KICOX and L&F Sign Pilot Agreement for Joint Supply Chain Response
Establishing a System for ESG Assessment, Training, and Best Practice Identification
Expanding the ESG Joint Response Model Nationwide to Industrial Complexes
ESG (Environmental, Social, and Governance) management within industrial complexes has become more than just a corporate trend, emerging as a core pillar in building a sustainable industrial ecosystem.
The Korea Industrial Complex Corporation announced on the 22nd that it had signed a Memorandum of Understanding (MOU) on the 20th at the headquarters of L&F, a tenant company in the Daegu National Industrial Complex, to establish an "Industrial Complex ESG Supply Chain Partnership Leading Model."
Korea Industrial Complex Corporation signed a Memorandum of Understanding (MOU) on the 20th at the headquarters of L&F, a tenant company in the Daegu National Industrial Complex, to establish an "Industrial Complex ESG Supply Chain Partnership Leading Model." From left to right: Moon Kyungrok, CEO of Code Data Solution; Yoon Changbae, Head of Digital Innovation Division at Korea Industrial Complex Corporation; Cho Jeonghun, Executive Director of L&F; Jeong Seunghwa, Director of Senotec. Korea Industrial Complex Corporation
This agreement is jointly led by the Korea Industrial Complex Corporation, L&F (the primary contractor), and Code Data Solution (an ESG specialist organization), with three partner companies-Senotec, Mirae Advanced Materials, and JHC-participating. The goal is to promote the spread of ESG management within industrial complexes and to establish a collaborative response system for supply chains.
Under the agreement, the Korea Industrial Complex Corporation will actively pursue the establishment of an industrial complex-type ESG supply chain cooperation model, including: ▲ building a joint ESG response process between tenant companies and partner firms; ▲ supporting ESG assessments and improvement activities for partner companies; ▲ providing customized capacity-building education; and ▲ discovering outstanding ESG case studies.
In conjunction with the signing ceremony, a "Global New Trade Norms Response Seminar for the Secondary Battery Industry" was held, covering topics such as: ▲ key contents of the European Union's Corporate Sustainability Due Diligence Directive (CSDDD) and its impact on businesses; ▲ strategies for responding to EU battery and carbon regulations; and ▲ global supply chain risk management measures. This was followed by a presentation from Jeon Youngjin, CEO of Samsong Group, on "ESG Supply Chain Response Strategies in the Secondary Battery Industry."
Starting with this agreement and seminar, the Korea Industrial Complex Corporation plans to expand ESG supply chain response support to industrial complexes nationwide. The organization will also regularize on-site seminars on new trade norms and simultaneously pursue the development of policies and projects, as well as institutional support, to strengthen companies' ESG management capabilities.
In April, the Korea Industrial Complex Corporation was the only public institution selected for the "Large and Small Enterprises Autonomous ESG Support Project" organized by the Ministry of SMEs and Startups and the Korea Commission for Corporate Partnership, accelerating efforts to strengthen ESG supply chain response capabilities. Through this initiative, ESG consulting was provided to 142 small and medium-sized enterprises, and 110 companies participated in the joint supply chain response support project between primary contractors and partner firms, delivering tangible results for the "industrial complex-type ESG cooperation model."
In addition, this year, partner companies of major corporations in key industries such as automotive, electronics, and steel have participated in the joint supply chain response support project, helping tenant companies in industrial complexes build their ESG implementation capabilities and supply chain management systems together.
Yoon Changbae, Head of the Digital Innovation Division at the Korea Industrial Complex Corporation, stated, "This agreement is significant as it is the first leading case in which tenant companies and partner firms within an industrial complex jointly respond to global supply chain norms. We will strengthen our support to help Korean companies proactively respond to changes in international norms by spreading the industrial complex-type ESG supply chain partnership model."
[The Asia Business Daily · Korea Industrial Complex Corporation Joint Project]
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