The Korea Herald


Samsung establishes first social enterprise

By Cho Ji-hyun

Published : Feb. 24, 2011 - 19:14

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Samsung Group established its first social enterprise in downtown Seoul on Thursday.

The enterprise called the “Hope Network” will hire about 70 teachers and offer education services to about 1,000 children from underprivileged families, company officials said.

It will start with the children registered in 30 different study rooms in the regions of Seoul and Gyeonggi Province.

The instructors, who have experience in the sectors of social welfare, consulting and cultural arts, will teach them classes on humanities and offer projects to bring hope and nurture their talents, as well as caring programs.

Samsung Group announced last October that it will build seven social enterprises here for a three-year term to support underprivileged families.

The country’s top conglomerate plans to establish two more similar social enterprises by next year.