Impact Bond: Depression Improvement and Suicide Prevention SIB
Stage of development: Implementation
Policy sector: Health
Intervention: South Korea has held the highest suicide rate among OECD countries for over 20 years, marking it as one of the most severe indicators of societal distress that has long remained unaddressed. This critical issue demands a groundbreaking response.
Date outcomes contract signed: 2023-09
Start of service provision: 2025-02
Anticipated end of service provision: 2026-01
Total investment commitment currency: KRW
Total investment commitment: 850000000
Total investment commitment (USD): 596660.9
Maximum potential outcome payment: 1000000000 KRW
Maximum potential outcome payment (USD): 701954
Target population: Depressed individuals indicating suicidal tendencies in anonymous spaces, classified as a high-risk group for suicide.
Targeted number of service users or beneficiaries: 300
Targeted unit type: Individual