[2021 Mirae Company Forum] Rep. Kim Seongju: "ESG Will Be an Opportunity to Integrate Economy and Society"

Kim Sung-joo, member of the Democratic Party of Korea and co-chair of the National Assembly ESG Forum, delivered a welcoming speech on the 29th at the Western Chosun Hotel in Jung-gu, Seoul, at the "2021 Asia Future Business Forum" hosted by Asia Economy. Asia Economy set this year's theme for the Future Business Forum as "Korean-style ESG Solutions in the New Normal Era" and organized a session to explore ways to enhance the value of Korean companies through expert lectures in the ESG field. Photo by Kim Hyun-min kimhyun81@

[Asia Economy Reporter Changhwan Lee] "ESG (Environmental, Social, and Governance) will be an opportunity for our economy and society to integrate."

Kim Sung-joo, a member of the Democratic Party of Korea and co-chair of the National Assembly ESG Forum, emphasized the importance of ESG at the '2021 Asia Future Business Forum' held on the 29th at the Westin Chosun Hotel in Sogong-dong, Seoul.

In his welcoming remarks at the event, Representative Kim stated, "Concepts like CSR (Corporate Social Responsibility) or CSV (Creating Shared Value), which were popular in the past among companies and society, were based on the perception that companies and society are separate," adding, "In contrast, ESG, which has recently gained attention, is a more expanded concept aiming for the integration of economy and society."

He added, "The basic direction for ESG that our country should pursue now is integration," emphasizing, "The core principle is to aim for integration without distinguishing between economy and society."

Representative Kim said, "Sustainability is also a key principle of ESG," explaining, "This means a sustainable society and, in terms of governance, sustainable democracy." He further predicted, "The importance of ESG will grow significantly not only in corporate internal decision-making but also in democracy."

He emphasized, "Recent research shows that companies that perform well in ESG tend to achieve stable and continuous results," and stressed, "Now, ESG must firmly establish itself as a trend in our society."

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