Stage Five Establishes ESG Committee... Former Vice Minister Min Won-gi Appointed as Inaugural Chair

Stage Five held a board meeting on the 2nd and announced the establishment of the ‘ESG Committee,’ appointing former Vice Minister Min Won-ki of the Ministry of Science and ICT as the chairman of the committee.

The ESG Committee holds a supervisory position over the company’s ESG activities. Going forward, it will decide major operational policies and plans related to the company’s ESG activities, manage and oversee ESG initiatives, and develop response measures for important ESG-related issues.

Stage Five plans to pursue exemplary and sustainable growth through the operation of the ESG Committee. Specifically, it aims to establish a foundation for ESG management by discovering telecommunications-related businesses that can contribute to carbon neutrality, services prioritizing consumer rights, and activities that can prevent telecommunications-related crimes causing serious social problems.

The inaugural chairman of the committee is former Vice Minister Min Won-ki of the Ministry of Science and ICT. Chairman Min has served as the Chair of the International Telecommunication Union (ITU) Council, Chair of the OECD Digital Economy Policy Committee, Chair of the OECD Expert Group on Artificial Intelligence, President of the State University of New York Korea, and Ambassador for Science and Technology Cooperation at the Ministry of Foreign Affairs. Based on his extensive understanding and experience in the telecommunications industry, technology, ESG, and global standards, he is expected to play a key role in enhancing Stage Five’s business performance and ESG capabilities.

Stage Five’s ESG Committee stated, "Through the committee, we will establish a more transparent and sound management system," adding, "The establishment of this committee appears to lay the foundation for sustainable growth."

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