Andis Partners and Impact Foundation (Honghap Valle Foundationy) are delighted to announce the signing of a Memorandum of Understanding (MOU) to invest in startups focused on social impact. This agreement lays a solid groundwork for both entities to cooperatively scout and invest in promising startups, aiming to deliver both social value and financial performance.

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The MOU details a broad spectrum of collaborative endeavours including the discovery of startup companies, technical advising, network connections, attracting foreign investments, and supporting global scale-ups. This joint venture is dedicated to fervently nurturing startups that drive social impact.

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Kyung Hwan Koh, Chairman of Impact Foundation, said “This partnership represents a substantial opportunity for our foundation too. Working alongside Andis Partners, we aim to breathe fresh life into the entrepreneurial ecosystem and lay down robust pillars for the growth of social enterprises, both locally and globally.”

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Sean Jeon, CEO of Andis Partners, said “We believe that every investment must contribute to social impact, with the confidence that enterprises driving positive societal changes can indeed achieve financial success. Through our partnership with the Impact Foundation, we aspire to forge a virtuous cycle that concurrently advances social impact and financial benefits.”

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The signing of this MOU marks the beginning of a robust collaboration, set to invigorate and sustainably evolve the entrepreneurial ecosystem. Andis Partners and Impact Foundation are dedicated to working closely together to secure investments that embody both social value and solid financial returns.