An industrial policy approach to expanded private sector ESG and its implications

Yong Kim (), Jaehan Cho and Danbee Song
Additional contact information
Yong Kim: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr

No 21/18, i-KIET Issues and Analysis from Korea Institute for Industrial Economics and Trade

Abstract: Despite the increased interest in corporate environmental, social, and governance (ESG) management, which reflects social values within the business environment, discussions on ESG-related policies are limited in that they are overly focused on ESG reporting standardization. K-ESG should be utilized as a guideline to develop policies that increase ESG management competence. Such policies should selectively chose which types of firms to support, with specific policy measures and targeted areas. This analytical brief analyzes the status of ESG governance in Korea and proposes a set of policies aimed at strengthening corporate ESG competencies.

Keywords: ESG; corproate governance; Korea; ESG policy; SMEs; small and medium-sized enterprises; tax policy; subsidies; R&D; firm performance; industrial organization; management performance; business management; management competence (search for similar items in EconPapers)
JEL-codes: H25 L10 L21 L22 L25 M14 M20 M48 O32 O33 O38 Q56 Q58 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2021-11-02
New Economics Papers: this item is included in nep-env
References: Add references at CitEc
Citations:

Downloads: (external link)
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4324994 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:kietia:2021_018

Access Statistics for this paper

More papers in i-KIET Issues and Analysis from Korea Institute for Industrial Economics and Trade Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea. Contact information at EDIRC.
Bibliographic data for series maintained by Aaron Crossen ().