Impact Bond: Haebom Project - Gyeonggi Province SIB 
Also known as: Gyeonggi Province SIB 
Stage of development: Complete
Policy sector: Employment and training
Intervention: To support people to find and sustain jobs than can improve their income level and quality of life, and reduce social welfare dependency.
Date outcomes contract signed: 2017-03
Total investment commitment currency: South Korean Won
Total investment commitment: 1550000000
Total investment commitment (USD): 1359112.630978999
Target population: Low-income people who receive national basic livelihood pay, mainly because they find it difficult to work due to their home environment, illness, disability and/or old age. The 800 Aid Recipients living in Gyeonggi-do, classified as Public Aid Recipients, are those who are willing to stand on their own feet but are not supported by the service.
Actual number of service users or beneficiaries engaged: 800
Notes: Pan-Impact Korea, a pioneer in designing SIBs for the nation, designed operation strategy and outcome metrics of Gyeonggi Province’s first SIB.