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SK Innovation signed the “Vietnam Social Enterprise” memorandum of understanding (MOU) with the state news outlets, Yonhap News Agency\u00a0(Yonhap News) and Vietnam News Agency (VNA), on February 18 to provide greater support toward the restoration of mangrove forests and social enterprises in the region.<\/span><\/p>\n <\/p>\n The signing ceremony was attended by Cho Sung-boo, CEO of Yonhap News; Nguyen Duc Loi, general director of VNA; and\u00a0Lim Soo-gil,\u00a0Head\u00a0of SK Innovation PR Office. Under this MOU, Yonhap News\u00a0and VNA will help to promote the PR efforts in the region to assist the social enterprises and mangrove restoration efforts.<\/span><\/p>\n <\/p>\n SK Innovation\u00a0will join\u00a0the Vietnam Social Value Alliance, which has about 12\u00a0member organizations, including Yonhap News and VNA, to establish a social enterprise in late March, which will serve as the focal point of their efforts in fundraising and other activities required for the Mangrove Reforestation Project.<\/span><\/p>\n <\/p>\n Until last November, SK Innovation has already signed an MOU with the Tr\u00e0 Vinh Province Department of Planning and Investment, Tr\u00e0 Vinh University, UN Environment Programme (UNEP), Dream Sharing Social Cooperative, and other regional government, educational institutions, and nongovernment organizations (NGOs).<\/span><\/p>\n <\/p>\n <\/p>\n This social enterprise will take over the operations of the Mangrove(1)<\/sup>\u00a0Reforestation Project, which began last year under SK Innovation,\u00a0witch activities\u00a0including raising mangrove saplings and developing tangible and intangible contents related to mangrove forests. <\/p>\n As one of the supported themes by the SK Innovation\u2019s 1% Happiness Sharing Fund(2)<\/sup>, the Mangrove Restoration Project aims\u00a0to support\u00a0acitivities related to the restoration of mangrove forests in Vietnam such as\u00a0mangrove saplings planting in Tra Vinh Province and\u00a0mangrove research at Ho Chi Minh City University of Technology. <\/p>\n SK Innovation has already planted 35,000 saplings over the course of 3 volunteer events involving its members and the residents of Tr\u00e0 Vinh Province in an area nearly 110,000m2<\/sup> wide.<\/span><\/p>\n <\/p>\n \u25b2 SK Innovation employee volunteers take part in the 3rd Mangrove Voluntary Planting <\/span><\/p>\n <\/p>\n Once the social enterprise is established, it will generate significant environmental values by helping to mitigate the effects of climate change through the mangrove forest\u2019s excellent carbon storage capacity. Furthermore, it is expected to contribute toward greater social values as well by creating new jobs.<\/span><\/p>\n <\/p>\n \u201cThis agreement brings the representative news agencies of two countries together not only for supporting the job creation and environmental restoration efforts in Vietnam but also opening a new chapter in media diplomacy,\u201d Yonhap News\u00a0CEO Cho Sung-boo said.\u00a0He continued, \u201cWe will take on that responsibility with the best of our abilities.\u201d<\/span><\/p>\n <\/p>\n General Director Nguyen Duc Loi of VNA has also commented, \u201cThis MOU will be a milestone in the acceleration of Vietnam-Korea relationship.\u201d He stated that \u201cthrough our cooperation with Yonhap News Agency, we will work hard to expand the horizons of media diplomacy between the two countries.”<\/span><\/p>\n <\/p>\n \u201cAfter planting 35,000 mangrove saplings in Vietnam last year, we decided to actively participate in the establishment of this social enterprise because we felt the need to take action in environmental matters,\u201d Head of SK Innovation PR\u00a0Office Lim Soo-gil\u00a0said.\u00a0\u201cThe participation of the representative media agencies of the two countries will certainly give a much-needed boost to this project.\u201d<\/span><\/p>\n <\/p>\n SK Innovation plans to expand its efforts in generating social value in Vietnam by expanding the membership of the Vietnam Social Enterprise Alliance to regional government agencies, national universities, business partners, and NGOs.<\/span><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" SK Innovation signed the “Vietnam Social Enterprise” memorandum of understanding (MOU) with the state news outlets, Yonhap News Agency\u00a0(Yonhap News) and Vietnam News Agency (VNA), on February 18 to provide greater support toward the restoration of mangrove forests and social enterprises in the region. The signing ceremony was attended by Cho Sung-boo, CEO …<\/p>\n","protected":false},"author":2,"featured_media":546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,64,3,56,55,1632],"tags":[24,15,75,77,36,100],"jetpack_featured_media_url":"https:\/\/skinnonews.com\/global\/wp-content\/uploads\/sites\/2\/2020\/02\/190218_\ubca0\ud2b8\ub0a8MOU\ubcf4\ub3c4\uc790\ub8cc_\uba54\uc778_\uc378\ub124\uc77c.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/peWInv-8K","_links":{"self":[{"href":"https:\/\/skinnonews.com\/global\/wp-json\/wp\/v2\/posts\/542"}],"collection":[{"href":"https:\/\/skinnonews.com\/global\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skinnonews.com\/global\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skinnonews.com\/global\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/skinnonews.com\/global\/wp-json\/wp\/v2\/comments?post=542"}],"version-history":[{"count":7,"href":"https:\/\/skinnonews.com\/global\/wp-json\/wp\/v2\/posts\/542\/revisions"}],"predecessor-version":[{"id":5495,"href":"https:\/\/skinnonews.com\/global\/wp-json\/wp\/v2\/posts\/542\/revisions\/5495"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/skinnonews.com\/global\/wp-json\/wp\/v2\/media\/546"}],"wp:attachment":[{"href":"https:\/\/skinnonews.com\/global\/wp-json\/wp\/v2\/media?parent=542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skinnonews.com\/global\/wp-json\/wp\/v2\/categories?post=542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skinnonews.com\/global\/wp-json\/wp\/v2\/tags?post=542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"http:\/\/skinnonews.com\/wp-content\/uploads\/2019\/02\/190218_\ubca0\ud2b8\ub0a8MOU\ubcf4\ub3c4\uc790\ub8cc_\uc0ac\uc9c4_1.jpg\")
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\n<\/span>(1) Mangrove: A tree that grows in tidal flats or river estuaries in subtropical or tropical regions. It is known for its outstanding carbon storage capacities and is thought to be effective as a means of response to global climate change. Despite playing a very important role in the coastal ecosystem and flood mitigation, unrestrained development has significantly damaged the mangrove forests of Vietnam.<\/span><\/em><\/span><\/p>\n
\n<\/span>(2) 1% Happiness Sharing Fund: A matching grant fund that adds together the voluntary donation of SK Innovation employees (1% of their base pay) and the grant matched by the company in 1:1 ratio to support partner companies, vulnerable groups, and global corporate social responsibility activities.<\/span><\/em><\/span><\/p>\n![\"\"](\"https:\/\/skinnonews.com\/wp-content\/uploads\/2019\/02\/190218_\ubca0\ud2b8\ub0a8MOU\ubcf4\ub3c4\uc790\ub8cc_\uc0ac\uc9c4_2.jpg\")
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