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As a sourcing and procurement service company founded by SK, Happynarae uses its entire revenue in supporting and connecting social enterprises to generate social value.
Sourcing & procurement service business that reduces the cost of purchase for clients and increases efficiency and transparency in major industries such as semiconductors, IT, energy chemical, construction, and logistics (Global sourcing & procurement services implemented in Korea, China, Hungary, and United States)
- SOVAC Market, product competitiveness reinforcement project, sales route creation project including connection to external channels to sell the products of social enterprises
- Social venture project such as KAIST Social Entrepreneurship MBA, Impact Unicorn, and Impact Investment Fund to nurture social entrepreneurs and enterprises
- Happy alliance project by the combined force of companies, government, and individual donors to let no one go without a meal in Korea
- Social Value Connect project that expands the base of social value through connections such as SOVAC, Pro Bono, and SE Consultant
- Headquarters : 89-31, Seosomun-ro, Jung-gu, Seoul, Republic of Korea
- China: Suzhou, Chongqing, Wuxi
- Hungary: Budapest
- United States of America: Georgia
2000 Started business (Affiliated with America's largest Industrial Supplier 'W.W Graninger')
2011 Declared transition to social enterprise
2012 Changed company name to ‘Happynarae Co., Ltd.’
Priority purchase from social enterprises and start hiring the vulnerable
2013 Obtained social enterprise certification from the Ministry of Employment and Labor (No. 2013-067)
Established a subsidiary in Suzhou, China (Launching business in China)
2014 Awarded the 2014 Presidential Award (Contribution to fostering social enterprises)
2015 Established Chongqing Corporation in China
2016 Started support for KAIST SE MBA, Social Performance Incentive (SPC)
SCM operation system advancement (HAVIS open)
2018 Started to invest in social enterprise fund
2019 Launching 2019 Happy Alliance/ Probono Business
2020 Launching 2020 Impact Unicorn Alliance Model
2021 Established a subsidiary in Georgia, America (Launching business in America)
Established a subsidiary in Budapest, Hungary (Launching business in Hungary)
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