▲ Minister of the Interior and Safety Yun Ho-jung (left) and Shinhan Financial Group Chairman Jin Ok-dong pose for a commemorative photo after signing a business agreement for the revitalization of the social solidarity economy in Ansim Village, Dong-gu, Daegu, on July 8.
Shinhan Financial Group announced that it will invest a total of 6 billion won over the next three years, with 2 billion won allocated annually, into the social solidarity economy sector through the Shinhan Financial Hope Foundation.
Shinhan Financial stated that Chairman Jin Ok-dong met with Minister of the Interior and Safety Yun Ho-jung in Ansim Village, Dong-gu, Daegu, this afternoon (July 8) to sign a business agreement for the revitalization of the social solidarity economy and officially announce the plan.
The social solidarity economy refers to activities in which economic entities, such as social enterprises and cooperatives, pursue public values over profit through solidarity and cooperation.
The Ministry of the Interior and Safety is identifying innovative models tailored to local characteristics to expand the social solidarity economy nationwide. Ansim Village is a place where residents began forming cooperatives in 2008 with the goal of integrated care for both disabled and non-disabled individuals. It currently features a self-sustaining network of over 20 social economy enterprises and civic groups, including daycare centers, libraries, cafes, restaurants, meal delivery services, and solar power plants.
Following their 2023 agreement on local branding and regional revitalization, Shinhan Financial and the Ministry of the Interior and Safety have now expanded their scope of cooperation to include the social solidarity economy sector.
This support project consists of three main areas: energy efficiency improvements through the replacement of high-efficiency energy equipment (Energy Impact-Up); growth support for business development and new job creation within social solidarity economy organizations (Base Impact-Up); and public-private partnership projects to resolve local community issues (Social Impact-Up).
Organizations and companies selected through the social solidarity economy impact-up project competition will be eligible for support.
A Shinhan Financial official stated, "For the social solidarity economy to grow, private sector participation is essential alongside the government's institutional support," adding, "We will actively cooperate with the Ministry of the Interior and Safety to help local communities build their own foundations for sustainable development."
(Photo: Provided by Shinhan Financial, Yonhap News)
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