Hyundai Department Store Group Signs MOU with KCA... Promoting Startup Support and Environmental Campaigns

Jang Hojin, President of Hyundai Department Store (left), and Jeong Hangun, President of KCA, are posing for a commemorative photo.

[Asia Economy Reporter Lim Chunhan] Hyundai Department Store Group announced on the 16th that it has signed a business agreement with the Korea Communications Agency (KCA) to strengthen ESG (Environmental, Social, and Governance) management.

Through this agreement, both parties plan to ▲discover and support the growth of startups and small and medium-sized ventures ▲establish leading models for private and public ESG management and share best practices ▲collaborate on social value creation projects utilizing both parties' infrastructure and core competencies ▲cooperate and support private and public ESG management promotion projects.

KCA, celebrating its 50th anniversary this year, plans to produce a 50th-anniversary commemorative shopping bag applying an eco-friendly shopping bag independently developed by Hyundai Department Store Group using a resource circulation method. Hyundai Department Store Group previously produced eco-friendly shopping bags using 100% recycled paper made from waste paper in April.

Jang Hojin, President of Hyundai Department Store, said, “We are very honored that Hyundai Department Store Group and KCA will mutually cooperate in ESG management,” and added, “We hope this business agreement will serve as an opportunity for companies and public institutions to create excellent cooperation cases and expand the value of ESG management.”

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