KSD, Job Creation Focused on 'Social Value'

[Asia Economy Reporter Oh Ju-yeon] The Korea Securities Depository (KSD) is gaining attention for taking the lead in job creation by promoting the 'Comprehensive Job Promotion Plan' annually.

According to KSD on the 8th, the institution is establishing a strategic framework and a roadmap for promotion tasks through external consulting to shift its job creation projects toward a 'social value' focus. It plans to benchmark leading organizations recognized for job creation and implement specific action tasks and measures through self-evaluation. Through this, KSD aims to realize the 'KSD-type social value' and build evaluation indicators and quantification models.

▲ Lee Myung-ho, President of Korea Securities Depository

KSD established the 'Job Creation Committee' and the 'Dedicated Task Force for Good Job Creation' in October 2017. In 2018, to systematically pursue the management goal of 'Leading Job Creation,' it set up the 'Job Creation Headquarters' and expanded it to a headquarters-level organization. It formulated a comprehensive job promotion plan selecting 69 tasks across five major areas: building job infrastructure, creating jobs, sharing jobs, improving job quality, and generating social value.

To support the government's innovation growth and startup policies, KSD newly established the 'Innovation Startup Support Group,' and last year, it renewed the existing comprehensive job promotion plan focusing on social value realization. It also discovered new projects, including programs supporting employment for local university students. This year, KSD plans to establish a comprehensive job promotion plan that strengthens the institution's role in job creation and social value realization.

Through the 'Busan Social Economy Support Fund (BEF),' established by eight public institutions based in Busan, KSD also supports local social economy enterprises.

A KSD official said, "Until 2022, we have been conducting a project that reduces service fees for KSD services for excellent job-creating companies and social enterprises," adding, "We have reduced fees by 260 million KRW for about 50 companies until last year, and through this, the government's job policies can spread throughout the capital market industry."

This content was produced with the assistance of AI translation services.