I attended the "2025 Collective Impact Creation Forum" at this year’s Social Value Festa. The photo shows the scene at the event.(Photo by Milly) On August 25 – 26, the 2nd Korea Social Value Festa was held at COEX in Seoul, featuring various sessions. Among them, I attended the “2025 Collective Impact Creation Forum” session, which presented why collaboration is important for social economy and social innovation enterprises. In today’s post, I will review what I learned from this session.   “Collaboration” is a keyword I have emphasized multiple times on my blog. Climate crisis, low birth rate and aging population, regional extinction, and growing inequality are just some of the social problems that need to be addressed, and individual companies or organizations cannot fully tackle them alone. Therefore, in recent years, Korea’s social economy, social innovation, and social impact sectors have emphasized “collective impact,” and many discussions are held on how to implem...

Banner of the 2nd Social Value Festa.(Photo by Milly)  From August 25 to 26, at COEX in Gangnam, Seoul, a special gathering took place where Korea’s changemakers came together for the 2nd Korea Social Value Festa.   This annual event, now in its second year, brings together enterprises, organizations, and changemakers dedicated to creating social value in Korea. It serves as a meaningful platform to share experiences, insights, and achievements. This year’s theme was “Designing the Sustainable Future.”   The entrance of the exhibition hall was bustling with people.(Photo by Milly)  The moment I stepped into the venue, I could feel the passion and energy overflowing, almost heating up the summer air even more. Having attended last year as well, I was struck once again by the sight of so many people continuously devoted to solving social issues and taking action on the ground.   Innovative technologies, including AI for expanding social value, drew parti...

  Recently, the concept of collective impact has been gaining attention in Korea’s social economy and social impact sectors. Rather than individual organizations tackling complex social problems alone, collective impact emphasizes cross-sector collaboration to achieve shared outcomes. This post explores how collective impact is taking root in Korea and why it matters.   What Is Collective Impact?   The term collective impact was first introduced in 2011 by the Stanford Social Innovation Review. As the name suggests, it refers to a structured form of collaboration built around a common agenda to create social change. Unlike loose partnerships, collective impact is a strategic alliance based on shared goals.   According to SSIR, there are five key components of collective impact:   👉A common agenda 👉Shared measurement systems 👉Mutually reinforcing activities 👉Continuous communication 👉A backbone support organization   Why Does Korea N...