• Journal of the Economic Geographical Society of Korea
• /
• v.18 no.4
• /
• pp.395-414
• /
• 2015

Diverse alternative economies have been discussed to overcome the problems with the globalizing neoliberal capitalism. Social economy and cooperatives are those focusing on the community economies; most countries have local economy-society based on mutual aid and common properties. Various experiences and institutions across local areas have been evolved to keep using their local resources in sustainable way. While recent social economy discussions in Korea are mostly in relation to economic crisis and focus on the Western experiences and institutions, the local area experiences in Korea are similar to the rules universal across countries along with particulars developed from local circumstances. Jeju has maintained village common fishing ground and Isidore farm which has been developed as an innovative type of cooperatives. These cases help to find community economies in practices and studying local experiences would enhance the opportunity to succeed in finding and practicing real alternative community economies in other local areas.