Business Social Responsibility in South Korea: A Study of Relationships Between Korean Companies and NPOs

2017 ◽  
pp. 73-92
Author(s):  
Jo-Eun Seok
Keyword(s):  
Social Responsibility ◽  
South Korea

scholarly journals Exploring the Sustainability Concepts Regarding Leather Apparel in China and South Korea

2019 ◽  
Vol 11 (19) ◽  
pp. 5389 ◽  
Author(s):  
Hye Jung Jung ◽  
Kyung Wha Oh
Keyword(s):  
Social Responsibility ◽  
South Korea ◽  
Behavioral Intentions ◽  
Structural Equation ◽  
Sustainable Consumption ◽  
Environmental Knowledge ◽  
Equation Modeling ◽  
Sustainable Future ◽  
Perceived Consumer Effectiveness ◽  
The Government

Sustainability in business and personal life has increased over the past few years and is continuing to develop. Consumption in the clothing and textiles industry causes a significant impact on the environment and utilizes unsustainable practices, from clothing production to use and disposal. With shifts toward a more sustainable future within the government, businesses, and society, the apparel industry and consumers must prepare for a sustainable future. This study examines the determinants of sustainable apparel consumption behavior in China and South Korea. Theoretical and practical evidence from the literature on sustainable consumption is applied to develop a model for investigating the consumers’ behavioral intentions to buy, use, and recommend sustainable leather apparel products. Environmental knowledge, perceived consumer effectiveness, sustainable consumption beliefs, and self-enhancement are proposed as key determinants of behavioral intention to buy, use, and recommend eco-friendly faux leather apparel (E-FLA). The hypothesized antecedents of these concepts are part of the model, as modified by the theory of planned behavior, and the model is examined using structural equation modeling on data from a sample of 450 respondents collected in China and South Korea. An analysis of data is carried out to identify the underlying dimensions of sustainable consumption beliefs and behaviors including pro-environmentalism, social responsibility, and animal conservation. The results show that the key determinants of behavioral intentions to buy, use, and recommend E-FLA are pro-environmentalism and social responsibility, which are related to sustainable consumption belief dimensions and consumers’ self-enhancement. The positive determinants of sustainable consumption beliefs are found to be both environmental knowledge and perceived consumer effectiveness. These results suggest the need for greater environmental knowledge and perceived consumer efficiency in the effort to achieve more sustainable clothing consumption. The implications of the findings for public policy and recommendations for further studies are outlined and discussed.

What drives social responsibility commitment? An empirical analysis of public enterprises in South Korea

2020 ◽  
pp. 002085231989064
Author(s):  
Seok Eun Kim ◽  
You Hyun Kim
Keyword(s):  
Social Responsibility ◽  
South Korea ◽  
Ethical Behavior ◽  
Governance Structure ◽  
Public Enterprises ◽  
Socially Responsible ◽  
Factors Affecting ◽  
The Social ◽  
The Government ◽  
The Relationship

This study examines factors affecting the social responsibility commitment of public enterprises in South Korea. A panel regression analysis of 70 public enterprises found that the social responsibility commitment appears to increase when organizations are financially healthy and strategically oriented. However, the relationship between ethical behavior and social responsibility was negligible. These results have three management implications: first, the conventional social responsibility assumption that economic efficiency neutralizes societal goals is not necessarily true; second, public enterprises with commitments to strategic social responsibility appear to be more socially responsible than those without commitments to strategic social responsibility; and, third, ethical behavior may not be a reliable indicator of the social responsibility commitment, especially if it is mandated by the government. Points for practitioners Public enterprises have increasingly been under pressure to share the burden of social and economic problems in society. However, many practitioners still have little knowledge about under what conditions they can do good and benefit society. The results of this article suggest that profit making embodied in ethical rules and a dedicated governance structure to communicate with stakeholders create conditions that are more conducive to doing socially responsible activity.

scholarly journals Corporate Social Responsibility and Post Earnings Announcement Drift: Evidence from Korea

2021 ◽  
Vol 13 (11) ◽  
pp. 6496
Author(s):  
Hyunjung Choi ◽  
Haeyoung Ryu
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
South Korea ◽  
Capital Market ◽  
Stock Prices ◽  
Management Strategies ◽  
Earnings Announcement ◽  
Earnings Information ◽  
Post Earnings Announcement Drift ◽  
Corporate Social

To promote corporate social responsibility (CSR) in emerging markets such as South Korea to the level of developed nations, support from capital market investors is necessary. That is, CSR activities expand if capital market investors actively invest in companies that pursue such activities. This study thus analyzes the influence of the level of CSR activities on the post-earnings-announcement drift (PEAD) of publicly listed companies in South Korea, given the need to analyze the relationship between capital markets and CSR, which is part of sustainability management strategies. A sample of Korean firms listed on the Korean Stock Exchange from 2014 to 2018 was used for the regression analysis. The financial and stock return data were extracted from the KIS-Value database and CSR activities data were collected from the Korea Economic Justice Institute (KEJI) Index. The empirical analysis determined that more inactive companies in terms of CSR exhibited greater PEAD magnitude. Furthermore, high information asymmetry was found to further increase the magnitude of PEAD. These results indicate that investors cannot make swift investment decisions because of their low confidence in the information disclosed by inactive CSR companies; as a result, earnings information is slowly reflected in the stock prices of the period following disclosure. These findings suggest that CSR plays an important role in boosting investor confidence in corporate earnings information.

Comparisons of Koreans, Korean Americans, and White Americans regarding deceased organ donation

2018 ◽  
Vol 25 (13-14) ◽  
pp. 2286-2295
Author(s):  
Hee Sun Park ◽  
Ji Youn Ryu ◽  
Yoo Jung Oh
Keyword(s):  
United States ◽  
Social Responsibility ◽  
South Korea ◽  
Organ Donation ◽  
Organ Donor ◽  
Korean Americans ◽  
The United States ◽  
White Americans ◽  
Deceased Organ Donation ◽  
The Relationship

This study examined social responsibility and individual right perception as factors related to intention to register and to intention to avoid registering in an organ donor registry among Koreans in South Korea, Korean Americans, and White Americans in the United States. Findings showed that compared to Korean and Korean Americans, White Americans considered social responsibility to a larger extent in forming intention to avoid registering in an organ donor registry. On the contrary, the relationship between individual right and intention to avoid registering did not statistically differ among Koreans, Korean Americans, and White Americans. Other findings and implications thereof are discussed in more detail.

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