SVS hosted an impact investment seminar (2nd Jul 2021)
The SVS Foundation hosted a social finance seminar for discussing the current status of the impact investment landscape in Korea at the ‘2021 Gwangju social economy fair’. Various leading social finance institutions ranging from wholesaler(SVS Foundation), impact accelerator(Impact square), public agency(Korea Social Enterprise Promotion Agency), private sector organization(SK Happiness Foundation) shared their perspectives on the current development stage of the Korean impact investment ecosystem and strategies for more coordinated and institutionalized efforts.
:: About Social Finance Forum ::
Cooperating Network of SFIs Social Finance Forum
The ‘Social Finance Forum’ is a cooperating network of SFIs designed to realize social values by providing funds to SEOs and social innovation companies in various ways, including investments and loans. A total of 24 SFIs have participated in the Social Finance Forum. The participation of private organizations, experts and public institutions representing the social finance sector has allowed it to cover a variety of social finance fields including microcredit, mutual aid, local finance, impact investment, P2P finance and SIBs. In addition, it has launched various joint projects, such as building an institutional foundation for social finance, sharing the current status and performances of social finance, promoting private investment and citizen participation, and exchanging knowledge, in order to develop the social finance ecosystem.
In March 2020, 20 SFIs formed the ‘Social Finance Forum Preparation Group’ and announced ‘3 Strategies and 5 Tasks to Promote Social Finance’ which demanded that social finance policies be included in the 2020 parliamentary elections agendas, in order to contribute to the substantializing, scaling-up, and localization of the social economy.
Recognizing the need for continued cooperation among social financerelated institutions, the preparation group continued to discuss the plans for its governance and operation, and on October 26, 2020, the forum was launched, as the largest social finance network in Korea.
Organizations participating in the Social Finance Forum
IFK Impact Finance, MYSC, Gyeongnam Social Value Finance and Loans, Nanumgwamirae, Dongjak Credit Union, D3 Jubilee Partners, BPLUS, Social Solidarity Bank, PPL, Sopoong Ventures, ARK Impact Asset Management, Ohmycompany, Impact Square, Korea Association of Self-Sufficiency Promotion Center, National Federation of Residents’ Cooperatives, Band Foundation, Jumin Credit Union, Crevisse Partners, Pan-Impact Korea, Korea Microcredit Joyful Union, Korea Social Value and Solidarity Foundation, Korea Social Investment, Korea Social Innovation Finance, Work Together Foundation