A Comparison of Corporate Social Responsibility Arrangements in Indonesia and South Korea

DOI

10.2991/978-2-38476-180-7_147How to use a DOI?

Keywords

CSR; Arrangements; South Korea-Indonesia

Abstract

This study compares and contrasts the corporate social responsibility (CSR) policies of South Korea with the corporate social and environmental responsibility (CSER) policies of Indonesia. Examining how the South Korean voluntary CSR concept relates to the Code of Business Ethics is very interesting. CSR in South Korea resembles charity more. This contrasts with the mandatory CSR model that is prevalent in Indonesia. In general, South Korea’s CSR goals, which emphasize a company’s social, ethical, and environmental responsibilities beyond those required by law and economics, are in line with the nation’s objectives for Chaebol reform. The Ministry of Trade, Industry, and Energy is responsible for enacting CSR legislation in South Korea. The ministry also works to promote CSR initiatives by creating a CSR reporting system for organizations and pension plans that use pension investments as CSR. This is unquestionably different from the way the CSER idea was first spread in Indonesia, where people were aware of it because CSER was made a legal requirement in Article 74 of Law No. 40 of 2007 concerning Limited Liability Companies. Information about the mandatory CSER arrangements in Indonesia and the voluntary CSER arrangements in South Korea is gathered using legal research techniques. The information is then prescriptively analyzed using a statutory and comparative approach. While there are undoubtedly similarities and differences between the CSR arrangements in South Korea and Indonesia, they are fundamentally different.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Sri Bakti Yunari
AU  - Listyowati Sumanto
AU  - Setyaningsih Setyaningsih
PY  - 2023
DA  - 2023/12/31
TI  - A Comparison of Corporate Social Responsibility Arrangements in Indonesia and South Korea
BT  - Proceedings of the International Conference on “Changing of Law: Business Law, Local Wisdom and Tourism Industry” (ICCLB 2023)
PB  - Atlantis Press
SP  - 1442
EP  - 1450
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-180-7_147
DO  - 10.2991/978-2-38476-180-7_147
ID  - Yunari2023
ER  -