Will BlackRock divest from Kakao over ESG issues? : vimarsan

Will BlackRock divest from Kakao over ESG issues?


By Park Jae-hyuk
BlackRock appears to be falling into a dilemma over its strategy to prioritize environmental, social and corporate governance (ESG) criteria after Kakao sparked severe public criticism for an alleged workplace bullying incident, just a few days after the IT firm attracted an additional investment from the world's largest asset management company.
Given that commitment to employee welfare is classified as a "social factor" in ESG criteria, attention is focused on whether or not BlackRock will reconsider its investment in Kakao.
According to its recent regulatory filing, BlackRock became the fourth-largest shareholder of Kakao last Monday, following Kakao Chairman Kim Beom-su, the National Pension Service (NPS) and Tencent's subsidiary Maximo, by increasing its stake to 5.18 percent from 4.96 percent. The Kakao shares held by BlackRock are worth over 2 trillion won ($1.8 billion).

Related Keywords

New York , United States , South Korea , Blackrock , Korea , Larry Fink , Kim Beom Su , National Pension Service , Ministry Of Employment , Korea Corporate Governance Service , Kakao Chairman Kim Beom Su , Corporate Governance Service , Kim Jin Sung , Kakao , Esg , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , தெற்கு கொரியா , கருப்பு பாறை , கொரியா , லாரி ஃபிங்க் , கிம் பீம் சு , தேசிய ஓய்வூதியம் சேவை , அமைச்சகம் ஆஃப் வேலைவாய்ப்பு , கொரியா பெருநிறுவன ஆளுகை சேவை , காக்ககோ தலைவர் கிம் பீம் சு , பெருநிறுவன ஆளுகை சேவை , கிம் ஜின் பாடியது , காக்ககோ , எ.கா. ,

© 2025 Vimarsana