Citibank Korea to reward social enterprises
Citibank Korea said Tuesday it is looking for excellent social enterprises in job creation, social innovation and growth to honor at the forthcoming Korea Social Enterprise Awards event.
The U.S.-headquartered bank’s Korean subsidiary will receive applications until Nov. 11, and a judging committee comprised of experts in various fields will select the awardees.
The award ceremony will take place on Dec. 19.
Marking the 10th anniversary of the implementation of the Social Enterprise Promotion Act, and the 50th anniversary of Citigroup entering the Korean market, Citibank Korea started rewarding excellent social enterprises here in 2017 to encourage innovation.
Since then, it has found social enterprises that have supported vulnerable social groups and made efforts to solve various social problems.
In addition, Citibank Korea has supported the Impact Career Youth program through cooperation with the non-profit corporation, Root Impact.
The program is aimed at helping social enterprises discover and nurture the talented employees they need.
Between the second half of 2018 and the first half of 2019, the commercial bank joined hands with the Social Solidarity Bank to undertake a “social venture policy research project,” aimed at establishing effective policies and creating the environment for the growth of social ventures.
“In order for social enterprises to enhance their capabilities and solve various problems society is facing, we have supported such programs,” a Citibank Korea official said. “We will continue to watch their growth, so that we can make a small contribution to making a more valued society.”
Citibank Korea’s main branch in Seoul