Expansion of ESG Management Base Among Industrial Complex Resident Companies

Award Ceremony for Outstanding Certification Companies Held

The Korea Industrial Complex Corporation announced that it selected 26 outstanding companies among those participating in the industrial complex ESG (Environment, Social, Governance) support projects last year, and on the 4th, visited Seyang Mechatronics and YPP to present excellent certification plaques.

Seyang Mechatronics in Banwol-Sihwa National Industrial Complex produces industrial parts such as industrial and household buffers, and was highly evaluated for strengthening ESG management by introducing high-efficiency production facilities and process automation.

Yoon Chang-bae, Head of Digital Innovation Headquarters at Korea Industrial Complex Corporation (left), visited Seyang Mechatronics on the 4th and presented the 'Excellent Certified Company Plaque' to CEO Kim Byung-jun. Photo by Korea Industrial Complex Corporation

YPP in Seoul Digital National Industrial Complex is a company supplying power equipment protection monitoring and control systems (ECMS), and succeeded in newly securing a 52.2 billion KRW scale power plant project in Kazakhstan through ESG efforts such as air pollution prevention, water quality protection, and improvement of working conditions.

Last year, the Korea Industrial Complex Corporation supported ESG self-diagnosis for 1,253 companies and provided basic consultations to 104 companies. It also supported supply chain packages for 111 companies, spreading ESG management through support projects.

This year, the Korea Industrial Complex Corporation plans to focus on spreading ESG management awareness and fostering professional personnel among SMEs in industrial complexes. In the first quarter, it will launch the ‘Industrial Complex ESG Council’ composed of about 10 members including institutions, organizations, and private experts to discover support projects specialized for industrial complexes, propose them to the government, and promote commercialization.

Lee Sang-hoon, President of the Korea Industrial Complex Corporation, said, “As ESG compliance demands expand mainly among large corporations, it has become essential for SMEs to respond to ESG regulations from partner companies,” adding, “We will strive to ensure that the Corporation’s support projects play an important role in expanding the ESG base and strengthening capabilities of SMEs.”

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