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Social Economy and Public Policy Development: A South Korean Case

Eun Ae Lee, Young-Sik Kim, September 2013

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Summary :

This paper highlights the development of social economy in Korea during recent decades. Emphasis of the research lies on public policy developments specific to the social economy in Korea. It provides an overview of how social economy is conceptualized, how it developed in Korea, and what role it plays in public policy as an innovative approach to solve Korea’s socio-economic problems. The paper is broadly divided into three main sections. The first section illustrates the state of Korean social economy, pointing out its unique features from historical context. Then process and structure for developing and implementing public policies for Korean social economy are described. Finally, impact and issues of current policies are discussed, with some policy suggestions.

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