SK Group Chairman Chey Tae-won emphasized the importance of inter-company cooperation and resource solidarity to address social issues. He stated, “We must move beyond individual achievements and open a new decade focused on creating collective impact.”
Chairman Chey attended the “10th Anniversary Celebration of the Social Progress Credit (SPC)” held on the 1st of this month at the Korea Chamber of Commerce and Industry in Jung-gu, Seoul. At the event, he reflected on the accomplishments of the past decade and outlined the future direction of the initiative.
SPC is the first project in Korea to convert the social performance of social enterprises into monetary incentives. It was officially launched in 2015 following Chairman Chey’s proposal. To date, a total of 71.5 billion KRW has been provided to 468 companies.
He stated, “Now is the time to go beyond the social value created by individual companies. Businesses, local governments, and institutions must work together to generate collective impact,” and added, “By creating a market where social value can be traded, we can expand resources and accelerate the resolution of social problems.”
Currently, SPC is collaborating with six local governments to support the creation of social value by 69 companies. It is also actively engaged in global research partnerships. Last year, SPC garnered international attention through a joint study conducted by the Schwab Foundation for Social Entrepreneurship and the Center for Social Value Enhancement Studies.
At the event, eight companies and organizations were honored with achievement awards for their contributions to the expansion of SPC. Awards were presented in various categories such as “Performance Creation” and “Inclusive Innovation,” underscoring the growth of the social value ecosystem.
Chairman Chey concluded, “If more SPC companies emerge and continue to grow, the pace of social change in our society will accelerate even further.
SK Chairman Chey Tae-won: “Corporate Solidarity for Collective Impact, Accelerating Social Problem Solving” - 스페셜경
SK Group Chairman Chey Tae-won emphasized the importance of inter-company cooperation and resource solidarity to address social issues. He stated, “We must move beyond individual achievements and ...
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