Songpa-gu Launches Focused Support for Social Economy Enterprises

Recruiting Participants for Songpa Social Economy Success Model Kiwoom Project until the 11th... Comprehensive Support Including Business Development Funds, Consulting, and Promotion with 140 Million KRW Investment to Foster Success Models

[Asia Economy Reporter Jongil Park] Songpa-gu is taking steps to foster the social economy.

Songpa-gu (Mayor Park Seong-su) is publicly recruiting companies to participate in the 'Songpa Social Economy Success Model Growth Project' until the 11th.

Recently, as the social economy emphasizing inclusive growth has gained global attention, the National Assembly is accelerating efforts to enact the Basic Social Economy Act.

Currently, there are 247 social economy enterprises located within Songpa-gu.

Accordingly, the district has been operating the 'Songpa Social Economy Success Model Growth Project' (hereafter Growth Project) since last year to help social economy enterprises achieve not only quantitative growth but also qualitative growth and sustainable development.

This year, the Growth Project budget has been increased by 40 million KRW compared to last year, with a total of 140 million KRW allocated from the district funds. Through review by the screening committee and presentations by applicant companies, about six target companies will be selected.

The selected companies will receive comprehensive support in various areas, including ▲up to 40 million KRW in business development funds per company ▲professional management consulting and business redesign ▲provision of office space at the Songpa Social Economy Support Center and Sincheon Startup Incubator ▲support for social economy markets and sales marketing.

The support period is up to three years, with continued eligibility determined through performance evaluations after each annual project completion.

The recruitment targets are social enterprises, village enterprises, social cooperatives, self-sufficiency enterprises, etc., located in Songpa-gu or planning to relocate to Songpa-gu, established within five years as of the announcement date. Youth enterprises that can convert to social enterprises, village enterprises, or social cooperatives are also eligible.

Applicants can refer to the announcement on the Songpa-gu Office website, complete the application form and required documents, and submit them in person to the Songpa-gu Office Job Policy Officer by March 11. The selection results will be announced on the website at the end of March.

Mayor Park Seong-su stated, “Through the Growth Project, we will create a Songpa-type success model representing the 247 social economy enterprises in Songpa-gu and actively discover and share excellent cases.” He added, “We look forward to the active participation of capable social economy enterprises and outstanding youth enterprises pursuing social value.”