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[THE INVESTOR] SK Group said on July 8 that it will provide 12.5 billion won (US$10.8 million) for young entrepreneurs to help initiate social enterprises through a management program over five years.
SK signed a memorandum of understanding on July 8 with the Korea Advanced Institute of Science and Technology to groom a second group of entrepreneurs through the institute’s MBA program.
The SK-KAIST program was launched in 2012 with 9.5 billion won from the business group for a five-year curriculum. The first group of graduates had 34 enrollees, of which 31 started their own businesses. Eight of them received an investment of 1.1 billion won. The average age of these CEOs is 31.6, according to SK.
The fund from SK Group is used for scholarships, overseas education and research to help the students start social enterprises immediately after graduation.
The company said the group chairman, Chey Tae-won, pledged steady support for the program, stressing that young businessmen need to actively participate in solving social issues.
(theinvestor@heraldcorp.com)
SK signed a memorandum of understanding on July 8 with the Korea Advanced Institute of Science and Technology to groom a second group of entrepreneurs through the institute’s MBA program.
The SK-KAIST program was launched in 2012 with 9.5 billion won from the business group for a five-year curriculum. The first group of graduates had 34 enrollees, of which 31 started their own businesses. Eight of them received an investment of 1.1 billion won. The average age of these CEOs is 31.6, according to SK.
The fund from SK Group is used for scholarships, overseas education and research to help the students start social enterprises immediately after graduation.
The company said the group chairman, Chey Tae-won, pledged steady support for the program, stressing that young businessmen need to actively participate in solving social issues.
(theinvestor@heraldcorp.com)
