Small Business Association, First Small Business Organization to Announce 'ESG Management' Declaration

Launch of the ESG and Social Contribution Committee

The Korea Federation of Micro Enterprises announced on the 28th that it has become the first small business organization to declare ESG (Environmental, Social, and Governance) management and has launched the ESG and Social Contribution Committee.

The Federation's ESG and Social Contribution Committee is composed of five members from both inside and outside the federation. Professor Kang Seon-kyung of Sogang University and Lim Su-taek, President of the Korea Internet PC Culture Association, jointly serve as the inaugural co-chairs. Kwak Ui-taek, President of the Korea Micro Enterprise Promotion Association, was appointed as vice-chair, while Kang Seong-min, President of the Korea Franchise Trade Association, and Kim Jin-gyu, Director at Naver, were appointed as committee members.

Small Business Association, Launch of the 1st ESG and Social Contribution Committee. Provided by Small Business Association

The committee will select topics and discuss detailed content related to the core ESG tasks that the Federation will pursue, based on expert analysis and advice on key issues facing small business owners. In particular, it is expected to play a leading role in areas such as ▲ advising and reviewing strategies and implementation plans related to ESG policies and management ▲ gathering opinions and making recommendations on major plans related to ESG policy promotion ▲ conducting ESG policy research and publishing reports.

Chairman Song Chi-young stated, "Since 2020, the Korea Federation of Micro Enterprises has faithfully served as a bridge connecting ESG activities of corporations and government agencies with small business owners through various social activities." He added, "Especially after being designated as a specified donation organization (currently a public interest corporation) in 2023, a foundation has been established to secure continuous growth momentum through collaboration with specialized related institutions, academic societies, and win-win companies."

Furthermore, Chairman Song said, "I expect that the newly established ESG and Social Contribution Committee will serve as a compass that formulates strategies for social contribution activities befitting the status and social role of the Korea Federation of Micro Enterprises and points the way forward."