Kim Sunghan, Former CEO of iM Life, “People-Centered Entrepreneurship” Case Published in International Academic Journal

Recognition of People-Centered Entrepreneurship Practice
by the International Council for Small Business

The case of organizational culture innovation and management performance based on the “people-centered entrepreneurship” of Kim Sunghan, former CEO of iM Life, has been published in an international academic journal.

Kim Sunghan, former CEO of iM Life (center), Ayman Tarabish, professor at George Washington University in the United States (left), and Kim Kichan, International President of President University in Indonesia, are taking a commemorative photo at the fall seminar hosted by the World Small Business Association and the Korean Stakeholder Management Association held at the Chung Mong-Koo Foundation in Jung-gu, Seoul on the 24th. iM Life

iM Life announced that the management philosophy of former CEO Kim was reflected in an international paper published at the fall seminar jointly hosted by the International Council for Small Business (ICSB) and the Korean Stakeholder Management Association on the 24th at the On Dream Society Hall of the Chung Mong-Koo Foundation in Jung-gu, Seoul.

At the event, an academic paper analyzing the correlation between organizational culture innovation and management performance was presented.

In particular, the “3E Framework”-empathy, empowerment, and enablement-which former CEO Kim has consistently emphasized, was presented as a representative model of innovative management in a paper published in an international social science journal (SSCI).

The 3E Framework is an organizational culture innovation strategy that maximizes individual capabilities and delegates decision-making authority to the field, based on mutual understanding and trust among members.

Since taking office as CEO of iM Life in 2020, former CEO Kim has prioritized sustainable growth and people-centered entrepreneurship over short-term results. He led the creation of a sound sales culture based on responsibility and promoted a culture of mutual respect.

During the COVID-19 pandemic, when the variable insurance market stagnated due to sluggish stock markets, iM Life achieved the industry’s highest three-year return and net asset growth rate for variable insurance funds.

The company also ranked first in the life insurance industry for contract retention rates at the 13th and 25th payment periods, and achieved the industry’s lowest contract cancellation rate.

Former CEO Kim stated, “I made employee-centered empathic management my top priority, and seeing the rise in corporate value convinced me that people-centered entrepreneurship is the foundation for corporate growth. We plan to expand industry-academia collaborative research on organizational culture innovation.”

Meanwhile, the ICSB, founded in the United States in 1955, is recognized as a leading global association in the field of small business and entrepreneurship.

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