The Korea Technology Finance Corporation (KIBO) (Chairman Kim Jong-ho, hereinafter referred to as KIBO) announced that it held the "Social Venture Impact Plus" event at the KT&G Sangsang Planet in Seongdong-gu, Seoul on the 28th. The event, based on KIBO's Social Value Measurement System (KSVM), aimed to quantify the performance of social ventures and explore ways to connect these performance metrics with investment and support.
The event was attended by approximately 50 people, including social value measurement companies, venture capital firms, social venture companies, and Kibo executives and staff, and various programs were held, including ▲presentation of the social value measurement system performance ▲impact IR of excellent social ventures ▲social value measurement activation meeting.
Kibo announced that the 102 social value activities collected over the five years since the introduction of the social value measurement system in 2020 were converted into monetary value, amounting to approximately 25 billion won, and presented criteria for evaluating the performance of social ventures.
The IR session featured three outstanding social ventures that received KIBO's social value assessment: Rootrix (air pollution reduction), Nanum Vitamin (efficient distribution of welfare resources), and Loca101 (housing cost reduction). Each company presented a sustainable business model capable of solving social problems and generating profits.
At the symposium session, experts from the Social Value Research Institute, Impact Square, and MY Social Company participated and discussed ways to improve the social value measurement system and its utilization methods.
Kibo CEO Lee Sang-chang said, “For social ventures to be recognized for their value, objectively measuring their social performance is essential,” and added, “As a dedicated organization for social venture fostering projects, Kibo will strengthen its social value-based scale-up support system.”
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