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ESG Weekly Review | South Korea Risk Spotlights for April 1-7, 2024

ESG Weekly Review | South Korea Risk Spotlights for April 1-7, 2024

ESG Weekly Review | South Korea Risk Spotlights for April 1-7, 2024

ESG Weekly Review | South Korea Risk Spotlights for April 1-7, 2024

FairLabs Team

2024. 4. 8.

Weekly ESG Risk Spotlight (April 1~7)



Key takeaways


  1. Persistence of Key ESG Risks: 'Competitive Behavior', 'Labor Practices', and 'Business Ethics' are the primary risk categories this week, consistent with ongoing trends, signaling unrelenting challenges in these domains.

  2. Focus on Labor Practices: 'Samsung Electronics', 'Asiana Airlines', and 'SPC Samlip' have been consistently highlighted in discussions around 'Labor Practices', indicating persistent controversies in these notable companies.

  3. Competitive Behavior Highlighted by Legal Resolution: The resolution of the dispute between 'Wemade' and 'Actoz Soft' marks a significant development in 'Competitive Behavior', one of the leading ESG controversies. This resolution exemplifies a critical step towards addressing competitive tensions and legal challenges within the industry.

  4. Broad Spectrum of Emerging Risks: Beyond the primary categories, risks such as 'Systemic Risk Management', 'Material Sourcing & Efficiency', and 'Access & Affordability' are identified, illustrating the wide range of areas companies need to navigate and manage strategically.


1. Competitive Behavior(24.81%)


2. Labor Practices(18.98%)


3. Business Ethics (15.57%)


4. Employee Health & Safety(8.17%)


This week's ESG review underscores persistent challenges in 'Competitive Behavior', 'Labor Practices', and 'Business Ethics', with the resolution of the 'Wemade' vs. 'Actoz Soft' dispute highlighting progress in competitive disputes. Meanwhile, recurring labor controversies at major firms like 'Samsung Electronics', 'Asiana Airlines', and 'SPC Samlip' emphasize the need for ongoing attention to labor practices, alongside emerging risks in systemic management, sourcing efficiency, and accessibility.



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Reach Us

FAIR LABS CO., LTD.

83 Uisadang-daero, Yeongdeungpo-gu, Seoul

team@fairlabs.io

Copyright 2024. All Rights Reserved.

Reach Us

FAIR LABS CO., LTD.

83 Uisadang-daero, Yeongdeungpo-gu, Seoul

team@fairlabs.io

Copyright 2024. All Rights Reserved.