Social Economy Organization Investment 'Gyeonggi Impact Fund' Surpasses 100 Billion Won

Status of Gyeonggi Impact Fund Formation by Year

The amount raised for the 'Gyeonggi Impact Fund (Social Investment Fund),' which supports the growth of social economy organizations such as social enterprises, cooperatives, and village enterprises in the province, has surpassed 100 billion KRW.

The Gyeonggi Social Economy Center announced on the 7th that it raised 27.8 billion KRW for the Gyeonggi Impact Fund, including 5 billion KRW of its own capital, from October to December last year, and added 78.5 billion KRW this year, achieving 106.3 billion KRW (133%) two years ahead of the original target.

The Gyeonggi Impact Fund is a fund that invests in social economy organizations with innovation and growth potential to solve social problems and create social value.

The Social Economy Center of the province is laying the foundation for corporate growth by promoting education to strengthen investment attraction capabilities and investment consultation meetings to facilitate smooth financing for social economy organizations in the province.

Currently, six general partners manage the fund, and the first invested company, Kangsters Co., Ltd. (CEO Kim Kang), a disability exercise solution provider, is preparing to enter the U.S. and European markets through investment attraction from this fund.

In addition, four social economy organizations in the province, including UglyLab, which provides waste management solutions, have succeeded in attracting a total investment of 4 billion KRW. Each investor is discovering and reviewing social economy organizations in the province with growth potential.

Yoo Hoon, Director of the Gyeonggi Social Economy Center, stated, "Through the Gyeonggi Impact Fund, we will create a virtuous cycle investment ecosystem where social economy organizations in Gyeonggi Province grow into impact unicorns."

The Gyeonggi Social Economy Center is continuously recruiting a 'Pool of Companies Hoping to Attract Investment' to support company discovery and strengthen investment capabilities. Companies wishing to attract investment from the Gyeonggi Impact Fund can apply by visiting the Gyeonggi Social Economy Center website (gsic.or.kr).

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