August 27, 2021 – With active support and engagement from its members, the Impact for Breakfast (IFB) Policy Working Group continued its monthly discussions to identify key barriers and opportunities in Korea’s ESG and impact investment landscape. 

Since its inaugural meeting in May 2021, the Working Group has gathered an average of 20 members across different sectors for in-depth monthly conversations, providing civil society and private sector inputs to the Korean government. Key topics of discussion included data, standards, and reporting guidelines like the role of the public sector in funding, diversifying the investor base, and measuring impact. In addition, each member shared their own experiences and insights and discussed benchmarking best practices worldwide. 

In selected sessions, the Working Group invited relevant personnel, including the director of K-ESG development from the Korea Productivity Center (KPC) and Korean Representative for Global Steering Group for Impact Investment, led by G20. 

The Working Group will continue its monthly discussions through the remainder of 2021 and expects to share its set of policy recommendations with high-level policy bodies such as the National Assembly. 

IFB is an informal global network of 2,000+ members with family offices, foundations, funds, venture philanthropy, and intermediary organizations interested in social enterprise, entrepreneurship and impact investing. The Asia Foundation Korea is the Chapter Manager for IFB Seoul, along with the founding members, MYSC and The Wells Investment. For more information, please see here:  https://impactforbreakfast.com/.