Lee Chan-hee, Vice Chairman of Samsung Compliance Committee, Appointed Chairman of Ethical Management Committee of World Korean Trade Association

Economic Organizations of 7.5 Million Overseas Koreans in 67 Countries
Five Legal, Accounting, and ESG Experts Form Ethics Committee
"Ethics Committee Deliberations Must Be Considered in Decision-Making"

Lee Chan-hee, Chairman of the Samsung Compliance Committee, has been appointed as the Chairman of the Ethics Management Committee of the World-OKTA, the largest economic organization for 7.5 million overseas Koreans. World-OKTA has branches in 146 cities across 67 countries.

On the 9th, the World-OKTA announced the launch of its Management Committee. One of the four major goals presented by Park Jong-beom, President of World-OKTA (Chairman of Youngsan Group), immediately after his inauguration on the 26th of last month, was to strengthen the compliance monitoring system. Accordingly, the 'World-OKTA Ethics Management Committee' was established, consisting of five members. To ensure the independence of the committee, legal, accounting, and ESG (Environmental, Social, and Governance) experts recommended from various sectors of society were selected.

Lee Chan-hee, Chairman of the Samsung Compliance Committee, was appointed as the chairman. He is currently serving as an advisor at the law firm Yulchon and previously served as the 50th President of the Korean Bar Association. The ethics committee consists of three external members and one internal member. Aside from Chairman Lee Chan-hee, the external members are Ko Mun-hyun, Professor at Soongsil University Law School (President of the Korean ESG Association), Nam Sang-hwan, CEO of Taeseong Accounting Corporation, and Choi Se-young, a lawyer licensed in Korea and New York State. The internal member is Hwang Sun-yang, Vice President of External Cooperation at World-OKTA.

Park Jong-beom, Chairman of World OKTA (fifth from the left), poses for a commemorative photo with Lee Chan-hee, Chairman of the Ethics Committee of World OKTA (fourth from the left), and other ethics committee members. From the left: Hwang Sun-yang, Vice Chairman of External Cooperation at World OKTA; Choi Sin-young, Lawyer in Korea & New York; Go Mun-hyun, Professor at Soongsil University; Lee Chan-hee, Chairman of Samsung Ethics Committee; Park Jong-beom, Chairman of World OKTA; Nam Sang-hwan, Accountant at Taeseong Accounting Corporation; Joo Dae-seok, Vice Chairman of Organizational Management at World OKTA.
[Photo by World OKTA]

The Ethics Committee will review matters related to the association’s operations and deliberate on comprehensive ethics management issues. World-OKTA has established a policy that decisions made through the Ethics Committee’s deliberations must be considered in decision-making and business execution. Meetings of the Ethics Committee will be held as needed when review matters arise.

Chairman Lee Chan-hee stated, "While the political territory is defined as the Korean Peninsula and its adjacent islands under Article 3 of the Constitution, I believe the economic territory is worldwide. In particular, I decided to participate as the Chairman of the Ethics Committee to support overseas Korean entrepreneurs who have overcome all kinds of discrimination and disadvantages in foreign countries and successfully built their businesses."

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