Recent Issues of Social Economy Organization and Its Accounting in Korea and Japan

This study seek implications of social economy support system which is able to rerated with vulnerable people support in disaster, through comparing a government-funded structure by comparing the Korean Social Enterprise Law, and the Cooperative Basic Law and the Japanese Non-profit Activity Promotion Act (NPO Act). As a result of the comparison, the two countries have a legal system to grant corporate personality to organizations and institutions that conduct community service activities by citizens, and if they meet certain requirements, they give tax benefits. On the other hand, tax incentives for Japanese taxpayers have been provided to NPO in Japan, and voluntary and in-kind donations are recognized and evaluated in accounting and linked to tax benefit provision, whereas in Korea, such regulations do not exist. However, to induce the activation of the social economic organization in the future, it is suggested that it will be necessary to have a system of linking up the step-by-step government and the private fund support suitable for the growth rate of the organization while promoting the inflow of private funds and motivation for volunteering.