KOTRA Enhances Understanding of Korea's Eco-Friendly Management Paradigm

HanDok Chamber of Commerce and Industry Hosts 6th 'Business+ Forum'
Lecture by Jeong Inhee, Executive Director of Samsung Electronics Sustainability Management Center
On the Theme of 'Domestic ESG Management Trends and Cases'

[Asia Economy Reporter Han Yeju] Foreign-invested companies have been given an opportunity to enhance their understanding of South Korea's eco-friendly management paradigm.

KOTRA announced on the 13th that it held the 6th 'Business+ Forum' at the Lotte Hotel Seoul in collaboration with the Korean-German Chamber of Commerce and Industry.

At this forum, Jeong Inhee, Executive Director of Samsung Electronics' Sustainability Management Promotion Center, gave a lecture on the topic of 'Domestic ESG Management Trends and Cases,' attended by about 60 expatriates from foreign companies and institutions operating in Korea. The lecture covered ways for companies to internalize ESG factors into their management strategies to pursue sustainable growth.

In particular, focusing on the 'New Environmental Management Strategy' announced on the 15th, the lecture addressed how companies should shift their management paradigms toward eco-friendliness in the future. As an IT manufacturer, Samsung Electronics stated that it will act as a catalyst to accelerate the establishment of an eco-friendly ecosystem across the entire value chain through innovative technologies and products. Samsung Electronics is promoting the transition to renewable energy for all electricity used by 2050 through joining RE100 and plans to achieve renewable energy targets at all overseas business sites within five years.

Ryu Jaewon, Director of KOTRA's Trade and Investment Data Division, said, "As ESG adoption accelerates worldwide and consumers and investors increasingly emphasize ESG factors, a company's survival depends on who takes proactive response strategies first." He added, "We hope this forum will serve as an opportunity for companies to recognize the importance of ESG management and gain insights."

Meanwhile, the Business+ Forum has been held monthly since March this year, with participation from 18 foreign chambers of commerce in Korea that have signed education cooperation MOUs with KOTRA.

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