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Hana Financial Group Promotes Support Project for Revitalizing Social Economy

Creating Social Value through Job Support in the Hana Power On Program
Supporting the Growth of 33 Social Innovation Companies and Providing Valuable Jobs for Youth, Experienced Women, and People with Developmental Disabilities

Hana Financial Group Promotes Support Project for Revitalizing Social Economy Hana Financial Group's Executive Director of Social Value, Oh Jung-taek (seventh from the left in the front row, photo), and representatives from 33 social innovation companies are posing for a commemorative photo.


[Asia Economy Reporter Kim Min-young] Hana Financial Group announced on the 5th that it held an integrated orientation event for social innovation enterprises participating in its social economy revitalization program.


The event, held the previous day at the main auditorium of Hana Bank Euljiro Headquarters in Jung-gu, Seoul, was attended by 33 diverse social innovation enterprises contributing to job creation for people with developmental disabilities, young designers, and career-interrupted women (women with professional experience) through the 'Hana Power On Impact' and 'Hana Power On Challenge' projects.


Hana Power On Impact is a social value creation program started by Hana Financial Group in 2017 as part of its social economy revitalization support project. It helps people with developmental disabilities utilize their unique talents to achieve independence and create jobs. This year, eight social innovation enterprises will be selected, and 16 developmental disability interns will be matched to facilitate their transition to full-time employment.


Hana Power On Challenge was created to support the essential design and marketing capabilities needed for the growth of social innovation enterprises working to solve social problems. It connects young designers and professional women who have experienced career gaps due to various reasons such as childcare and family care, supporting their re-entry into society. Through Hana Members, it will support social problem-solving projects and link them to follow-up investments based on the results.


A representative from Hana Financial Group’s Social Value Team stated, “Many social innovation enterprises are going through difficult times due to the novel coronavirus disease (COVID-19). We will provide various supports to ensure that the growth of social innovation enterprises does not stop and to increase the number of quality jobs.”


Social innovation enterprises participating in Hana Financial Group’s Power On programs basically receive internship programs for talent recruitment, mentoring, and consulting services for business growth. Investment reviews will be conducted not only by Hana Ventures but also by MYSC, an impact investment firm specializing in social innovation consulting.


Additionally, efforts are being made to create collaborative synergy through cooperation with 'OneQ Agile Lab,' a startup discovery, collaboration, and nurturing program operated by Hana Bank, a key affiliate. Five innovative startups participating in OneQ Agile Lab?Finsle, Jaranda, Flatfarm, Nam-eui Jip, and Amicus Rex?are also participating in this Hana Power On program to expand innovative business models and contribute to the creation of quality jobs.


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