South Korea may be hitting a macro-level growth “bamboo ceiling.”
Socio-Economic Capital Markets (SECM) have the real potential to create a breakout “social start-up nation” economic platform as a viable “creative economy” ecosystem for South Korea to reach greater growth in the twenty-first century.
Q1: How to boost South Korea’s post-subprime financial crisis economy?
Q2:How to create a more balanced economic ecosystem–less dependent on manufacturing and more focused on creativity and innovation while closing the gap between the haves and have-nots–to restructure one of Asia’s largest global economy that is still highly dependent on exports.
A: Socio-Economic Capital Markets (“SECM” as a Growth Model for South Korea’s “Second Miracle on the Han River”)
➢ Narrowing income disparity
➢ Economic growth through social startup SMEs
➢ Inclusion of disadvantaged/underrepresented groups
➢ Fostering creative economy –second pillar to Korea’s export dominant chaebols
What are Socio-Economic Capital Markets (SECM)?
(1) SSU-PPPs (Social Start-Up Enterprises and Co-op PPPs);
(2) SIB-PPP (Social Impact Bond PPPs);
(3) SIF-PPP (Social Investment Fund PPPs);
(4) SCMX-PPP (Socio-Capital Market Exchange PPPs);
(new concept in academic literature; asiapacificglobal.com, Jasper Kim, April 23, 2014)
Why Socio-Economic Capital Markets (SECM)?
(a) The combination of traditional profit-driven business model, social project and Impact Investors
(b) Investing into social projects by creating businesses that are both profitable AND have a positive social impact
This blog will be one in a series, in which each of the four SECM social start-up factors will be analyzed in greater detail.