Supporting Projects: Jinggunet's Table, Nabi Phone, Goods Featuring Dokdo

Wadiz recently announced it will conduct crowdfunding projects that realize social values amid growing attention to job creation methods through activation of social enterprises.

The government recently defined social economy, which realizes public values, as a "repository of new job opportunities" and announced plans to actively support the activation of social enterprises. Aligned with such policy direction, public projects pursued by people seeking "Social Impact" that transforms society as a whole through ideas are receiving attention.

Jinggunet's Table, which operates a social dining community, is conducting a funding project to address dietary issues for single-person households by remodeling rooftop space to create a shared kitchen. Young single-person household residents gather here to share jointly purchased food or cook and eat together, conducting regular social dining meetings, and the space is planned to be utilized as a community meeting venue for local residents and youth. This project is meaningful in strengthening local networking by providing offline space for young single-person households and local residents.

Nabi Phone is conducting funding that leads rational consumption trends through resource recycling by upcycling used smartphones into high-quality refurbished phones. Given that approximately 10 million mobile phones are replaced annually in South Korea, this is a meaningful project that prevents resource waste and reduces social costs. Nabi Phone achieved over 700% of the target amount in its first funding round conducted last July, successfully completing the project. The second funding round targets 2.59 million won in collection and runs through November 13.

Goods Featuring Dokdo is a project that allows remembrance of Dokdo anytime and anywhere through goods incorporating Dokdo designs into everyday products. The Dokdo goods consist of vintage-style badges engraved with Dokdo aerial views and eco-bags uniquely expressing Dokdo through line art. The reward funding proceeds will be used to develop tourism products representing South Korea, and the rewards are planned to be showcased worldwide through the 2018 PyeongChang Winter Olympics. Currently achieving 100% of the funding target, the project plans to deliver 50 Dokdo badges to the Ministry of Foreign Affairs.

Choi Dong-chul, Vice President of Wadiz Growth Business Division, stated, "As the government recently actively supports the growth of social enterprises, interest in so-called 'ethical companies' that create good societies is growing," adding, "Accordingly, Wadiz will contribute to enabling public projects in various fields to create social values together with more supporters."