Add Seoul, South Korea to the list of role models for flace- and people-based impact investing. Co-housing, co-working and co-investments in “changemakers” are attracting university talent and mission-driven entrepreneurs to the Seongsu-dong neighborhood, sometimes called “Seoul’s Brooklyn.”
Kyungsun Chung, the founder of Root Impact, is behind many of the projects. Chung is part of the third generation of the family that built the giant Hyundai Group. “I’m like the black sheep, or the green sheep,” of the family, he told ImpactAlpha in a new podcast.
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