social value Archives | Be Korea-savvy
SK hynix Creates More Social Value Last Year on the Back of Semiconductor Boom

SK hynix Creates More Social Value Last Year on the Back of Semiconductor Boom

SEOUL, May 11 (Korea Bizwire) — SK hynix Inc., South Korea’s No. 2 chipmaker, said Monday that it created 4.88 trillion won (US$4.37 billion) worth of social value last year through environment, social and governance (ESG) management, up 36 percent from 3.58 trillion won a year ago. It made an indirect economic contribution of 5.37 [...]

SK to Develop International Standards to Measure Social Value in 3 Years

SK to Develop International Standards to Measure Social Value in 3 Years

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 [...]

SK Group Introduces System to Measure Social Value

SK Group Introduces System to Measure Social Value

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 [...]

Unused Land Near Highway in Gangwon Province Repurposed to Create Social Value

Unused Land Near Highway in Gangwon Province Repurposed to Create Social Value

WONJU, Nov. 2 (Korea Bizwire) — The Korea Expressway Corp.’s Gangwon Regional Headquarters has been receiving praise for actively trying to create social value by repurposing unused land near highways in the province. In addition to the communal farmland that was created in Donghae for those in need earlier in the year, construction of a [...]