Analysis of Social Enterprises in the Republic of Korea - Proposal for a Viable Model: The ReBag Project

Social entrepreneurship plays a crucial role in addressing economic and social challenges, particularly in rapidly developing nations like South Korea. This study examines the potential of social enterprises to foster sustainability and innovation, with a focus on the ReBag project. ReBag integrates sustainable practices, shared value creation, and innovation to tackle issues in the textile sector, reducing waste while promoting fair employment practices. Using a multidimensional integrated approach, the research employs the System Thinking Map, the Social Business Model Canvas, and impact assessments aligned with the Sustainable Development Goals of the 2030 Agenda. This methodology allows for an in-depth evaluation of stakeholder interactions and the economic, social, and environmental effects of the ReBag initiative. Findings indicate that ReBag has a positive impact by improving working conditions for local artisans and enhancing sustainability in the textile industry. The model’s flexibility and replicability suggest it could generate benefits on both regional and global scales. However, challenges remain, including the need for long-term impact evaluations and financial sustainability, given the reliance on external funding. Despite these limitations, the study underscores ReBag’s potential as a scalable framework for reducing textile waste and fostering ethical employment practices. The study contributes to the discourse on social entrepreneurship by presenting ReBag as an adaptable model for addressing labour market challenges in South Korea and beyond. By demonstrating how businesses can integrate sustainability with economic and social objectives, this research encourages further innovation and policy development in the field.