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Development of Social Business in Korea

In: Solidarity Economy and Social Business

Author

Listed:
  • Ki-Hueng Kim

    (Chungnam Development Institute)

Abstract

In Korea, the participation of social enterprises is actively practiced through enacting the Social Enterprise Promotion Act of 2007. To be a social enterprise, an organization must be certified by the Minister of Employment and Labor according to the Social Enterprise Promotion Act. The Korean government promoted making the Social Enterprise Promotion Ordinances appropriate to each locality by each local government based on the Social Enterprise Promotion Act. Heuksalim is promoting several social activities such as the urban agriculture project to strengthen the solidarity with urban consumers and traditional seed preservation as a local resource.

Suggested Citation

  • Ki-Hueng Kim, 2015. "Development of Social Business in Korea," SpringerBriefs in Economics, in: Noriatsu Matsui & Yukio Ikemoto (ed.), Solidarity Economy and Social Business, edition 127, chapter 0, pages 95-106, Springer.
    • Handle: RePEc:spr:spbchp:978-4-431-55471-4_10
    DOI: 10.1007/978-4-431-55471-4_10
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