South Korea lost 8 points and slid to 15th position, held back by more challenging access to grant funding and investment, as well as difficulties in attracting staff with the required skills. Equal pay and women in leadership roles also worsened, pushing the combined ranking for women down 14 points to 27th.
“Social impact is one of the most influential issues in South Korea so being a social enterprise here is an attractive prospect. Our local social enterprise sector responds to the current trend such as environmental and technology issues which are preferred by many people, especially investors. However, this tendency to cater to trends can become a barrier to social enterprises dealing with issues that are not 'trending'.”