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Industry
SK finalises nine companies for SK Impact Booster with Happynarae
SK is moving to formalise business cooperation with social ventures that have moved beyond the early startup stage. Social enterprise Happynarae, founded by SK, confirmed nine companies for the first SK Impact Booster cohort and held an orientation on July 21 at SK Seorin Building in Seoul. Selected firms will receive 10 million won in support, with up to 60 million won more for PoC projects if they work with SK affiliates.
Industry
SK to invest 1.4 trillion won to strengthen mutual growth with partners
SK signed a mutual growth agreement with partner companies and will expand its shared growth culture to second- and third-tier suppliers. The group held a signing ceremony at SKT Tower in central Seoul with seven affiliates and about 100 partner firms. Measures include improved payment terms, better trading practices, and expanded R&D and financial support. SK Hynix will inject 1.4 trillion won in new funds to strengthen the semiconductor ecosystem.
Industry
SK launches Impact Booster to help social ventures scale up
SK said on Wednesday it will launch a scale-up support programme, Impact Booster, for social ventures at the growth stage. The programme targets social ventures that have moved beyond Pre-A funding and entered Series A or B rounds, before an IPO. SK plans to select about 10 companies a year, offering business cooperation with key affiliates and up to 70 million won in support, provided in phases based on progress and collaboration projects.
