Dunamu "Creates 8.2 Billion KRW in Social and Economic Value by Supporting Vulnerable Youth"

Blockchain and fintech company Dunamu announced on the 9th that it has created social value worth 8.2 billion KRW through the 'Next Steppers' fund for vulnerable youth.

On the 6th, Dunamu held a performance sharing meeting for Next Steppers at Community House Masil in Myeong-dong, Jung-gu, Seoul. The meeting discussed financial and asset formation support, roadmap mentoring, and financial education.

Next Steppers is a project that is part of Dunamu's ESG 'Youth' support initiative, aimed at alleviating debt burdens and aiding economic independence for low-income youth in welfare blind spots. Additionally, it provides mentoring related to finance and employment, as well as education on credit and debt management and fraud prevention.

Over the past three years, Dunamu has supported 1,000 vulnerable youth aged 19 to 34 through Next Steppers. Specifically, it assisted 636 financially distressed youth with 3.15 billion KRW in debt repayment and raised approximately 2.6 billion KRW in self-reliance funds to support 364 low-income youth. Furthermore, 86 professional mentors were matched with 527 youth, providing a total of 3,578 hours of mentoring.

According to the Korea Social Value Assessment (KSVA), the social and economic value achieved by Next Steppers over three years amounts to 8.2 billion KRW. This figure considers debt reduction, self-reliance fund formation, interest cost reduction, credit status improvement, and social ripple effects. The participating youths' credit scores improved by an average of 47.1 points, and awareness of the importance of financial management increased by 9.5%. Stress was reduced by 9.1%, and happiness levels increased by 9.7%, positively impacting the emotional stability of the youth.

The performance sharing meeting held on this day included thank-you messages from participating youth, interviews with stakeholders, and a talk concert, sharing the hopeful message of Next Steppers. It was also a time to reflect on the three-year journey with Next Steppers as a support for the present and a stepping stone towards the future for the youth, and to explore future development directions.