JEJU-DO < invest Korea

According to Yonhap News,

(JEJU=Yonhap News) An industrial hub is being built in Jeju Science Park(JDC) to provide support to social venture startups.

JDC announced on 29th that it plans to open a place to support socioeconomic social ventures in Jeju.

A social venture is a business model based on creativity and technology that seeks economic profits while providing solutions to social issues at the same time.

JDC has sketched its plan to realize social objectives by solving social problems and producing more jobs and in Jeju, through solid startup support of social ventures and providing a socioeconomic platform.

It also plans to make social ventures a leading driveforce of the region and shoulder-to-shoulder partners seeking shared growth.

The hub will have several offices, conference rooms, an open lounge, and various other rooms for lectures and cultural activities.

JDC signed a MOU with Merry Year Social Company on 28th to carry on its plans.

According to JDC, it will build a professional support system tailored for social ventures in Jeju and lead the government's 5-year road map for creating jobs.

bjc@yna.co.kr

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Source Text

** This article was translated from Korean.

Source: Yonhap News (November 29, 2018)