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A dependable partner of Soc ial Economy Korea Social Enterprise Promotion Agency

Korea Social Enterprise

Four Types of Social Economy Enterprises

Social enterprise

An entity certified as prescribed in Article 7 of the Social Enterprise Promotion Act to be the one that pursues social objectives aimed at enhancing the quality of life of community residents by providing vulnerable social groups with social services or job opportunities or by contributing to communities while conducting its business activities, such as the manufacture or sale of goods and services.
  • Legal basis

    Social Enterprise Promotion Act (2007)

  • Regulatory body

    Ministry of Employment and Labor

Cooperative

A business entity voluntarily formed, collectively owned and democratically operated by members sharing needs. A social cooperative is a non-profit-driven cooperative, formed to conduct business activities related to improving rights, interests and welfare of community residents or to provide social services or employment to vulnerable social groups.
  • Legal basis

    Framework Act on Cooperatives (2012)

  • Regulatory body

    Ministry of Economy and Finance

Community company

A village-based enterprise established and operated by community residents to solve common regional problems through profit projects using various local resources and effectively realize the interests of the local community through income and job creation.
  • Legal basis

    Special Act on Promotion and Support for Urban Regeneration (2011)

  • Regulatory body

    Ministry of Interior and Safety

Self-sufficiency company

A company operated by one or more welfare recipients or low-income residents in the form of a producer cooperative or joint business, using the skills acquired through self-sufficiency work programs at local self-sufficiency centers.
  • Legal basis

    National Basic Living Security Act(2012)

  • Regulatory body

    Ministry of Health and Welfare

Current status of social economy enterprises (as of 2019)

Current status of social economy enterprises - Type of Enterprise, Number of Enterprises
Type of Enterprise Number of Enterprises
2016 2017 2018 2019
Social enterprise 1,713 1,877 2,122 2,435
Cooperative 10,331 12,356 14,550 16,846
Village company 1,377 1,442 1,514 1,592
Self-sufficiency company 1,186 1,092 1,211 1,176
Total 14,607 16,767 (14.8% ↑) 19,397 (15.7%↑) 22,049 (13.7%↑)