Korea Commission for Corporate Partnership Signs Business Agreement with KORAIL for 'ESG Support Program for Partner Companies'

Providing ESG Education and More to Partner SMEs

The Korea Commission for Corporate Partnership announced on May 26 that it will sign a business agreement with Korea Railroad Corporation (KORAIL) to promote the '2025 ESG Support Program for Partner Companies.'

Through this agreement, KORAIL plans to contribute to the mutual growth cooperation fund and provide comprehensive support to its partner small and medium-sized enterprises (SMEs). This support will include ESG education, on-site inspections (consulting), and improvement activities, all based on the SME ESG Standard Guidelines.

KORAIL is participating in this program for the second consecutive year, following its involvement last year. The company is taking the lead in enhancing the sustainability of the railway industry supply chain and spreading a culture of mutual growth with SMEs. Notably, last year, 6 out of the 10 supported partner companies achieved the 'ESG Excellent SME Certificate.'

The Korea Commission for Corporate Partnership issues the ESG Excellent SME Certificate to partner companies that demonstrate outstanding compliance with ESG indicators following consulting. Companies selected as ESG Excellent SMEs receive various benefits, including preferential interest rates, advantages in overseas market entry support programs, and support for environmental and energy technologies.

Lee Dalgon, Chairman of the Korea Commission for Corporate Partnership, stated, "KORAIL is an exemplary case of a public institution working to spread ESG management throughout the railway industry supply chain. We will actively support more SMEs in integrating ESG into their management and enhancing their global competitiveness."

Han Moonhee, President of KORAIL, said, "To strengthen the competitiveness of the railway, a representative network industry, we must maximize synergy through mutual growth with SME partners. We will spread the value of mutual growth throughout the railway industry by providing tailored ESG support to capable partners in each field."