Written by Lee Kyung-min
Hana Financial Group Chairman Ham Young-joo / Provided by Hana Financial Group
Hana Financial Group on Monday announced plans to launch a program aimed at supporting start-ups with green technology and the potential for job creation and sustainable growth. The initiative will provide a total investment of 3 billion won ($2.2 million) to a selected number of eligible startups.
The program, “Hana ESG Double Impact Matching Fund,” is co-supervised by the nonprofit Korea Social Investment Foundation and supports the dual mandate of job creation and environmental conservation.
ESG stands for Environmental, Social and Corporate Governance.
Applicants will be screened twice, the first from April 8th to May 24th, and the second from June 3rd to August 2nd.
For more information, please visit the Hana Power On website.
Hana Financial and the non-profit organization will establish a joint committee to review the potential of applying startups for job creation, sustainable growth and development, and advancement in green technology.
Finalists will be presented with details and asked to share their business development during investment-related events. These events are attended by venture capital officials who evaluate the feasibility of investment projects.
Hana Financial officials said, “Hana Financial aims to create a virtuous cycle in which corporate growth, high-quality job creation, and environmental conservation are given equal priority, and the results will be reflected in the efforts of the entire group.” It is something that can be obtained from.” “We will continue to lead efforts to expand our social responsibility programs through finance.”
Hana’s efforts include developing youth entrepreneurs and providing job training to disadvantaged groups. This includes people with disabilities, mothers who have quit their jobs to raise children, and people between the ages of 40 and 59.
