Policy Brief

Study of Social Entrepreneurship and Innovation Ecosystems in South East and East Asian Countries – Country Analysis: Republic of Korea

26 July 2017

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This South Korean country analysis is part of a series on the social entrepreneurship and social innovation ecosystems in Asian countries including China, Japan, South Korea, Singapore, Thailand and the Philippines. The comparative study provides a global analytical framework on characteristics, trends, challenges and lessons learnt for building a supportive social enterprise ecosystem that leads social innovation in the different focus countries. According to this report, South Korea has the most advanced policy environment for social enterprises in the region. While the certification system demonstrates the South Korean government’s strong commitment to promoting social enterprises, it comes with adverse effects. Some criticize that the directly subsidizing social enterprises’ personal expenses is damaging their sustainability. The key risk of the South Korean ecosystem is its dependency on the government. It is vital that the ecosystem continues to evolve with a more diversified set of players across different sectors, including the business sector, with capacities and resources to support social enterprises.

References

A. Environmental Stewardship
To protect the environment, we organize programmes like mangrove nursery and Reforestation, Coastal and River Clean-Up, Community Based Environmental Solid Waste Management, Environmental IEC Campaign and Eco-Academy

B. Food Security and Sustainable Livelihood
To ensure a sustainable livelihood for the community, eco-tourism include Buhatan River Cruise Visitor Center Buhatan River Mangrove Boardwalk are run by the community. Others include Organic Vegetable and Root crops Farming, Vegetable and Root crops Chips and by-products Processing and establishing a Zero waste store.

C. Empowered Communities
To empower the community, we provide product and Agri-Enterprise Development Training, Immersion and Learnings Exchange Program, Earth Warrior Training and Community Based Social Entrepreneurship Training

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