The constituent assembly of the new Korean Federation of Worker Cooperatives (KFWC) was held in Seoul on 19 April. The KFWC has been created out of the CICOPA member KASEE, and has been established following the major changes introduced to cooperative legislation which now, for the first time in Korean history, regulates worker cooperatives. Song In-Chang, President of the Happy Bridge cooperative (which works in the Korean restaurant franchising sector) has been elected President of the KFWC. The assembly was attended by a large delegation from the Japanese Worker Cooperative Union (JWCU), which is also a CICOPA member.
The new legislation and the creation of the re-structured federation are particularly significant events in the development of worker cooperatives in Korea and in Eastern Asia. Worker cooperatives are experiencing major expansion in Korea following the new law. Whilst there are currently 22 founding member cooperatives (including associated members), it is expected that more worker cooperatives will join the federation. 148 worker cooperatives had already been registered by February 2014, only 18 months after the new legislation had been introduced.
International Organisation of Industrial, Artisanal and
Service Producers' Cooperatives
Secretariat: C/O European Cooperative House - avenue Milcamps 105
1030 Brussels, Belgium
Tel: +32 2 543 1033, fax: +32 2 543 1037