Senior workforce agency signs MOUs with six social ventures to create jobs for older workers

The Korea Senior Human Resources Development Institute signed memorandums of understanding with six social venture companies Thursday at Dalgaebi Conference in Jung-gu, Seoul, to create jobs for senior citizens.

The six participating social venture firms are Urban Bees Seoul, Triplanet, Bluebird C, Beside Me, Arip & Wirip and EasyTask.

The agreements aim to combine innovative private-sector technology and business models with senior employment programs, addressing social challenges while generating sustainable jobs for older workers.

Under the MOUs, 25 senior participants will be placed at the respective social venture companies for three months starting in September, contributing in the environmental, social and governance (ESG) domain based on their individual areas of expertise.

The initiative is part of a pilot program under the senior employment and social activity support project designed to leverage the capabilities of older workers. It is set to expand based on evaluations by stakeholders and participants, as well as satisfaction surveys.

Kim Su-yeong, president of the Korea Senior Human Resources Development Institute, said the agreement "will serve as a model case for directly creating jobs that address social problems in the ESG domain through collaboration with social venture companies." He added that the institute would "continue to expand private-sector cooperation models so that the experience and capabilities of older adults can translate into social value creation."