South Korea

Business Integrity Society

Global Compact Network Korea

Business Integrity Society

Mission

Enhance compliance capacity of market players and promote a corruption-free society in South Korea

Goals

The Business Integrity Society (BIS) seeks to build the compliance capacity of market players in South Korea, promote a corruption-free society and contribute to an enabling environment for business.

Its main objectives are to:

  • Propose revisions to legislation and policies related to environmental, social, governance (ESG) disclosure, Stewardship Code Guideline, and the Procurement Act with a view to enhancing transparency and integrity within Korean companies.
  • Provide comprehensive training, tools, and guidance to all levels of management, including CEOs, executives, and working levels to build capacity to implement effective compliance systems.

The focus spans multiple sectors but particularly targets the healthcare and energy industries.

Stakeholders

BIS is facilitated by the Global Compact Network Korea in cooperation with the Korea Sustainability Investing Forum (KoSIF).

BIS engaged with key players in the market including National Assembly, government ministries, National Pension Funds, business associations, civil society and academia to successfully implement its activities and maximise its impact.

The project is the continuation of the Fair Player Club initiative and received funding from the Siemens Integrity Initiative.

This information is gathered from open-source data and in some cases has been provided by initiative facilitators. We cannot guarantee the accuracy or completeness of the information and do not take responsibility for decisions made on the basis of it. Please inform us of any errors by emailing us.

Start Year

Status

  • completed
    Work has finished and deliverables/tasks have been completed.

Countries Operations

Countries Host

Scope

  • national
    Initiative that operates in and focuses mainly on one country, whether on a national or sub-national level.

Industry

Stakeholders

  • Private sector
    Privately owned commercial (for-profit) entities of all sizes, including SMEs
  • Public sector
    National and sub-national, local government entities, agencies from all branches (policy-making, executive, adjudication)
  • Civil society
    non-governmental organisations (national or international), foundations funded by private entities, faith-based organisations, Professional associations, Industry associations, Chambers of Commerce, Local Global Compact Networks
  • Academia
    research and education institutions (privately or state owned)

Type

  • Engagement-focused initiative
    Joint declarations of intent, Joint capacity and learning initiatives, Industry-specific working groups, Joint events/awareness raising, Joint activities and integrity tools

Linked resources

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