Korea Technology Finance Corporation and Seoul Social Venture Hub Join Forces for Social Performance Management in Social Ventures

“We Will Strive to Promote the Spread of Social Value”

Korea Technology Finance Corporation announced on August 13 that it had signed a "Business Agreement for the Promotion of Social Performance Management in Social Venture Enterprises" with the Seoul Social Venture Hub.

This agreement aims to establish a foundation for measuring the social performance of social venture enterprises, discover and support companies with outstanding social value, and invigorate the social venture ecosystem. The two organizations will collaborate in several areas, including: ▲support for measuring and consulting on social value ▲providing education related to social value measurement ▲preferential guarantee support for companies with outstanding social value ▲support for corporate promotion and investment attraction, among others, to assist social venture enterprises.

Korea Technology Finance Corporation

Korea Technology Finance Corporation plans to utilize its proprietary social value measurement model, "KSVM," to quantitatively assess the social value creation performance of companies based at the Hub. Companies that demonstrate excellent results will receive preferential growth funding through the Social Venture Impact Guarantee. The Hub will provide practical support for the growth of resident companies by connecting follow-up assistance such as promotion and investment attraction, based on the social value measurement results provided by Korea Technology Finance Corporation.

Jung Guyul, Head of the Seoul Western Regional Headquarters at Korea Technology Finance Corporation, stated, "We will continue to work with various related organizations to promote the spread of social value and vitalize the social venture ecosystem."

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