금융소비자 보호와 크라우드펀딩(Crowdfunding)의 활성화 -사회적 경제(Social Economy)관점에서의 접근- = Financial Consumer Protection and Activation of Crowdfunding -The Study on Aspects of the Social Economy-

다국어 초록 (Multilingual Abstract)

Currently, crowd funding is used for diverse meanings in practice. However, there is a lack of research on its operating mechanism as an alternative fundraising tool for the SMEs. It is almost impossible for start-ups or petty SMEs to raise capital through equity crowdfunding because of the strict securities regulation under the current capital market act, FSCMA. Recently Obama administration enacted the Jumpstart Our Business Startups Act (JOBS Act) with an entire support of US congress. As a result, in Korea, it is proposed amendments to the Capital Markets Act for SMEs to raise capital through crowdfunding. However, It is more important for social entergise to raise capital though crowdfunding. Korean society has been suffering from social risks where employment re-lated social problems such as unemployment, unstable job security, growing inequality play a key role. A social enterprise is an organization that applies commercial strategies to maximize improvements in human and environmental weil-being, rather than maximising profits for external shareholders. Social enterprises can be structured as a for-profit or non-profit, and may take the form of a co-operative, mutual organization, a social business, or a charity organization For financial consumer protection and activation of crowdfunding, it is necessity to study on aspects of the social economy.