Analysis of Social Enterprise Policies in China and South Korea from a Comparative Research Perspective

Abstract

There is a noticeable discrepancy in the advancement of social enterprises in China and South Korea. Compared to South Korea, social enterprise development in China is lagging behind. Most of the current research starts from the dual perspectives of the two countries, but there are a few studies that focus on the growth of social enterprises in South Korea and use this to reflect on Chinese social enterprises. In order to fill this gap, this study concentrates on the advantages of social enterprise development in South Korea, while looking at the development trend and prospects of social enterprises in China. This paper adopts the simple comparative analysis method and the four-dimensional progressive analysis method, and evaluates the progress of social enterprises in China and South Korea from the four dimensions of history, goal, structure, and performance by collecting relevant data in recent years. The research results show that South Korea has a long history of social enterprise policies. Innovation, market failure, and the maturity of the social environment are of great importance to the government, which also encourages the progress of social enterprises. In contrast, Chinas failure to formulate national policy actions has been attributed to a conservative government approach to innovation and weak market forces. Therefore, this paper draws on the experience of Korean social enterprises, provides suggestions for the improvement of Chinese social enterprises in terms of government policies and markets, opens up ideas for follow-up research, and provides a new research perspective.