[Featured Stock] Korea Technology Rises on Appointment of ‘Yoon Seok-yeol’s Close Friend’ Lawyer Moon Kang-bae as ESG Chairman

[Asia Economy Reporter Jang Hyowon] Korea Technology is showing strength following news that Moon Gang-bae, a lawyer known as a friend of former Prosecutor General Yoon Seok-yeol, has been appointed as the chairman of the ESG (Environmental Protection, Social Contribution, Governance) Management Committee.

As of 9:19 AM on the 2nd, Korea Technology is trading at 1,205 KRW, up 4.78% compared to the previous day.

Korea Technology and Daewoo Shipbuilding & Marine Engineering Construction announced the day before that on the 31st of last month, at T Tower in Jung-gu, Seoul, the two companies resolved to establish an integrated 'ESG Management Committee' under their respective boards of directors to strengthen the group's ESG execution capabilities and enable efficient decision-making.

The ESG Management Committee serves as the highest decision-making body for ESG management within the group. It establishes ESG strategies and policies and receives reports on various progress and outcomes. Through this, both companies plan to solidify their ESG management systems encompassing Environmental Protection, Social Contribution, and Governance.

Moon Gang-bae, a lawyer at the law firm Bae, Kim & Lee LLC and an outside director of Korea Technology, was appointed as the chairman of the integrated ESG Management Committee (photo). Moon is a classmate of former Prosecutor General Yoon from Seoul National University, class of '79, and they have been close friends since their university days. In July, former Prosecutor General Yoon personally attended Moon's eldest daughter's wedding to offer congratulations.