corporate social responsibility Archives | Be Korea-savvy
Foreign Businesses in South Korea Stingy with Charitable Donations

Foreign Businesses in South Korea Stingy with Charitable Donations

SEOUL, May 12 (Korea Bizwire) – Corporate analysis website CEO Score revealed in its latest report that foreign businesses are thrifty with corporate philanthropy, donating on average a mere 0.05 percent of their total sales here. Instead, 75.9 percent of their profits were paid as dividends to their head offices back home. According to the [...]

Hyundai Ranks 10th in Corporate Social Responsibility in China

Hyundai Ranks 10th in Corporate Social Responsibility in China

SEOUL, Oct. 31 (Korea Bizwire) – Hyundai Motor Group is quickly expanding its Chinese operations, and along with it, its corporate social responsibilities. According to Beijing Hyundai Motor, a joint-venture between Beijing Automotive Group and Hyundai Motor Company, the Korean auto-group was given the highest CSR development index score this year among all automakers in [...]

CSR Fulfillment Evolves to Involve Customers

CSR Fulfillment Evolves to Involve Customers

SEOUL, June 30 (Korea Bizwire) – As corporate social responsibility has rapidly gained wide acceptance as one of the corporate core duties, the current trend has evolved to involve participation from customers. Such evolution has shifted the companies’ CSR style from making sporadic donations to take a step further to initiate social contribution programs which get [...]

No CSR, NO Orders for Overseas Construction Projects

No CSR, NO Orders for Overseas Construction Projects

SEOUL, June 21 (Korea Bizwire) – The corporate social responsibility (CSR) activities of domestic companies become increasingly crucial as South Asian and Southeast Asian countries centering on India ask them to expand the CSR activities. For example, India enforced a law making CSR activities compulsory for large companies last April. According to the law, companies [...]

[Feature] More Korean Companies in China Appreciate the Value of CSR

[Feature] More Korean Companies in China Appreciate the Value of CSR

SEOUL, June 15 (Korea Bizwire) – More and more Korean companies are spending generously on employee welfare and making donations for good social causes. For example, a manufacturer with a production site in China’s Tianjin recently established a building for employees who take turn in three shifts so that they can take ample rest and [...]