SVS IMPACT NEWSLETTER (Jan ~ Aug 2021 l vol. 1)
KOREA SOCIAL VALUE AND SOLIDARITY FOUNDATION ANNUAL REPORT 2020 SVS published its 2020 annual report. To foster Korean social economy ecosystems, SVS has made investment and loan commitments amount 19,334 billion KRW through 15 social finance intermediaries across different regions of Korea. Check out further information on SVS' various activities, portfolios and interviews with individual social economy enterprises that have been benefited from the programs. SVS INVESTMENTS
AND LOANS  Matching fund for the energy coop’s self-sufficient project (Aug) SVS supports the Federation of citizens’ energy cooperatives’ solar photovoltaic project. SVS will provide loans as matching funds to the fund mobilized by the federation (ratio 1:1.5). The project is expected to assist regional member coops’ efforts of generating carbon-neutral energy and enhancing energy self-sufficiency.  Matching fund for the citizen-led community ownership project (Jun) SVS supports the citizen-led community ownership project ‘Have it together cooperative’ which has 340 citizen members. The cooperative mobilized capital through crowdfunding platforms to purchase a complex that can accommodate local social economy organizations based in Mapo-gu, Seoul. MOU for fostering regional social finance ecosystems (22 Jun) SVS signed an MOU with various social finance intermediary organizations, labour unions based in Gyeongnam province and financial sector labour union fund 'Finance & service ubuntu' to foster regional social finance ecosystems.  MOU for the solar photovoltaic project blind fund (23 Apr) SVS signed an MOU for setting up a blind fund to finance SMEs to be benefited from solar photovoltaic projects. The fund is the first of its kind in Korea where innovative financial products enable SMEs to install solar panels on their idle factory roofs to generate sustainable solar energy t Launch of the CCVC urban regeneration fund (Mar) The CCVC urban regeneration fund in which SVS participated, had an inaugural meeting to announce the official launch of the fund. The fund will invest in social economy enterprises that involve in sustainable urban regeneration projects. The total amount of the fund is approx. 25billion KRW with a duration of 10 years.  Launch of the labour mutual aid association (27 May) SVS supported mutual initiative Poolbbang, officially launched as a labour mutual aid association with 15 member organizations including non-profit Foundations, labour unions and cooperatives in Korea. Through jointly pooled resources and mutual aids, Poolbbang will provide social security nets and capacity building programs for workers. SVS EVENT  GSEF 2021 social finance workshop SVS will organize a workshop session (7 Oct) at the Global Social Economy Forum (GSEF) 2021; one of the largest international gatherings of social economy actors and municipalities. The workshop session will discuss the ‘role of social finance and its future in the post covid19 era’ by inviting different types of leading global social finance organizations.  Social finance impact investment seminar (2 Jul) SVS hosted a social finance seminar for discussing the current status of the impact investment landscape in Korea at the ‘2021 Gwangju social economy fair’. Various leading social finance institutions ranging from wholesalers, impact accelerators, public agencies, private sector organizations shared their perspectives.  Investment progress reporting event (28 Jun) SVS hosted an event for reporting its 2020 project outcomes. Based on its recent publication on ‘SVS investment impact report’ last April, the event showcased various investments it made in collaboration with 15 social investment financial intermediaries, public/private sectors and local/ central governments in Korea.  OECD stakeholder impact consultation (27 May) SVS joined the OECD’s Global Action SSE(Social and Solidarity Economy) initiative. Through the stakeholder consultation meeting, SVS discussed various impact measurement methodologies which are being widely adopted and implemented by the private and public sectors in Korea.  Covid19 response program outcome reporting event (14 Apr) SVS in collaboration with the KOICA (Korea International Cooperation Agency), Merry Year Foundation and other partner social economy organizations in Korea, reported the successful outcomes of its international covid19 response program for social economy organizations based in developing countries. Korea Social Value and Solidarity Foundation Seoul YWCA(6F), 20 Myeongdong 11-gil, Jung-gu, Seoul, Republic of Korea T. 82 (0)2 2088 3288 F. 82(0)2 2088 3299    This newsletter is only sent to those partners who have a close connection with the Korea Social Value and Solidarity Foundation. |
