Samyang Foods to Pursue ESG Management Together with Partners

On the 20th, at the Samyang Foods headquarters, Kim Jeong-su, Chairman of the ESG Committee at Samyang Foods (right), and Lee Jin-ok, CEO of eCredible (left), signed a business agreement and took a commemorative photo.

[Asia Economy Reporter Seungjin Lee] Samyang Foods has decided to actively support the ESG (Environmental, Social, and Governance) management of its partner companies.

On the 20th, Samyang Foods announced that it signed a "Samyang Foods Partner Company ESG Management Support Business Agreement" with the corporate credit rating agency eCredible at its headquarters in Hawolgok-dong, Seongbuk-gu. The signing ceremony was attended by Kim Jeong-su, Chairman of Samyang Foods' ESG Committee, and Lee Jin-ok, CEO of eCredible, among others.

Based on this agreement, Samyang Foods plans to actively support partner companies in adopting and practicing ESG management in collaboration with eCredible. In the first half of the year, they will conduct an evaluation of the ESG management status of partner companies and seek improvement measures together, with plans to expand the support scope to the entire supply chain in the future.

Kim Jeong-su, Chairman of the ESG Committee, stated, "We aim to create opportunities for mutual growth by supporting partner companies to actively participate in ESG," and added, "We will strive to create greater socio-economic value by practicing ESG management together with our partner companies."

Meanwhile, this year Samyang Foods established an ESG Committee under its board of directors and has been focusing on strengthening ESG competitiveness, including holding a joint labor-management declaration ceremony for ESG management implementation on the 8th.