How Policy Is Building a Social Economy in South Korea
NonProfit Quarterly
MARCH 29, 2023
Although cooperatives have existed in Korea since the early 20th century—the Nonghyeop agricultural cooperative being one of the largest cooperatives in the world—before the FAC, it was hard to launch a cooperative at the grassroots level in large part because forming a cooperative required at least 200 members and $300,000 in capital.
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