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South Korea embraces stakeholder supremacy approach to corporate governance


South Korea embraces stakeholder supremacy approach to corporate governance
Ji-Pyoung Kim of Kim & Chang discusses how the emergence of ESG and the importance of sustainability have shifted traditional patterns of corporate decision-making in South Korea
July 01 2021
Many corporations and investors in South Korea have recently turned their attention to ESG management, which is a term for a corporate management approach that actively considers and improves environmental, social and governance concerns.
Institutional investors, including major pension funds such as the National Pension Services, and asset management companies, such as SSG and Blackrock, are prioritising ESG as an important standard for corporate investment and for the exercise of shareholder rights in portfolio companies. Many corporations have also been introducing policies to establish ESG committees and reinforce activities that recognise ESG values. Even stakeholders that ....

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