Minister Hansung Sook: "Support for Social Ventures Creating Social Value Will Be Expanded"

Ministry of SMEs and Startups Holds Social Venture Ecosystem Activation Meeting
Industry Suggestions Including Revision of Social Venture Evaluation Standards
"Strengthening the Institutional Foundation by Reflecting Field Feedback"

The Ministry of SMEs and Startups announced on October 23 that it held a "Social Venture Ecosystem Activation Meeting" at KT&G Sangsang Planet in Seongdong-gu, Seoul, to discuss effective support measures for social venture companies.

The meeting, presided over by Minister Hansung Sook, was attended by representatives of social venture companies, social venture investment firms, and support organizations. Participants shared the challenges they face in the field and made policy suggestions.

Hansung Sook, Minister of SMEs and Startups, is speaking at the "Defense Industry Startup Meeting" held at an undisclosed location in Seoul on the 16th. Ministry of SMEs and Startups

During the meeting, various opinions were presented on topics such as revitalizing investment through the revision of social venture evaluation standards to reflect global criteria, fostering region-based social ventures in connection with local economies, and expanding support for research and development (R&D), startup and growth, and finance. The Ministry plans to review the collected opinions and incorporate them into policy development for the social venture sector.

Minister Hansung Sook stated, "Social venture companies are agents of change that address social issues in innovative ways and realize social value based on creative ideas and sustainable revenue models. We will strengthen the institutional foundation and expand support for social ventures by reflecting feedback from the field."

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