The Korea Trade-Investment Promotion Agency (KOTRA) announced on July 14 that it will launch the "Global Leap Project for Social Economy" to support the overseas expansion and growth of social economy enterprises.
This initiative is a follow-up to the recently announced "Comprehensive Plan for the Development of Social Solidarity Economy" by the government. KOTRA plans to operate various programs throughout the year to help social economy enterprises secure self-sufficiency and achieve substantial quantitative and qualitative growth.
The Global Leap Project will focus on four key areas: export marketing, startup and investment attraction, ESG management, and attracting domestic and international talent. Additionally, it will operate as an integrated support system linked with KOTRA's social solidarity economy projects and collaborations with relevant organizations.
KOTRA aims to support companies' global expansion by combining existing overseas support programs with new package programs and preferential services for international ventures.
In collaboration with the Korea Social Enterprise Promotion Agency, KOTRA will also implement a step-up program for social enterprises and a project to measure social value indicators. Companies that receive an "excellent" or "outstanding" rating in the SVI measurement will be granted advantages in the selection of certain programs.
Kang Kyung-seong, President of KOTRA, emphasized, "For social economy enterprises to find opportunities beyond the domestic market and achieve sustainable growth, mutual growth across the entire ecosystem is essential. We will actively assist the global leap of social economy enterprises by strengthening collaboration with relevant organizations and providing tailored support."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.