Sampyo Group Participates as Sponsor in Social Venture Innovation Competition for Third Consecutive Year

Eco SCT, a Waste-Resource Recovery Solutions Company, Receives the Sampyo Shared Innovation Award

Sampyo Group has participated as a sponsor in the social venture awards ceremony for three consecutive years, providing business development funding to award-winning companies.

Sampyo Group presented the Sampyo Partnership Innovation Award to a social venture at the awards ceremony for the 10th Social Venture Innovation Contest, held on the 23rd at Under Stand Avenue in Seongsu-dong. Yoo Yongjae, executive director of social contribution at Sampyo Group (third from left), and Seongdong District Mayor Yoo Bohwa (fourth from left) pose for a commemorative photo with the award recipients. Sampyo Group

Sampyo Group said on October 29 that it presented the Sampyo Shared Innovation Award to social venture Eco SCT and provided it with business development funding at the 10th Social Venture Innovation Competition awards ceremony, held on October 23 at Understand Avenue in Seongsu-dong, Seoul.

Now in its 10th year, the Social Venture Innovation Competition is a program that discovers and nurtures social ventures that create social value through innovative business models. It selects companies nationwide that have been in business for no more than seven years and have presented creative business models, and provides them with business development funding. Sampyo, KT&G, and Musinsa participated as sponsors.

Sampyo Group has supported the growth of social ventures since joining the competition as a sponsor in 2024, making this its third year of support. This year's award recipient, Eco SCT, is a waste-resource recovery solutions company that was recognized for its high-quality raw-material production technology using recycled waste plastic. Sampyo Group plans to provide 5 million won in business development funding to support the advancement of Eco SCT's technology.

Seongdong District Mayor Yoo Bohwa said, "I thank Sampyo Group for once again joining us this year in supporting the growth of social ventures," adding, "We will continue to do our utmost to help social ventures tackling social problems grow sustainably."

Yoo Yongjae, executive director of social contribution at Sampyo Group, said, "It is meaningful to have taken part in the Social Venture Innovation Competition for the third year and to have met companies taking on the challenge of solving social problems," adding, "We will continue to support the growth of social ventures that create social value through innovative ideas."

This content was produced with the assistance of AI translation services.