterprises,' and 'sharing infrastructure and personnel exchanges between the two organizations.'

Through this agreement, Korea Social Investment and Gaia Venture Partners plan to strengthen support necessary for impact enterprises. Korea Social Investment provides investment, accelerating, and ESG consulting to startups solving social problems. It has strengths in investment and accelerating in climate tech, social services, agtech, and global sectors. To date, it has executed a total of 66.2 billion KRW in impact investments (loans, investments, grants, etc.).

Gaia Venture Partners was selected last year as the fund manager for the Ministry of Health and Welfare’s social service investment fund, established for the first time. Since then, it formed the 'Gaia Social Service Investment Association' with a scale of 14.5 billion KRW (10 billion KRW from the government and 4.5 billion KRW from the private sector). Korea Social Investment also contributed 1.5 billion KRW to this fund, becoming a private limited partner (LP).

Lee Sun-yeol, CEO of Korea Social Investment, emphasized, “Korea Social Investment is strengthening cooperation with excellent investors leading the ecosystem to discover and invest in ESG and social impact enterprises. Through this collaboration with Gaia Venture Partners, we will do our best to expand the impact business ecosystem.”

Kim Hak-yoon, CEO of Gaia Venture Partners, said, “By continuously supporting companies that solve social problems through innovative technologies, we will further accelerate the discovery and investment in impact enterprises, including social services.”

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