social economy Archives | Be Korea-savvy

State-Owned Land to Support Social Enterprises

SEOUL, Jul. 23 (Korea Bizwire) — The central government in association with the ruling Democratic Party of Korea said it would continue to advocate for the creation of new jobs for the nation’s youth by nurturing so-called “social economy” ventures. The social economy is formed by a diversity of social actors that place importance [...]

Government to Create 300 Billion Won Support Fund for Socially Responsible Financial Companies

SEOUL, Feb. 9 (Korea Bizwire) — The government has announced plans to set up a 300 billion won support fund for socially responsible financial companies and cooperatives. A number of government branches reached an agreement on the proposal during a meeting on Thursday, including the Office for Government Policy Coordination, the Financial Services Commission, the Ministry [...]