The Korea Herald

지나쌤

Securities and holding firms trumpet CSR efforts

By Korea Herald

Published : Jan. 21, 2016 - 19:51

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SK Holdings


SK Holdings has been included in the Dow Jones Sustainability Index for the fourth consecutive year.

Kim Byung-doo, manager of SK Holdings’ SK Management System division, said, “By being named to the DJSI World four years in a row, SK Holdings was able to secure its position as a sustainability leader in the global IT industry. We will keep executing sustainable management activities in order to contribute to the happy life of various stakeholders related to the company.”

SK Holdings has been committed to creating shared value in business, society, environment and other areas.

The company has forged special ties with its business partners, generally referred to as subcontractors, by investing into the overhauling of manufacturing facilities and holding training sessions among other activities. Some of the selected business projects from such sessions have managed to advance into the global market.

SK Holdings has also been devoted to establishing social enterprises with workers from less-privileged environments, with the aim of creating additional social values. The company also financially supports existing enterprises with good performances on top of its legal and tax advice.

Samsung Securities 


Samsung Securities Co., the brokerage leg of Samsung Group, vowed to widen the scope of corporate responsibility in the South Korean financial industry scene, emphasizing its social role as a “corporate citizen.”

For the past decade, Samsung Securities has held an economic education program for young people, which the company called “an investment for the future generation.” The program launched in 2005 in two education centers in Seoul, which now flaunts a nationwide network of 44 educational facilities, with instructors including economists and analysts from Samsung Securities. As of the end of 2014, a total of 168,000 young talents participated in the program. 

Samsung Securities emphasizes its customer-centered management philosophy, having reorganized its products and services to maximize gains on customers’ balance sheets. The brokerage house applied strengthened evaluation and reward systems among employees, with customer gains taking up 30 percent of the sales soundness index. Such adjustment considerably increased the achievements of its private banking managers, the company said.

The brokerage house was ranked 33rd in brand value by consulting firm Interbrand, with an estimated brand value of 530 billion won ($440 million).

KDB Daewoo Securities 


KDB Daewoo Securities Co., the brokerage operation of the state-run Korea Development Bank, is aiming to become the country’s leading private banking house, while seeking to support local small and medium-sized enterprises.

KDB Daewoo combines private banking and investment banking under its private investment banking service, aiming to provide unrivaled wealth management services to its customers based on the house’s strength in investment banking. It also works to foster top-class private bankers, identify new investment opportunities and spur innovation through creative finance, the brokerage house said. 

KDB Daewoo runs its own training institution for entry-level private bankers. Last year, the institution welcomed the first class of its PB training school, after training 14 for eight months. These trainees accumulated asset management skills by providing asset management services to the company’s president and executives, the brokerage house said.

KDB also puts emphasis on the corporate contribution to the society, particularly by providing “Partners Club,” a special financial consulting service for the small and medium-sized enterprises.

KDB Daewoo has expanded the PIB one-stop service for the SMEs from two to four. Between April and September, KDB Daewoo’s PIB balance for SMEs jumped 49 percent. 

By Bae Ji-sook and Chung Joo-won (baejisook@heraldcorp.com) (joowonc@heraldcorp.com)