SEOUL, March 10 (Korea Bizwire) — Major South Korean companies across manufacturing industries are accelerating their transition to a greener, more sustainable business as investors are increasingly taking account of environmental, social and governance (ESG) factors. ESG investing focuses on companies that support environmental protection, social justice and ethical management practices. Among the criteria, climate [...]
SEOUL, March 5 (Korea Bizwire) — Samsung Electronics Co. said Friday it donated US$1 million to community partners in Texas to support their winter storm relief efforts. The South Korean tech giant said its donation will be used to provide food, water, health services and shelters in the U.S. state where severe weather caused big [...]
SEOUL, Aug. 7 (Korea Bizwire) — SK Energy Co., one of the leading oil refiners in South Korea, plans to expand support for Goyohan Mobility, a program designed to create jobs for hearing-impaired people. The company announced on Thursday that it will bear a certain portion of the fuel costs incurred when taxis participating in [...]
SEOUL, July 17 (Korea Bizwire) — Samsung Electronics Co., South Korea’s leading tech firm, announced on Thursday that it will expand the coverage of its “Samsung Hope Didimdol (stepping stone)” program nationwide. The program was designed to develop the self-reliance of teenagers who cannot stay in orphanages after reaching 18 years of age. The company [...]
SEOUL, July 3 (Korea Bizwire) — Aramco Asia Korea Ltd., a wholly owned subsidiary of Saudi oil giant Aramco, announced Friday it has signed a partnership deal with a foundation to provide coding programs to about 100 lower-income students in its latest social contribution. MIDAM Scholarship Foundation plans to begin a yearlong program later this [...]
SEOUL, June 17 (Korea Bizwire) — Hyundai Motor Co. announced on Tuesday that it will host the “2020 Longest Run” campaign. This campaign, one of Hyundai Motor’s flagship corporate social responsibility (CSR) programs, is designed to contribute to creating a better world through afforestation. After downloading an exclusive app, participants can make a donation for [...]
SEOUL, Nov. 14 (Korea Bizwire) — SK Innovation Co. and Doosan Heavy Industries & Construction Co. said Thursday they will take part in a Vietnamese environmental project as a part of their corporate social responsibility efforts. The two companies signed a multiparty memorandum of understanding (MOU) with the Quang Ngai provincial government in Vietnam for [...]
SEOUL, Aug. 16 (Korea Bizwire) — SK Group has decided to work with other global corporations over the next three years to build international standards to measure the ‘social value’ generated by businesses. SK announced that the Value Balancing Alliance (VBA), a non-profit organization in Frankfurt, Germany, will begin carrying out the task of jointly [...]
SEOUL, Jul. 3 (Korea Bizwire) — SK Telecom Co. announced on Tuesday that it will start a Happy Credit Project where SKT users can collect points for purchasing products from social enterprises or small to medium-sized businesses. SKT users can collect Happy Credit Points if they buy products listed on the Good Consumption list posted [...]
SEOUL, May 29 (Korea Bizwire) – Social value, a concept defined as the product of resolving various social issues such as environmental problems and employment, is an inevitable trend of today’s era, experts argue. Panels at Social Value Connect 2019, held on Tuesday at the Grand Walkerhill Hotel Seoul, agreed that the act of seeking social [...]