Jaejoon Park, CEO of Antock (left), and Jongik Lee, CEO of Korea Social Investment (right)
Korea Social Investment (CEO Jongik Lee) has announced that it will strengthen its social venture support and investment efforts through collaboration with fintech startup Antock (CEO Jaejun Park). On the 5th, Korea Social Investment stated that it will enhance its social venture support and investment by adopting the big data-based corporate analysis platform developed by Antock.
Antock has identified nearly 700,000 domestic corporate entities through its proprietary big data solution, Hubble Database, and automatically tracks and analyzes structured and unstructured data on individual companies. The system collects and analyzes up to 200 open data items, providing a comprehensive analysis of various aspects, such as business, technology, organization, certification, and investment, unlike traditional corporate inquiry services, which focus mainly on financial and credit information. This platform is designed to support important decision-making in assessing the future growth potential and value of companies.
Antock has been supplying the Hubble Database to financial investment institutions in need of company discovery and to various public organizations that track corporate support performance. Recently, it has signed service contracts with Woori Financial Group and Gyeongsangbuk-do Economic Promotion Agency.
Korea Social Investment plans to strengthen its collaboration with Antock through the introduction of this corporate analysis platform. By linking Antock’s big data capabilities with Korea Social Investment’s expertise in fostering and investing in social ventures, the two institutions believe they can create a more strategic model for discovering, nurturing, and investing in social ventures.
To this end, the two organizations recently signed a memorandum of understanding (MOU) and will cooperate in the following areas:
Jongik Lee, CEO of Korea Social Investment, said, “With Antock’s platform, we now have access to various detailed indicators to assess the growth potential and risks of social ventures. We will work to ensure more strategic discovery, collaboration, and investment in social ventures.”
Jaejoon Park, CEO of Antock Co., Ltd, stated, “Since our platform specializes in non-financial data, such as intellectual property, business activities, R&D participation, and bidding history, it allows for multi-dimensional analysis of companies in various fields. We hope that our platform will play a key role in the growing field of social ecosystem development and investment.”
Meanwhile, Korea Social Investment, established in 2012, is an impact investment firm and accelerator that provides management consulting, accelerating, and impact investing for social ventures and social enterprises. Since its establishment, the firm has provided approximately 70 billion KRW in financial support and management consulting, with backing from organizations such as Seoul City, Korea Electric Power Corporation, Kyobo Life Insurance, Audi Volkswagen Korea, and MetLife Insurance Foundation.
