Samsung Biologics announced on Jan. 22 that it has been awarded the Platinum medal, the highest rating given only to the top 1% of companies, in Environmental, Social, and Governance (ESG) evaluation by EcoVadis, a global sustainability assessment firm.Established in France in 2007, EcoVadis evaluat
During a press conference at the JP Morgan Healthcare Conference (JPMHC), the world’s largest pharmaceutical and biotech investment event, on Jan. 10 (local time), Celltrion Group Chairman Seo Jung-jin announced that the company plans to establish a healthcare investment fund worth 100 trillion won.
Park Hyun-joo, chairman of Mirae Asset Group, has pledged to donate 25 percent of his stake in Mirae Asset Consulting to the Mirae Asset Hope Foundation to foster national talent.Mirae Asset Group announced on Jan. 2 that Park, the founder of the group, signed a donation agreement with the Mirae Ass
In South Korea, the prolonged phenomenon of an “ultra-low birth rate” is threatening the sustainability of its population and the very foundation of national existence.A recent column in The New York Times, titled “Is South Korea Disappearing?,” has raised alarms about the speed of population declin
On the morning of Dec. 23 a fire broke out at POSCO’s Pohang Works, temporarily halting the operation of three blast furnaces. The government and POSCO said that the restart of the furnaces after putting out the fire would not cause any major disruption to the production and supply of products. Howe
Chairman Lee Chan-hee of Samsung Group’s Compliance Committee revealed on Dec. 19 that, if necessary, the committee plans to convey opinions or recommendations in response to a foreign hedge fund’s call for reforms in Samsung’s corporate governance structure.Speaking to reporters before attending th
Coway Co., Ltd., the “Best Life Solution Company,” announced that it is on the ‘2023 Dow Jones Sustainability Asia Pacific Index (“DJSI Asia Pacific”)’ for the 11th consecutive year. Of the 609 evaluated companies worldwide, only 156, the top 25.6%, were selected, and only 36 companies from South Ko
As the shareholder meeting season approaches in March next year, activist funds are gearing up for more assertive actions. Some stocks targeted by activist funds are experiencing price fluctuations in anticipation of the resolution of undervaluation. The securities industry is anticipating that shar
McKinsey & Company released an economic diagnosis report titled “Korea’s Next S-Curve” on Dec. 11. This report comes ten years after the firm’s previous report titled “Beyond Korean style: Shaping a new growth formula,” suggesting that the South Korean economy has reached its growth limits.In its re
Hyosung Advanced Materials has been newly included in the 2023 Dow Jones Sustainability Indices (DJSI) Korea.The DJSI is a global sustainability management assessment index published annually by S&P Global Switzerland, the world’s largest financial information provider.Companies incorporated into th
Activist funds pushing for better corporate governance and increased shareholder returns are expected to make many moves ahead of the annual shareholder meeting season for listed companies early next year.Major activist funds Truston Asset Management (Taekwang Industries-BYC), Align Partners Asset M
In the market on Dec. 6, there is a stark difference in perspectives regarding the public acquisition of Hankook & Company by MBK Partners, the largest private equity fund in South Korea. Some view it as “an intervention for the normalization of corporate value,” while others perceive it as “a hosti
The U.S. government has clarified a regulation denying subsidies for electric vehicles with parts made by Chinese state-affiliated companies by stating that it includes joint ventures with foreign entities outside of China if the ownership stake of the Chinese company in the venture exceeds 25%. It
Samsung Electronics has been ranked among the top five global brands for the fourth consecutive year.The Korean tech giant took fifth place in the world with a brand value of US$91.4 billion. This is a 4 percent jump from 2022, according to the Global 100 Brands released by Interbrand, a global bran
Kolmar Korea Holdings has been recognized as a leading company in sustainable management in South Korea for the second consecutive year, owing to its achievements in environmental, social, and governance (ESG) management.The company announced on Nov. 16 that it was appointed to the 2024 Lead Group d
Pernod Ricard Korea, the Korean division of the global wine and spirits company Pernod Ricard, has demonstrated as one of the top 3 finalists in the ‘Golden Stars’ category and received the certificate at the ECCK Sustainability Awards 2023 organized by the European Chamber of Commerce in Korea.The
HYOSUNG TNC has significantly advanced, obtaining an AA rating in the Morgan Stanley Capital International (MSCI) Environmental, Social, and Governance (ESG) assessment, a notable improvement from its previous position.The MSCI ESG Ratings are a globally acknowledged benchmark used by leading corpor
S-OIL announced on Nov. 7 that it has received an A+ rating in this year’s ESG Comprehensive Assessment conducted by the Korea Institute of Corporate Governance and Sustainability (KCGS), the country’s leading environmental, social and governance (ESG) rating organization.S-OIL simultaneously operat
A university professor has pointed out that the holding company system that was introduced to curb the concentration of economic power by large conglomerates is being utilized as a means to maintain corporate control and aid corporate succession by owning families.Shin Young-soo, a professor at Kyun
Coway Co., Ltd., the “Best Life Solution Company,” announced that it has achieved an A grade in the 2023 ESG overall ratings hosted by the Korea Institute of Corporate Governance and Sustainability (KCGS). This marks a notable improvement from the previous year's B+.The Korea Institute of Corporate