Authors: Jiwon Lee*, Seoul National University
Topics: Economic Geography
Keywords: social economy, social innovation ecosystems, regional governance, multi-actors
Session Type: Paper
Start / End Time: 8:00 AM / 9:40 AM
Room: 8216, Park Tower Suites, Marriott, Lobby Level
Presentation File: No File Uploaded
Economic spaces around the world have changed dynamically by emerging social economic sectors as one of the alternative economies. Multi-actors including social enterprises, social venture enterprises, multinational enterprises, non-profit organizations and government has been geographically concentrated in certain areas and collaborated among various local agent by creating economic value and reducing inequalities through pursuing social value. To delve into this background, the primary objective of this study is to identify spatial implications of value chain governance of social innovation ecosystems from an evolutionary perspective. This study conducts an empirical study of regional social innovation systems in Seoul, Korea. Social fashion industry ecosystems in korea have emerged in declining industrial areas to solve regional problems, associate with the decay of the old industries and reduce inequalities. When it comes to social creativity, social value is reflected in fashion design. It can be said that social innovation acts as a catalyst to overcome a regional crisis and create high added values by combing to other industries. There are various novel actors including Korea fashion social cooperative, social economy sector, value evaluation center for social venture and social technology school for start-up of social fashion. Therefore, the value creation is defined as creating social value as well as economic value, which can ultimately contribute to forming responsible value chain governance for true sustainable regional development. Also, regional economic value and social upgrading in value chains can result in dynamics of new knowledge creation, while addressing underlying problems.