Ethical Performance
inside intelligence for responsible business


Korea gets Compact network

November 2007

A Global Compact Network has been set up to promote ethical business standards and practice in Korea.

The new group is the latest of more than 80 Global Compact country and regional networks and brings together more than 80 Korean businesses and other stakeholders, including some of the country’s largest corporations.

The inauguration in Seoul was organized by the United Nations Development Programme in Korea, the Korean government and the network’s preparatory committee.

Ban Ki-moon, the UN secretary-general, said in a video message to the inauguration: ‘This network is a tremendous opportunity for you as business leaders. By supporting the Global Compact, you become advocates and ambassadors for the UN and its mission, and you will help bolster Korea’s role as a global hub of trading and manufacturing.’ He hoped the network would become ‘a model for others to follow’.

Song Min-soon, Korea’s foreign affairs and trade minister, said the network would, first of all, focus on being ‘an educational network for sharing success stories’ – and hoped it would also ‘play a role in shaping Korea into a society heralded for its transparency, environmental friendliness and respect for human rights.’

Other supporting speeches were delivered by Sohn Kyung-shik, chairman of the Korea Chamber of Commerce and Industry; Ahn Kyong-Whan, president of the National Human Rights Commission of Korea; Lee Jong-baek, chairman of the Korea Independent Commission Against Corruption, and Lee Yong Deuk, president of the Federation of Korean Trade Unions.

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