Why Social Finance ? Traditionally, finance has focused on maximizing profits. However, as social issues like climate change , inequality , aging populations , and regional decline intensify, there is a growing global movement to use capital to address these problems. Amid this shift, the concept of Social Finance has emerged. What is Social Finance?   When I first heard the term social finance, the first question that came to mind was “How is it different from conventional finance ?”   The answer is straightforward. Social finance is not just about generating profit; it aims to simultaneously solve social problems and expand social value.   In other words, social finance considers both financial returns and social/environmental impact, setting it apart from traditional finance.   Types of Social Finance   Social finance can be broadly categorized into four types 👉 Inclusive Finance : Financial services for vulnerable or underserved ...

 Around the world, social economy organizations don’t simply pursue profit. Instead, they aim to create a positive impact on people, communities, and the environment. For instance, they provide jobs for marginalized groups like the elderly or people with disabilities, or run sustainable businesses that protect the environment. These are all common activities carried out by social economy organizations. Discussions on how to measure the impact and value of social economy enterprises continue to evolve.(Photo by Milly)  But can we actually see the positive impact they create? Most social economy organizations say they strive to employ people, protect the environment, and improve communities. But in reality, explaining exactly who they impacted, how, and to what extent, is not so simple. This is why in Korea, “impact measurement” has recently drawn attention. Korea’s social economy has largely developed under public sector leadership. As a result, many organizations have relied o...