SVS Foundation invested in an impact investment fund matched by the Growth Ladder Fund (managed by Korea Growth Finance Investment Management) to help social economy enterprises with potential of innovation and growth become self-reliant, scale up, spread social values, and attract private investors.
KB Financial Group, Korea Growth Finance Corporation, and the SK Happiness Foundation participated in the Ark Impact Venture Investment Fund as limited partners(LPs), and the Korea Social Value Solidarity Fund participated as a subordinated investor to protect private losses.
As of December 2023, the fund has invested in 11 impact enterprises. More than 60% of the fund’s capital is targeted to companies and projects in the social impact sector.
SVS contributed to solving social problems directly related to everyday life through investments in social innovation technologies, such as vaccine distribution in developing countries using micro-needle technology, farm productivity improvement using agricultural and energy technologies, and automated labor matching services for care workers and seekers.