Impact Policy Tracker Policy

Korea Social Enterprise Promotion Agency (KoSEA)



Mandated by Article 20 of the Social Enterprise Promotion Act and established in December 2010 under the Ministry of Employment and Labour, the Korea Social Enterprise Promotion Agency (KoSEA) plays a central role in advancing the social economy in the Republic of Korea. The Agency helps social economy entities, such as social enterprises and cooperatives, by providing commercialisation support, consulting services, and facilitating the development of social economy networks.



Highlights

  • Comprehensive Support for the Social Economy: KoSEA designs and implements a comprehensive suite of programmes that combine direct support for Social Economy Enterprises (SEEs) with broader ecosystem-building efforts. This includes mentorship and training, access to finance through crowdfunding and investor matchmaking, and market linkage support via preferential procurement schemes, among others. Beyond enterprise-level interventions, KoSEA fosters enabling conditions by strengthening local intermediaries, facilitating national and international knowledge exchange, and offering tailored educational programmes for youth, educators, and practitioners. As the implementing agency of Korea’s Fourth Master Plan for the Promotion of Social Enterprises (2023–2027), KoSEA plays a strategic role in advancing social economy policy across the country. 

  • Enabling Recognition and Accountability through Certifications and Social Value Measurement: In the absence of a distinct legal status for social enterprises in Korea, KoSEA administers a rigorous and accessible certification process that formally designates organisations as social enterprises under the Social Enterprise Promotion Act. From 2024, support for certification has been decentralised through a nationwide network of centres, increasing reach and convenience. KoSEA also oversees the implementation of the Social Value Index (SVI), an objective framework to measure the social impact of enterprises. The SVI enhances credibility, promotes the integration of social objectives into core business activities, and facilitates partnerships by providing a standardised, outcomes-based assessment of value creation.

Government’s Role:
Market Facilitator


Country:
South Korea

Policy Type:
Dedicated Government Agencies and Offices

Year: 2010

Responsible Institution:
Ministry of Employment and Labour

Additional information:
Korea Social Economy: A New Era of Social Enterprise Korea’s Social Economy