Lotte Card announced on December 18 that it has selected the participating companies for the third cohort of its ESG (Environmental, Social, and Governance) management support program, "ThinkUs Partners," and will begin supporting the growth of these companies starting next year.
On the previous day, Lotte Card held an awards ceremony at its headquarters in Jongno-gu, Seoul, to announce the participating companies for the third cohort of ThinkUs Partners, awarding a total of 110 million won in business support funds to eight companies. In addition to expert consulting provided by Lotte Card, support for entry into Lotte Card's online shopping mall "Think Shop," and promotional and marketing assistance, these companies will also receive support linked to startup support programs run by the Ministry of Agriculture, Food and Rural Affairs and the Seoul Metropolitan Government, which are partner organizations.
Lotte Card held an award ceremony on the 17th at its headquarters in Jongno-gu, Seoul, announcing the third batch of companies participating in Thinkus Partners. Participants of the award ceremony are taking a commemorative photo. Photo by Lotte Card
ThinkUs Partners is a program through which Lotte Card discovers brands practicing ESG management in the fields of local communities, society, and the environment, and supports their sustainable management and growth.
The third cohort of ThinkUs Partners includes Nanum Vitamin, Revelop, Earth Form, Equal Table, Teazen, Percent Of, We Spirit, and MK1025.
Lotte Card began collaborating with the Seoul Metropolitan Government on this program last year, and expanded its partnership to include the Ministry of Agriculture, Food and Rural Affairs this year, thereby increasing both the number of companies supported and the scope of assistance. The number of companies selected as ThinkUs Partners has grown from six in 2023, to seven last year, and to eight this year. Starting with the third cohort, all companies will receive support linked to the Seoul Metropolitan Government's "Next Local" regional youth startup support program and the Ministry of Agriculture, Food and Rural Affairs' "Rural Innovation Network Project."
A Lotte Card representative stated, "ThinkUs Partners, which began in 2023, is a program through which Lotte Card selects brands that may be small but are valuable to our society, and provides tailored support for growth, including management consulting, promotion, and marketing. For the third cohort, more opportunities will be provided, such as networking with senior entrepreneurs and priority participation in support programs from both organizations, based on public-private collaboration."
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