SEOUL, May 21 (Korea Bizwire) – Energy-to-telecom conglomerate SK Group on Tuesday unveiled a system to measure the social value created by its affiliates, emphasizing its new business philosophy to share benefits with society. Social value refers to the achievements of a company in resolving various social issues, such as pollution and jobs, through its [...]
SEOUL, May 14 (Korea Bizwire) — Inspired by the abandoned plastic from the stomach of a whale that died in Ulsan, a social enterprise is receiving positive reviews for producing and selling eco-friendly whale dolls that reflect on the protection of the marine environment. SK Innovation Co., South Korea’s top oil refiner, announced on Monday that [...]
SEOUL, Apr. 22 (Korea Bizwire) — Samsung Group will lead a worldwide program for environmental protection in 25 countries as the company celebrates Earth Day on April 22. Thirteen Samsung subsidiaries including Samsung Electronics Co., Samsung Display Co., Samsung SDI CO. and others will participate in a six-week program to collect old mobile phones from [...]
SEOUL, Apr. 19 (Korea Bizwire) — CJ Logistics Corp. announced on Thursday that the amount of deliveries it has made has surpassed 480,000 boxes through the development-impaired delivery business, one of the company’s CSV (Creating Shared Value) business models based on the logistics industry. When the logistics unit of South Korean food and entertainment conglomerate [...]
SEOUL, Apr. 1 (Korea Bizwire) — SK Energy Co. said it will fund the replacement aged oil tank trucks to tackle fine dust as well as promote coexistence with partners. The energy giant doubled the budget (US$3.7 million) for replacing oil tank trucks operated by partner companies at a low interest rate of 2 percent. [...]
SEOUL, Mar. 21 (Korea Bizwire) — South Korea’s three mobile carriers are actively joining efforts to cut greenhouse gases in a bid to boost their eco-friendly image and earn carbon credits for the 5G era, industry sources said Thursday. Top mobile carrier SK Telecom Co. and nine other affiliates of SK Group have decided to [...]
SEOUL, Feb. 19 (Korea Bizwire) — “I’m the father of two children. That’s why I am interested in the concerns of the South Korean youth. I will strive to create new hopes and dreams for those who will always be loved,” said Lee Jae-yong, vice chairman of Samsung Electronics Co. at the 2019 business dialogue [...]
SEOUL, Dec. 7 (Korea Bizwire) — One Korean company that currently operates a factory in Indonesia was pressured to set up a prayer room at its local factory site. This is because one of its global clients asked the company to practice corporate social responsibility (CSR) that takes into consideration the religious and cultural characteristics [...]
SEOUL, Nov. 19 (Korea Bizwire) — Social contributions by South Korea’s 500 largest companies jumped more than 30 percent in 2017 thanks to more favorable political and other conditions, a report said Monday. Out of the top 500 firms by sales, 198 businesses contributed a combined 2.7 trillion won (US$2.4 billion) to social activities last [...]
SEOUL, Sept. 10 (Korea Bizwire) — SK hynix Inc., the world’s second-largest memory chipmaker, is said to be set on building a general hospital in Wuxi, a city in Jiangsu Province, home to a factory operated by the South Korean semiconductor giant. According to industry insiders, SK hynix CEO and Vice Chairman Park Sung-wook recently [...]