Samil PwC and KDIA to Host Webinar on "ESG Regulatory Response and Management Strategies for Defense Industry Companies"

Analysis of Changing ESG Trends in the U.S. and EU
Tailored Strategies for Korean Defense Companies
"ESG, an Essential Requirement for Market Entry and Growth"

On November 10, Samil PricewaterhouseCoopers (Samil PwC) and the Korea Defense Industry Association (KDIA) announced that they will jointly host a webinar on November 21 at 10 a.m. under the theme "ESG (Environmental, Social, and Governance) Regulatory Response and Management Strategies for Defense Industry Companies."

This webinar has been organized based on a shared understanding that domestic defense companies must establish a foundation for sustainable growth through ESG management amid a rapidly changing regulatory environment. In July and August, Samil PwC and the KDIA previously held webinars on "Responding to U.S. Customs and Strategic Goods Export Controls" and "Entering the U.S. Defense Procurement Market," respectively.

At this upcoming webinar, Lee Bohwa, ESG Platform Partner at Samil PwC, will deliver a presentation on "ESG Regulatory Response and Management Strategies for Defense Industry Companies." Lee plans to provide an in-depth discussion on the following topics: ESG trends in the United States and European Union (EU); the current status of mandatory ESG disclosures and regulations that defense companies should pay attention to; ESG risks specific to the defense industry; and case studies of advanced defense companies' ESG management practices.

Webinar Overview: "ESG Regulation Response and Management Strategies for Defense Industry Companies" by Samil PricewaterhouseCoopers

According to analysis by PwC Global, ESG has become an essential requirement for defense companies seeking to enter the global procurement market and achieve sustainable growth, going beyond being a simple investment trend. In the early stages of ESG investment expansion, the defense industry was excluded from investment targets. However, after the outbreak of the Russia-Ukraine war, the expansion of geopolitical risks, the United States' prioritization of domestic interests, and the resulting increase in national security burdens have changed the investment perspective of the financial sector.

As a result, the importance of ESG regulations is growing in the global defense industry market, and supply chain risk management has emerged as a core requirement for corporate competitiveness. With the current export boom of Korean defense products, domestic defense companies lacking in ESG management are increasingly likely to face restrictions or various sanctions when entering the global procurement market.

Kim Taesung, Leader (Partner) of the Defense Industry Center at Samil PwC, stated, "We plan to support domestic defense companies in accurately understanding the changing international regulatory environment and in developing strategies to practically apply ESG principles. In particular, as sustainable management and supply chain management have become core requirements for procurement competitiveness in major overseas markets such as the United States and the EU, we will provide concrete and practical insights to help companies proactively respond to these demands."

Meanwhile, the topic of this webinar will also be presented at the Winter Academic Conference hosted by the Korean Management Accounting Association on November 29. Applications to participate in the webinar can be submitted through the Samil PwC website until November 19.

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