Exploring the Regional Determinants of the Emergence of Social Enterprises in South Korea: An Entrepreneurial Ecosystem Perspective

South Korea has experienced a rapid increase in the emergence of social enterprises that aim to address various social problems. However, little is known about the conditions that can affect the emergence of social enterprises at the regional level. This study examined the regional factors that influence the establishment of social enterprises using a panel dataset of observations on 17 metropolitan cities and provinces in South Korea from 2012 to 2019. The appearance of social enterprises in regional entrepreneurial ecosystems was found to be associated with the market, government, networks, financial resources, and human capital. We also found that the determinants of their emergence within South Korea's social enterprise ecosystem vary based on their level of development and purpose. Based on the results, we suggested several policy implications and suggestions.