Quantifying ESG performance crucial for sustainable growth
Posted : 2021-04-08 16:04
Updated : 2021-04-08 16:13
Korea Chamber of Commerce and Industry (KCCI) Vice President Woo Tae-hee, front row fourth from left; head of the Industrial Policy Office of the Ministry of Trade, Industry and Energy Kang Kyung-sung, front row fifth from left; and SK Social Value Committee Chairman Lee Hyung-hee, front row sixth from left; pose with other participants during the 1st KCCI ESG Management Forum held at the KCCI headquarters in downtown Seoul, Thursday. Courtesy of KCCI
By Yi Whan-woo
Any efforts and activities related to environmental, social and corporate governance (ESG) should be measureable as monetary value for the companies to better cope with sustainable growth, according to an expert.
Posted : 2021-04-06 21:19
Lee Ho-seung, Moon s chief of staff for policy / Yonhap
Cheong Wa Dae announced Tuesday it will redouble efforts to communicate with the local business sector in a bid to resolve difficulties facing firms here and provide other necessary support.
The move comes at President Moon Jae-in s instruction, which was issued during an internal meeting last week.
Lee Ho-seung, Moon s chief of staff for policy, is scheduled to hold a series of meetings with leaders of major lobby groups here.
The top Cheong Wa Dae secretary in charge of policy issues will visit the Korea Chamber of Commerce and Industry (KCCI) and the Korea Federation of SMEs, which also calls itself KBIZ, on Wednesday, according to presidential spokesman Kang Min-seok.
Business groups protest against industrial accident bill
Envisioned legislation could place top company executive behind bars for major failure in safety management |
South Korea s protestors (Yonhap)
South Korea’s business circles protested Tuesday against the ongoing legislative move to enhance their safety management responsibilities and to hand down sanctions, including the possible imprisonment of a top official.
“We fully agree to the legislative intent to better protect workers’ safety and to prevent industrial accidents,” said the country’s key business groups in a joint rally held at the Korea Federation of SMEs headquarters in Yeouido, western Seoul.
“But it is excessive to lay all the blame upon the management and to hand down quadruple sanctions including criminal punishment, corporate fines, administrative sanctions and punitive damages.”
Korean business owners concerned about expanded union powers
Posted : 2020-12-10 16:32
Updated : 2020-12-10 18:06
The Environment and Labor Committee is in session at the National Assembly on Yeouido, Seoul, Dec. 1. Korea Times file
By Lee Kyung-min
Korea is expected to see growing labor influence, after a standing committee passed a bill that will allow expanded membership of a company union to include dismissed workers as well as those not employed by the firm. The bill also extends legal recognition for the Korea Teachers and Education Workers Union (KTU), a group of left-leaning educators outlawed in 2013 for including nine dismissed teachers in its membership.