Lotte Home Shopping Wins KSI Home Shopping No.1 and CEO Award

2020 Korea Sustainability Conference

Lotte Homeshopping received the 1st place award for excellence in the home shopping sector and the CEO Award at the "Korea Sustainability Conference" held on the 16th of this month at Lotte Hotel in Jung-gu, Seoul. From the left, the first is Oh Gap-ryeol, Head of Compliance Management at Lotte Homeshopping, the third is CEO Lee Wan-shin, and the fourth is Shin Sung-bin, Head of Planning, posing for a commemorative photo.

[Asia Economy Reporter Minyoung Cha] Lotte Homeshopping announced on the 16th that it received the No. 1 Excellent Company award in the home shopping sector and the CEO Award at the ‘2020 Korea Sustainability Conference’ hosted by the Korea Standards Association, held at Lotte Hotel in Jung-gu, Seoul.

The Korea Sustainability Conference is held annually by the Korea Standards Association with the purpose of discovering companies that contribute to Korea’s sustainable development and realization of social value through social responsibility. It uses the ‘Korea Sustainability Index (KSI),’ which measures corporate sustainability based on the international social responsibility standard ‘ISO26000.’ Stakeholders and experts, including consumers, local communities, and partners, evaluate market size, social activities, and more to select excellent companies in each sector.

At the awards ceremony, Lotte Homeshopping was awarded first place as an excellent company in the home shopping sector of the Korea Sustainability Index (KSI). Various win-win cooperation and social activities operated by Lotte Homeshopping, such as the ‘Win-Win Growth Conference,’ ‘Mutual Growth Meeting,’ and ‘Career Interrupted Women Talent Development Program,’ received high evaluations. CEO Lee Wanshin also received the CEO Award for Sustainable Management, and on the same day, a ‘Social Impact Fund Award Ceremony’ was held to support social venture companies with part of the prize money.

In particular, the CEO Award for Sustainable Management, which CEO Lee received, was established last year by the Korea Standards Association to promote a proper ‘entrepreneur image.’ This award is given to CEOs who have contributed to creating social value through outstanding leadership among companies committed to sustainable management. CEO Lee was highly evaluated for leading corporate social responsibility management through trust and mutual development with organizational members as well as stakeholders.

Lee Wanshin, CEO of Lotte Homeshopping, said, “Creating social value is as important as corporate performance,” and added, “We will continue to fulfill social responsibilities linked to the essence of business and sustain sustainable management activities to become a company that leads social value creation.”

Meanwhile, Lotte Homeshopping continues its social value activities by prioritizing ‘win-win growth’ and ‘compliance management’ as its core management values. In 2017, it laid the foundation for sustainable management by becoming the first in the industry to receive certification for the ‘Anti-Corruption Management System’ established by the International Organization for Standardization (ISO) and by introducing a compliance system. Last year, by joining the ‘United Nations Global Compact,’ Lotte Homeshopping has been carrying out differentiated activities in five key areas including win-win growth, local communities, and the environment.

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