According to Yonhap News,
Busan Embracement Fund For Social Economic Development (BEF), a consortium that consists of eight separate public institutions announced on Mar. 3 the launch of a crowdfunding project to help social enterprises.
The project, which comes to an end on Mar. 19, was designed to help social enterprises in early stage business or ready for entrepreneurship find sales network to pull up corporate profit. The projects is known for helping 13 social enterprises selling unique merchandise shoot ad campaigns for creative ideas to meet the fundraising goals, then finance the entrepreneurs. For more information to join the program, visit www.ohmycompany.com and search BEF, or click on a banner displaying “research team for social enterprises.
For the success of the BEF program, KIBO, Korea Housing & Urban Guarantee Corporation, Korea Southern Power Co., Ltd (KOSPO), Korea Securities Depository, KAMCO, Korea Housing Finance Corporation, Busan Port Authority (BPA) and BMC.
Forming a joint VC fund valued over KRW 5 billion, these public entities will support organizations who contributes to social economy by the year 2022.
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Source: Yonhap News (Mar. 3 , 2020)
*This article was translated from Korean.