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Catalyzing worker co-ops & the solidarity economy

The Cooperative Boom in Korea

In 2012, the International Year of the Cooperatives, the ‘Framework Act on Cooperatives’ became law in Korea. This provided a framework to establish and operate cooperatives to contribute to the social integration and growth of the country’s economy.

As a result, many cooperatives were formed, including the Cooperative Value Sharing Center (CVSC). CVSC is a workers’ cooperative formed by young people in their twenties to encourage their peers to understand that cooperatives can give them the independence to reach their future goals. CVSC also teaches young people about cooperatives, help them establish and grow youth cooperatives.

At that time, I was in university, studying International Business and Trade, looking for another path to my future. After undergoing major surgeries, my body and mind could not meet society’s standards where I had to compete with others for everything. I looked for an organization where collaboration among colleagues, not competition, was encouraged.

Read the rest at International Cooperative Alliance


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