Korea Credit Guarantee Fund Holds "Social Venture Impact Plus" to Promote Social Value Expansion

Presentation of Achievements in Social Value Measurement System and More

Korea Credit Guarantee Fund announced on December 1 that it held the "Social Venture Impact Plus" event at KT&G Sangsang Planet in Seongdong-gu, Seoul.

(Event participants, including Nam Kyungtak, Officer of Venture Policy Division at the Ministry of SMEs and Startups (fifth from the left in the front row), Lee Sangchang, Director of Korea Technology Finance Corporation, and Kwon Hyuksang, Secretary of Venture Policy Division at the Ministry of SMEs and Startups, are posing for a commemorative photo. Photo by Korea Technology Finance Corporation)

This event was organized to share the quantified social outcomes measured by the Korea Credit Guarantee Fund's Social Value Measurement System (KSVM) and to explore ways to connect these outcomes to investment and support.

The event was attended by more than 50 participants, including companies specializing in social value measurement, venture capital firms, social venture companies, and employees of Korea Credit Guarantee Fund. The program featured various sessions, such as a presentation on the achievements of the social value measurement system, an excellent social venture impact IR session, and a roundtable discussion on promoting the measurement of social value.

In particular, Korea Credit Guarantee Fund announced that, since introducing the social value measurement system in 2020, 102 cases of social value activities have been quantified over the past five years, with their monetary value estimated at approximately 25 billion won. This provided an objective standard for evaluating the social achievements of social ventures.

The subsequent IR session featured three outstanding social ventures that had undergone social value measurement by Korea Credit Guarantee Fund: Rootrix (air pollution reduction), Nanum Vitamin (efficient distribution of welfare resources), and Loca101 (reduction of housing costs). Each company drew attention by presenting sustainable business models capable of both solving social problems and generating profit.

In the final roundtable session, the Social Value Research Institute and Impact Square, both specialized institutions in social value measurement, as well as the impact investment firm MY Social Company, participated in discussions on how to improve and utilize the social value measurement system to better support social ventures.

Lee Sangchang, Director of Korea Credit Guarantee Fund, stated, "It is essential to objectively measure the social outcomes created by social ventures in order for them to be recognized for their value," adding, "As the dedicated implementing agency for social venture development projects, Korea Credit Guarantee Fund will continue to strengthen its evaluation and support systems so that social ventures can scale up based on social value."

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