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Korea Economic Institute of America Presents:

HYBRID EVENT | ESG Policy Trends in South Korea’s Public Institutions

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Event Date

December 19th 2:00pm - 3:00pm EST

Event Location

YouTube & KEI Conference Facility

Hochang Song
Managing Director of ESG East Asia Strategy
FiscalNote
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Chang Wook Min
Partner & Head of Compliance Practice
Jipyong LLC, ESG Center
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Clint Work
Fellow and Director of Academic Affairs
Korea Economic Institute of America
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Event Video
Key Points

Here are some takeaways from the event:

  • South Korea’s ESG policy for public institutions has made some meaningful achievements, particularly regarding social value.
  • The ESG policy for public institutions has also faced some controversy, limitations, and challenges.
  • Moving forward, the Yoon administration and future administrations should emphasize consistent criteria and maintain communication between opposing political parties to fulfill ESG goals.

 

Event Description

Based on global trends, the South Korean government has begun to lay greater stress on environmental, social, and governance (ESG) policies. Given the important role that public institutions play in the South Korean economy, the government decided such institutions were the fastest and strongest driver for implementing ESG policies and actively utilized them to spearhead ESG policy implementation — evinced by more comprehensive, detailed and heavily weighted ESG-related criteria in evaluation standards. Although it is still too early to comprehensively evaluate its performance, South Korea’s ESG policy for public institutions shows some notable achievements and should not be overlooked. While the policy cannot be applied to all countries, it sets a meaningful example for countries with strong central governments and public institutions that can serve as a conduit for implementing ESG policies.

Please join KEI for a discussion with Hochang Song and Chang Wook Min about the previous Moon administration’s ESG policy in South Korea’s public institutions, its success in reducing the number of non-regular workers and creating more and better jobs, some of the controversial limitations of the policy, and its prospects for the future and as a model for other countries to follow.

You can read Mr. Song and Mr. Min’s paper here – https://keia.org/publication/esg-policy-trends-in-south-koreas-public-institutions/

This event will be a hybrid with a limited in-person audience.

If you would like to attend in person – please RSVP here (KEI)

To join us virtually via YouTube – please RSVP here (YouTube Live)