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How Communities Create Change: Interview with a Community Expert (Part 2)

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Nahyunhong, a community leader running a social economy network in Korea (Photo courtesy of Nahyunhong)   In the previous article, we explored how “connection” takes shape in the field of social economy and social innovation through an interview with Na Hyunhong, a community expert working in Korea’s social impact sector. We examined how online communities and open chat rooms — relatively lightweight formats — have expanded into nationwide networks. 👀Read Part 1 of the Interview The Power That Connects Korea’s Social Economy Ecosystem: Community Expert Interview (Part 1) In this second installment, we take a step further through Na Hyunhong’s interview to examine what connection truly means on the ground. We look more closely at the principles and philosophies that guide community building, as well as what is needed for Korea’s social impact ecosystem to grow sustainably. Going beyond the idea of community as simply a gathering space, this interview asks how communities actually...
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Why Finance Should Be Driven by Values: The Move Toward a Value-Based Financial Cooperative

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  In a previous post, I explored how Korea’s traditional community practice of “gye” has evolved into modern forms of social finance.   👉Related article Korea’s Traditional Community Finance “Gye”: Its Expansion into Social Finance (Part 1)   From Traditional Gye to Social Finance in Korea (Part 2) On the 20th, the 2026 Global Forum on Value-Based Finance was held, where a declaration for promoting a value-based financial cooperative was presented. This reflects a growing effort to create a financial system that operates not only on profit, but on values.   In this post, I will share key discussions from the forum and examine why finance should be guided by social purpose.   Poster of the Global Forum on Value-Based Finance held on the 20th(Source: Social Innovation Entrepreneur Network) Why Do We Need a Value-Based Financial Cooperative?   To some extent, the question of “why” has already been addressed in previous posts. However, it i...
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The Power of Value Proven by Numbers: Why “Impact Measurement” Has Become Important

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  Korean social impact organizations pursue both “social value” and “profit” at the same time. In other words, they create social value through business methods. Because of this, many social impact organizations in Korea were often positively recognized simply for having “good intentions.” In particular, activities such as creating jobs for vulnerable groups or solving community problems were considered meaningful in themselves.   However, as the social impact ecosystem gradually expanded, it became increasingly difficult to fully explain the role and achievements of organizations through “good intentions” alone. Especially during the previous administration, as greater emphasis was placed on the self-reliance and sustainability of the social and solidarity economy and social innovation organizations, this atmosphere spread even further.   Around 2022, the importance of impact measurement — proving “what changed and how” — began to receive serious attention. Korea...
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