Revation (CEO Minseong Lee), a one-stop solution company for eco-friendly packaging development, announced on the 10th that it won the grand prize 

at the 'Honghap Valley Impact-Up 7th Batch' Demo Day, organized and operated by the Honghap Valley Foundation.

A representative stated, "Honghap Valley, in collaboration with Kyobo Life, the Life Insurance Social Contribution Committee, and the Ministry of Environment, 

recruits ESG impact entrepreneurs and encourages the participation of impact companies that can create social value." 

They continued, "Revation's core service, 'RESTUDIO,' is a B2B eco-friendly packaging solution that reduces plastic packaging usage and helps companies achieve carbon neutrality through eco-friendly materials. 

The 'RESTUDIO' service offers a one-stop solution encompassing design, material R&D, production, and delivery, expanding in line with global trends that prioritize sustainable development and social responsibility."

The representative also explained, "Since 2021, Revation has been commercializing its services with various companies. 

As of May 2024, it has achieved a cumulative carbon reduction of 29,038t CO2e through the reduction of plastic packaging production and 

has been recognized as a 'social venture company' that solves social problems with innovative technology."

They emphasized, "By winning the grand prize at this Demo Day, Revation will receive various benefits, including connections with ESG experts, 

opportunities to present at the Impact-Up Summit, consideration for investment from outstanding companies, 

provision of meetup spaces, support for overseas expansion, and recommendations for business partnerships with Kyobo Life."

Additionally, a Livation representative added, "Through the Honghap Valley program, 

we will lead social contribution activities to achieve the shared goal of carbon reduction and take the lead in implementing as an excellent ESG startup in Korea."