REVATION Inc., a provider of eco-friendly packaging solutions (CEO: Minseong Lee), generated approximately 240 million KRW in social value during the year 2024. 

This achievement was recognized through the company’s participation in the “2025 Social Progress Credit (SPC)” program, jointly organized by the Seoul Metropolitan Government and SK Group to promote social value creation and ensure stable growth for participating companies.

REVATION is a startup offering sustainable packaging solutions using biodegradable materials and recycled resources. It focuses on addressing environmental and community issues through ESG-based product and process innovation. By developing paper-molded packaging and bioplastic products, the company has established a business model that replaces conventional plastic packaging while pursuing both environmental and commercial value.

According to the SPC report published by the Seoul Metropolitan Government and the Center for Social Value Enhancement Studies, REVATION made notable contributions in reducing environmental pollution and conserving resources. 

The monetary value of these contributions was assessed at approximately 240 million KRW.

This result stands out when compared with other participating organizations.

The total social value created by 14 SPC-participating companies in 2024 was around 2.7 billion KRW, of which environmental contributions amounted to only 20 million KRW—just 0.9% of the total. In contrast, REVATION alone generated social value worth 240 million KRW, about 12 times the environmental contribution of all participants combined. This highlights the company’s tangible impact not only in carbon reduction but also in waste substitution and establishing a resource-circulating model based on regional cooperation.

According to the CES Impact Report, REVATION also recorded a Social Value (SV) revenue ratio approximately 1.5 times higher than the average among social enterprises with similar revenue.

A REVATION representative stated, “This was a reaffirmation that creating social value is a key driver of our company’s growth,” and added, “We will continue to proactively respond to global climate and environmental challenges through eco-friendly packaging transition solutions.”

Meanwhile, the Seoul Metropolitan Government signed an MOU with SK Group in 2023 to promote inclusivity and social value, launching the SPC initiative for about 30 social economy enterprises between 2025 and 2027. The Seoul Social Economy Center manages the project, and participating companies receive annual incentives proportional to their measured social value. 

REVATION plans to strategically leverage these values in future investment, customer engagement, and public sector projects.

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