Samsung launches social enterprises

Samsung Group, Korea’s top business conglomerate, will establish seven social enterprises over the next three years to support the underprivileged as part of itscorporate social responsibility campaign, the company said Wednesday.

The social enterprises will support multicultural families in rural areas, education and child care and the employment of people with disabilities. The firm will launch a youth training center for those who want to set up their own business. 

Samsung is planning to invest 20 billion won ($17.9 million) in the project, which it expects to create about 400 jobs.

“Samsung will actively commit to corporate social responsibility to communicate and grow with the neighbor society,” said Lee Chang-Ryeol, president of Samsung Corporate Citizenship, the company’s volunteer group, in a press conference.

The plan includes establishing social enterprises in Eumseong County, North Chungcheong Province as a base, where a large number of immigrant women formed families through marriage to Korean men. 

Samsung president of corporate citizenship Lee Chang-ryeol Yonhap News