Abstract

For more than 30 years, South Korea has experienced exceptional economic growth. In the context of such an accomplishment, is any room left for the social economy organizations? The analysis of available legal and economic data shows that whereas these organizations have a nonnegligible place in the Korean economy, on the one hand their role is limited in comparison with their western counterparts, and on the other hand the boundaries between public, capitalist and social economy sectors are blurred. The family in Korea is the most natural factor of socio‐economic integration; in many areas the family substitutes for intermediaries like the social economy organizations. The economic crisis that touched Korea at the end of 1997 contributed to the weakening of the traditional model of family solidarity and offered new prospects for the Korean social economy, especially in the field of social protection and social services. This is similar to what seems to be evolving in Europe.

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