Jongik Lee Appointed Chairman of Korea Social Investment; Sunyeol Lee Begins as Sole CEO

"We Will Lead Greater Change as an Impact Investment Firm"

Korea Social Investment, an impact investment firm, has appointed former CEO Jongik Lee as its 5th chairman of the board and completed an organizational restructuring under the sole leadership of CEO Sunyeol Lee.

On August 11, Korea Social Investment stated, "This leadership transition is a strategic change aimed at evolving into a more professional and sustainable impact investment firm," adding, "It will serve as an opportunity to further solidify the organization's identity and direction."

From the left, Jongik Lee, the 5th chairman of the board who took office, and Sunyeol Lee, the sole CEO of Korea Social Investment. Korea Social Investment

The newly appointed chairman, Lee, formerly a partner at Deloitte Anjin LLC, has served as CEO of Korea Social Investment since December 2016, establishing a new model of a 'public interest foundation impact investment firm' within Korea's impact finance ecosystem. He has led initiatives such as the management of the Seoul Social Investment Fund (KRW 55 billion), social contribution and CSR projects with major corporations and public enterprises, the launch of multiple venture investment associations, and the introduction of the 'ESG Double Impact Matching Fund' in collaboration with Hana Financial Group. He has played a leading role in expanding public-private partnerships and donation-based investment models. Currently, he also serves as Chief Investment Officer (CIO), working to strengthen connections with the private investment ecosystem.

Looking ahead, Chairman Lee plans to expand Korea Social Investment's role as a platform connecting the nonprofit and for-profit sectors and to lead the strategic management of social capital. He stated, "We will collaborate with government agencies, local governments, corporations, and global organizations to spearhead various social innovation funds and next-generation development programs," and added, "We aim to become a future-oriented impact investment firm that expands the role and enhances the efficiency of social capital."

With this organizational restructuring, Sunyeol Lee, now the sole CEO, has, since August 2022, co-led the company with Chairman Lee, driving the advancement of the acceleration system, the expansion of global cooperation, and the enhancement of ESG (environmental, social, and governance)-based social contribution and CSR programs. She has developed expertise in the evaluation of child labor and international development cooperation programs through her work with organizations such as the International Labour Organization (ILO), Save the Children Korea, and the Global Development Institute (ReDI).

Meanwhile, Korea Social Investment, established in 2012 as a public interest foundation impact investment firm, has directly invested in 73 companies to date and has invested in an average of 18 companies annually over the past three years. The firm is currently engaged in a variety of ESG and impact investment projects, including serving as the official operator for the Presidential Commission on Carbon Neutrality and Green Growth, co-operator of SK Telecom ESG Korea, the Hana Financial Group ESG Double Impact Matching Fund, and the Coca-Cola Innovation Fund.

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