GS Retail Opens 'Youth Dream Store' with Korea Self-Sufficiency Welfare Development Institute
Providing GS25 and GS The Fresh Stores... Supporting Startup Investment and Sharing Operational Experience
"Leading ESG Management by Operating Various Social Contribution Stores"
(From the right) Cheon In-ho, Executive Director of GS Retail Super Sales Division, and Lee Byung-hak, President of Korea Self-Sufficiency Welfare Development Institute, are taking a commemorative photo at the 'Youth Dream Store' business agreement ceremony held on the 5th.
[Asia Economy Reporter Kim Yuri] GS Retail and the Korea Self-Sufficiency Welfare Development Institute have joined hands to create youth jobs and promote self-sufficiency.
GS Retail and the Korea Self-Sufficiency Welfare Development Institute announced on the 6th that they signed a 'Youth Dream Store Business Agreement (MOU)' on the 5th at GS Retail headquarters in Gangnam-gu, Seoul.
The 'Youth Dream Store' means a store embodying the dreams of young people, aiming to help job creation and economic independence by providing entrepreneurship opportunities at GS25 and GS The Fresh (GS Supermarket) to youth aged 39 and under.
Through this MOU, GS Retail will provide stores where GS25 and GS The Fresh can be operated and partially reduce or support startup investment costs. To ensure the 'Youth Dream Store' settles more successfully, GS Retail will actively provide introductory education, store operation training, and operational experience. The Korea Self-Sufficiency Welfare Development Institute will support youth entrepreneurship by discovering local self-sufficiency centers wishing to participate in the project, explaining the project, and developing linkage projects for self-sufficiency products to be stocked.
GS Retail expects the 'Youth Dream Store' to help young people operate their own stable stores during the difficult times caused by COVID-19. It also anticipates that it will establish itself as a meaningful model to build a foundation for youth independence. Through collaboration with 250 self-sufficiency centers nationwide under the Korea Self-Sufficiency Welfare Development Institute, a public institution under the Ministry of Health and Welfare, nationwide job creation is expected.
GS Retail operates social contribution-type stores such as 'Tomorrow Store,' where participants in self-sufficiency projects from low-income vulnerable groups work, and 'Neulbom Store,' Korea's first vocational training convenience store for the disabled. Currently, a total of 428 self-sufficiency workers are employed at 66 GS25 Tomorrow Stores and GS The Fresh Tomorrow Stores nationwide. GS Retail is also working with the Korea Employment Agency for the Disabled and the Korea Senior Citizens Employment Agency to create jobs for severely disabled people and the elderly.
GS Retail stated, "We operate various social contribution-type stores to create jobs and promote self-sufficiency for socially vulnerable groups and plan to make multifaceted efforts to strengthen social responsibility management, a pillar of ESG (Environmental, Social, and Governance) management."
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