Korea Corporate Governance Service Changes Name to 'Korea ESG Standards Institute'

[Asia Economy Reporter Kwon Jae-hee] The Korea Corporate Governance Service (KCGS) announced on the 22nd that, in celebration of its 20th anniversary, it will change its name to the "Korea ESG Standards Institute" to signify its commitment to becoming the nation's leading ESG (Environmental, Social, and Governance) specialized institution.

The new CI, designed in the shape of a compass, symbolizes the direction ESG should take in the domestic capital market. While retaining the well-known English acronym 'KCGS' recognized by overseas institutions, the English name will be reinterpreted as the "Korea Institute of Corporate Governance and Sustainability."

On the same day, the ESG Standards Institute held a "20th Anniversary Commemorative Roundtable" at the Korea Exchange Conference Hall, attended by eight related organizations as well as distinguished guests including Kim Ju-hyun, Chairman of the Financial Services Commission, and Sohn Byung-doo, Chairman of the Korea Exchange. Kim Ju-hyun and Sohn Byung-doo delivered congratulatory remarks, and Kim Hyung-seok, Head of Policy Research at the ESG Standards Institute, gave a presentation on "Future Development Directions and Challenges of the ESG Standards Institute (KCGS)."

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