Incentives: Tax Benefits: Companies that engage in environmentally friendly practices or invest in renewable energy may qualify for tax incentives or reductions. Public Recognition: Firms that excel in ESG performance…
Regulatory Framework: South Korea has established a regulatory framework that requires companies to disclose their ESG strategies and performance. This includes the Financial Services Commission (FSC) and the Korea Exchange…
Green Finance Initiatives: The South Korean government promotes green finance through various initiatives, including the Green Finance Action Plan, which encourages investments in renewable energy projects and green infrastructure. Regulatory…
Cross-Border Regulations: Globalization has led to the emergence of international ESG regulations and standards, which influence domestic policies. South Korean companies engaging in international trade must comply with ESG standards…
Sector-Specific ESG Guidelines: The South Korean government has developed sector-specific guidelines tailored to high-impact industries such as energy, mining, and manufacturing. These guidelines address unique environmental and social challenges associated…
