KCGI Womens Fund Give's 10 Million Won to 2 Women's Organizations

• KCGI Women's Fund chose WCD Korea and the Korea Women's Business Association for its first donations
• Each group received 10 million won
• This was the fund’s first official donation event

KCGI Women’s Fund announced on the 5th that it has selected the World Women’s Directors Association (WCD Korea) and the Korea Women’s Business Association as the first recipients of its donations, providing 10 million won to each organization.

The event, which took place a day earlier, marked the fund’s first official donation through its sponsorship program set up to support public interest organizations that promote women’s management participation and gender equality.

It said the fund intends to use 10 percent of its operation and sales remuneration for women's empowerment initiatives, public service projects, and the support of relevant organisations.

The two organisations were selected as the first beneficiaries following recommendations and a review by the supervisory director of the fund.

WCD Korea was established in 2016 as the Korean branch of the global WomenCorporateDirectors network, connecting women directors worldwide.

With its initial slate of 40 registered and external women directors, the Korean branch now has an approximate membership of 180.

The organization works to bring more women into corporate boards in Korea and helps to promote diversity, equity, and inclusion in management. It reflects the fund's objective to enhance women's decision-making and increased participation in business leadership positions.

KOBWA represents women entrepreneurs and economic leaders in Korea in order to improve the business environment for women-led companies and further encourage more active participation of women in management.

This is achieved through networking, business support, and educational programs for women's economic activities. It was selected as a recipient because its purpose aligns well with the fund's goal of advancing gender equality and increasing leadership roles for women.

KCGI Women’s Fund is currently the only fund in Korea that focuses on promoting gender equality and women’s participation in management, maximizing both social value and investor returns.

The performance of the fund has improved since the revision of its investment strategy last year to focus on women's economic decision-making.

Its distributors include KB Kookmin Bank, Woori Investment & Securities, KB Securities, Meritz Securities, Hanwha Investment & Securities, and KCGI Asset Management.

"KCGI Women's Fund is a symbolic initiative that supports women's economic empowerment and promotes social diversity," said Cho Won-bok, CEO of KCGI Asset Management. "With the first donation, we hope to further encourage women's participation in management and advance the value of gender equality across society."