SEOUL, May 23 (Korea Bizwire) — SK Group said Monday it generated 18.4 trillion won (US$14.5 billion) in “social value” last year, in its first disclosure of its nonfinancial performance related to environmental, social and other areas, as it accelerates its drive for sustainability. The amount marks an increase of 7 trillion won from the [...]
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 [...]
SEOUL, Feb. 17 (Korea Bizwire) — KEPCO KDN Co., a power information technology solution provider that is wholly owned by state-run power company KEPCO, announced Tuesday the launch of a social value measurement system system that measures the fulfillment of social values carried by various projects at the company. It is the first of its kind [...]
SEOUL, Jan. 16 (Korea Bizwire) — From now on, “social values” will be considered as important evaluation factors in the recruitment and promotion of civil servants, financial projects and public procurement. Analysts say that the government has come up with measures to enhance social values centering on the public sector in order to boost the [...]
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, 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 [...]
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 [...]
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 [...]