August 2024

Corporate Social Responsibility (CSR) in South Korea faces several unique challenges as companies increasingly engage in global markets and face heightened expectations from stakeholders. While large ‘chaebols’ (family-owned conglomerates) such as Samsung, Hyundai, and LG lead the way in CSR initiatives, there are specific challenges related to ‘corporate governance’, ‘labour practices’, ‘environmental sustainability’, and ‘transparency’ […]

Corporate Social Responsibility (CSR) in South Korea has evolved significantly over the years, with companies increasingly adopting socially responsible practices that align with global standards. South Korea’s approach to CSR is shaped by the nation’s rapid industrialisation and the influence of ‘chaebols’ (large family-owned business conglomerates like Samsung, Hyundai, and LG). Traditionally, South Korean companies