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A Study on Social Finance Market in Korea ; Focused on Social Impact Bond

한국형 사회적금융시장 조성에 관한 연구 ; 사회성과연계채권(SIB)을 중심으로

  • Received : 2018.02.09
  • Accepted : 2018.04.20
  • Published : 2018.04.28

Abstract

The Social Economy including social enterprise is solving various social problems of our society by innovative business Nevertheless, social economic companies have limited investment ingrowth due to insufficient capital. There are various attempts to solve the limit of capital investment by social finance. Social iImpact bonds that introduced performance-based compensation into financial system is recognized as a new means of procuring that capital lacks. 89 social impact bonds were issued in 19 countries around the world. )f the 22 social impact bonds reporting performance, 21 bonds report positive performance. The twelve bonds paid incentives to investors. It can be said that the government provides incentives to review the issuance of social impact bonds at the government level, which is difficult to expand the social welfare budget. This study confirmed the performance of the social impact bonds and confirmed the possibility of introducing it in korea. There is a limit to continuously increasing the government's social expenditure to meet demand. Therefore, in order to support the growth of social economy based on private investment, the issuing of social impact bonds should create a virtuous circle of social financial market.

Keywords

Social Economy;Social Finance;Social Impact Bond;Social Innovation;Social Enterprise

Acknowledgement

Supported by : Pusan National University

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