ESG Fashion Solution Sharing Tournament
First Held by a Fashion Company
Grand Prize for 1 Team, Benefits Including Second Half Public Recruitment Interview Process
Kolon Industries FnC Division (Kolon FnC) announced on the 18th that it will hold the "Fashion Impact Challenge," the first ESG (Environmental, Social, and Governance) fashion solution discussion event hosted by a fashion company.
The Kolon FnC Fashion Impact Challenge is a tournament-style competition where new value-creating solutions for the fashion ecosystem are discussed. University and graduate students in South Korea develop and refine solutions, then validate their innovative solutions through debate rounds against other teams before delivering them to companies.
The theme of the challenge is "Kolon FnC's ESG Fashion Solution that Respects Individual Preferences." It seeks innovative solutions across all fields, including products, services, and campaigns, that enable consumers to practice sustainable fashion without giving up their personal tastes. Applications are open from 2 PM today until 11:59 PM on October 13 and can be submitted through the Kolon FnC Fashion Impact Challenge website.
Any university or graduate student in South Korea can participate, forming teams of four members. After the first document screening, a total of 64 teams will be selected for the finals. These teams will present and debate their ideas in a tournament format (Round of 16, Quarterfinals) on November 4, followed by the final round and awards ceremony on November 13. The finals will invite young people and stakeholders interested in ESG fashion to watch the final debate in person and attend a special lecture on ESG fashion insights, providing a platform to communicate about the solutions and future directions.
The grand prize winner, a single team proposing an outstanding ESG fashion solution, will receive a cash prize of 4 million KRW, the Kolon FnC CEO Award, and an exemption from the first interview stage in the upcoming new and experienced employee recruitment, allowing direct advancement to the final interview. The best team will receive 2 million KRW, the CEO Award, and exemption from the document screening stage of Kolon FnC’s new employee recruitment. Two excellence award teams will receive 1 million KRW and the CEO Award.
Kolon FnC is considering holding the ESG fashion solution competition annually to incubate participants' ideas and provide opportunities to strengthen their growth capabilities. Detailed information can be found on the Kolon FnC Fashion Impact Challenge website.
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