(From Left to Right: Robert Kraybill, Managing Director of IIX; Jongick Lee, CEO of KSIF)
SINGAPORE, 16 November, 2017—Impact Investment Exchange (IIX) and the Korea Social Investment Foundation (KSIF, Impact Factory) signed a memorandum of understanding (MOU) in the Republic of Korea on November 10th to advance impact investing in Asia and the Pacific. KSIF, a pioneer of impact finance in Korea, and IIX, a leader of impact investing, will leverage their combined networks and expertise to magnify social and environmental impact for sustainable development and empower marginalized people across the region.
“Collaboration is key to unlocking the potential of impact investing,” expressed Robert Kraybill, Managing Director of IIX. “IIX is thrilled to join forces with the Korea Social Investment Foundation and explore a range of joint projects which will support innovative financing for development and vitalize the impact investing ecosystem across Asia and the Pacific.”
Mr. Jongick LEE adds, “Through this MOU, we will actively conduct joint researches and projects with the IIX for the development of the impact investment between Korea and Singapore. I believe the activities will contribute to strengthening the impact investment ecosystem and network in Asia”
About IIX: Impact Investment Exchange (IIX) is a Singapore-based impact enterprise that builds pathways to connect backstreets of underserved communities to the Wall Streets of the world through impact investing. IIX investment platforms and innovative financial products enable impact enterprises to accelerate their business and scale their positive impact, while pushing the impact investing space from the margins to the mainstream. To date, the work of IIX has spanned 20 countries and continues to expand with the mission of unlocking US$1.7 billion of impact investment capital, impacting 100 million lives by 2022.
About Korea Social Investment Foundation (Impact Factory): Korea Social Investment Foundation is a Seoul-based non-profit organization which is a pioneer of impact finance in the Republic of Korea that has provided financial services and business consulting for impact enterprises and social projects at a size of USD 60million. The organization supports impact finance strategies and fosters partnerships that promote sustainable development with a greater vision of forming a unified body to overcome current social challenges facing the country and surrounding nations.
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