"Venture and Startup Companies Must Embrace ESG Management"... Consensus at Venture Innovation Society Event

'ESG Management of Small and Medium Venture Innovation Companies' Autumn Academic Conference

Lee Eui-cheol, CEO of Asia Economy, is delivering a congratulatory speech at the Korean Venture Innovation Society Autumn Academic Conference held on the 17th at the Federation of Korean Industries building in Yeouido, Seoul, under the theme of "ESG Management of Small and Medium Venture Innovative Companies." Photo by Kim Hyun-min kimhyun81@

[Asia Economy Reporter Kim Bo-kyung] The Korea Venture Innovation Society has voiced that ESG (Environmental, Social, and Governance) management is essential for the sustainable growth of venture and startup companies.

On the afternoon of the 17th, the Venture Innovation Society held an autumn academic conference at the Federation of Korean Industries Hall in Yeouido, Seoul, under the theme "ESG Management of Small and Medium Venture Innovation Companies."

In his congratulatory speech, Lee Ui-cheol, CEO of Asia Economy, explained, "With the Fourth Industrial Revolution and deepening polarization, 'stakeholder capitalism,' which prioritizes partners, consumers, and local communities over shareholders' profits, is emerging."

He continued, "To achieve long-term and sustainable profit generation, management activities that satisfy all stakeholders are necessary," adding, "Accordingly, ESG management is spreading domestically in response to the changing business environment."

CEO Lee emphasized, "For the sustainable growth of companies, financial information is important, but non-financial information such as ESG?namely eco-friendly production, social responsibility implementation, and transparent management systems?has become an essential element."

Finally, he evaluated, "Today's academic conference will be a meaningful occasion to share innovative ideas and experiences."

On the 17th, at the Korea Venture Innovation Society Autumn Academic Conference held at the Federation of Korean Industries building in Yeouido, Seoul, with the theme "ESG Management of Small and Medium Venture Innovative Companies," key guests and speakers, including Jung Un-chan, Chairman of the Win-Win Growth Research Institute (fifth from the left), and Lee Ui-cheol, CEO of Asia Economy (third from the left), are taking a commemorative photo. Photo by Kim Hyun-min kimhyun81@

Yoon Dong-min, Head of the Chungcheong Regional Headquarters of the Korea Industrial Complex Corporation, also stressed in his congratulatory remarks, "It is time to pool wisdom together to create a 'sustainably growing Korea' through cooperation between manufacturing companies and venture/startup companies."

He said, "I hope this academic conference, initiated by the society that proactively raised the topic of ESG management, will serve as an opportunity to discover diverse ideas," and added, "The corporation will also do its best to become a future growth engine for Korea through new business creation."

The academic conference began with a keynote speech by former Prime Minister Chung Un-chan titled "Conditions for Innovation and ESG with Co-growth," followed by a thematic lecture by Professor Moon Doo-cheol of Yonsei University, and presentations on ESG management cases by Korea Hydro & Nuclear Power and N2B.

The Venture Innovation Society was established in February 2018 with approval as a corporation from the Ministry of SMEs and Startups, aiming for corporate growth and social value creation through innovation. Over the past three years, industry, academia, and research institutes have jointly engaged in various activities to respond to government venture innovation policies and suggest directions for innovation in small and medium enterprises.

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