Choi Tae-won-led Korea Chamber of Commerce Adds 'ESG Management' Indicator to This Year's Corporate Innovation Awards

KCCI and Ministry of Trade, Industry Hold the 28th Corporate Innovation Awards
Applications Open for 2 Months Until End of September... Final Awards in Early December

[Asia Economy Reporter Hwang Yoon-joo] The Korea Chamber of Commerce and Industry (KCCI) will newly add ESG (Environmental, Social, and Governance) management indicators to this year's Corporate Innovation Awards. This decision reflects the recent trend emphasizing the social role of companies.

KCCI announced on the 20th that, in collaboration with the Ministry of Trade, Industry and Energy, it will accept applications for the 28th Corporate Innovation Awards until the end of September.

Applications will be accepted for two months, followed by document screening, on-site evaluation, comprehensive evaluation, and presentation evaluation processes, with the final winners selected in December.

The evaluation process begins with a quantitative assessment focusing on ESG management capabilities, practical cases, management innovation achievements and details, voluntary participation levels, and future plans based on document screening.

Next, judges will conduct on-site evaluations by visiting companies directly and interviewing CEOs to perform qualitative assessments on management philosophy and ESG. Then, a comprehensive evaluation by all judges who participated in the document and on-site evaluations will be conducted, and finally, the final ranking of award-winning companies will be determined by combining the presentation evaluation scores on the day of the awards ceremony.

Eligible applicants include all domestic large, medium, and small enterprises, regardless of industry, that possess excellent cases of management and technological innovation and practice ESG management.

In the past, the honor of receiving the award has been evenly distributed among Korea's representative companies such as Korean Air, Mirae Asset Daewoo, LG Electronics, Hyundai Mobis, Yuhan-Kimberly, Commax, Samyook Food, and Hwasung.

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