Naver Receives A+ Grade in Governance Section of ESG Evaluation

"Striving to Maintain Transparent Governance"

[Image source=Yonhap News]

[Asia Economy Reporter Jin-gyu Lee] Naver announced on the 16th that it was the only company among the top 10 companies by market capitalization to receive an A+ grade in the governance category in the '2020 Corporate Governance Evaluation' conducted by the Korea Corporate Governance Service (KCGS).

This is a two-step improvement compared to last year. Naver also achieved an A grade in the overall rating, which is one step higher than last year.

The Korea Corporate Governance Service is an organization that conducts evaluation, research, and investigation on corporate governance and social responsibility, and holds the highest influence among domestic ESG evaluation agencies. Every October, it evaluates the sustainability of about 900 listed companies in Korea in three areas: Environment (E), Social (S), and Governance (G), and publishes the results divided into seven grades.

Park Sang-jin, Naver CFO, said, "It is particularly meaningful that the efforts to maintain transparent governance have been objectively recognized," adding, "We will continue to strive to maximize corporate value and shareholder value based on advanced governance in a dynamically changing industrial structure and fulfill our social responsibilities."

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