Citibank Korea to re­ward so­cial en­ter­prises

The Korea Times - - FINANCE -

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.”

Yon­hap

Citibank Korea’s main branch in Seoul

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