On July 1, Dunamu announced that it has signed a memorandum of understanding (MOU) with the Credit Recovery Commission and Together We Create World for a comprehensive recovery support project for financially vulnerable individuals, called the Upbit Next Series: DIDIM.
As a sponsor, Dunamu will propose the project direction and donate a total of 4.5 billion won worth of Bitcoin (BTC) over three years, contributing 1.5 billion won annually to Together We Create World. The Credit Recovery Commission will provide operational advice and publicity, while Together We Create World will handle overall project management.
The Upbit Next Series is a key ESG initiative aimed at empowering youth through financial support. Through the Next Steps program, 1,110 participants received approximately 5 billion won in financial support and consulting by May, while 910 individuals benefited from about 1.6 billion won through the Next Dream program. These efforts have helped reduce participants' debt and increase their earned income, achieving a debt adjustment maintenance rate of up to 91.1%.
Building on the success of previous initiatives, Dunamu is launching the new DIDIM Project, which integrates and enhances the first season's efforts. The project will run for three years starting this year, with an expanded budget and support scale, broadening its focus from youth to include middle-aged and older adults.
The DIDIM Project aims to assist approximately 2,100 financially vulnerable individuals aged 19 to 59 by providing up to 3 million won for debt repayment, up to 1.5 million won for living expenses, and interest-free loans of up to 3 million won.
Additionally, Dunamu will expand its team of financial mentors to offer mandatory one-on-one tailored mentoring, financial education, and counseling based on participants' financial situations. The company aims to not only provide financial assistance but also enhance financial capabilities to break the cycle of debt. Furthermore, it plans to establish a 'fund circulation structure' that utilizes repaid funds as new support resources, enhancing the project's sustainability.
Oh Kyung-seok, CEO of Dunamu, stated, "Based on our experience in supporting the financial independence of youth, we aim to expand the social safety net to include middle-aged and older adults through this DIDIM Project. We will actively support financially vulnerable groups to establish a sustainable financial cycle beyond one-time assistance."
* This article has been translated by AI.
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