[Invest&Law] Barun Law and KORPA to Host Forum on Advancing Risk Management Systems in the Post-ESG Era

To Be Held on November 4
Academia, Legal Experts, and Industry Practitioners
to Discuss Solutions for Integrated Risk Management

Barun Law LLC (Co-Representatives: Lee Donghun, Lee Younghee, and Kim Dohyung) announced on October 29 that it will co-host the 2025 Second Half Management Forum Series with Korea Proxy Advisory (KORPA, CEO: Jung Seokho).

The forum, titled "Transition to Next Risk Governance in the Post-ESG Era: Advancing Risk Management Systems to Enhance Corporate Value," will take place on November 4 at the 15th-floor conference hall of the Barun Building in Gangnam-gu, Seoul.

Recently, Korean companies have reached a turning point in the integrated management of non-financial risks, including climate change, supply chain management, human rights and labor responsibilities, and governance innovation. As a result, there is a consensus in the legal community that Korean companies must comprehensively overhaul their risk management systems and actively pursue strategies to internalize ESG management elements in line with next year's business outlook.

The Barun Corporate Strategy Research Institute (Director: Lee Junhee) analyzed that ESG-related risks are intertwined with various factors such as domestic regulations, client demands, and evaluation responses, leading to high costs and inefficiencies in corporate management. Therefore, establishing an integrated risk control and management system has emerged as a top priority.

Director Lee stated, "As internal control structures have been operated separately by function, such as finance/accounting and compliance, the potential for gray-area risks has increased. There is a growing demand for innovation in risk governance to improve and revamp these structures."

This forum was organized in response to these concerns, aiming to explore the current status and challenges of the GRC (Governance, Risk, Compliance) system, as well as institutional and practical solutions, to realize the "Korea Premium."

The forum consists of two sessions, discussing risk management systems from both institutional and practical business perspectives. In Session 1, "Current Issues and Challenges in Korean Corporate Risk Governance," Shin Hyunhan, Professor of Business Administration at Yonsei University (Chairman of the KORPA Advisory Board), will present on "Governance Issues and Directions for Transition to Achieve the Korea Premium," and Noh Junhwa, Professor of Business Administration at Chungnam National University (Chairman of the Internal Accounting Management Committee), will speak on "Changes in Risk Management of Domestic Companies: Innovation in Integrated Internal Control." The subsequent panel discussion, chaired by Attorney Baek Changwon (Judicial Research and Training Institute, Class 33), will feature Kim Jongpil, Head of Sustainability Strategy at LG Chem; Park Byungjun, Head of Corporate Governance at KORPA; Joo Myungsoo, Head of Risk Management at KB Kookmin Bank; and Hong Sangbeom, Attorney at the Overseas Legal Team of Samsung Electronics.

Session 2, "The Current State and Response Strategies for Risk Management in Korean Companies," will include presentations by Attorney Park Sangoh (2nd Bar Exam) on "Application and Issues of Integrated GRC in Medium-Sized and Small Enterprises," and Lee Euikyu, Head of Legal Content at Law&Company, on "Key Points of Change in Corporate Risk Management Using AI Technology." The panel discussion, chaired by Director Lee, will feature Sung Jungyu, Head of Sustainability Management at Ecopro; Son Beomjeong, Head of Legal and CP at Korea United Pharm; and Attorney Lee Hyungjin (Class 42), as well as practitioners from the manufacturing, pharmaceutical, and IT sectors.