Booyoung Group Joins Declaration of 'New Entrepreneurship'

72 Companies and 4 Economic Organizations Participate

On the 24th, attendees are posing at the 'New Entrepreneurship Declaration Ceremony' held at the Korea Chamber of Commerce and Industry in Jung-gu, Seoul. Photo by Booyoung Group

[Asia Economy Reporter Hwang Seoyul] Booyoung Group announced on the 25th that it has decided to participate in the 'New Entrepreneurship' initiative led by the Korea Chamber of Commerce and Industry. At the proclamation ceremony held the previous day, Choi Yang-hwan, CEO of Booyoung Housing, attended as the representative of Booyoung Group.

The declaration outlines five key action tasks: △ Creating jobs and enhancing 'economic value' through continuous innovation and growth △ Enhancing 'ethical value' through trust and respect for external stakeholders such as customers and partners △ Fostering a 'corporate culture' where organizational members feel rewarded and can develop △ Practicing 'eco-friendly management' for a clean future and better life △ Growing 'together with the local community,' the foundation of work and life.

A total of 76 entities, including 72 companies such as Samsung Electronics, SK, Hyundai Motor Company, and economic organizations like the Korea Chamber of Commerce and Industry and the Korea Employers Federation, pledged their participation by signing the declaration. Based on the declaration, a 'New Entrepreneurship Council' will be formed later to carry out specific activities.

Meanwhile, Booyoung Group was ranked first among Korea's top 500 companies in terms of donations relative to sales (as of 2014).