ESG Beyond the Hype: Assessing the Future with Korean Gen Zs and Millennials
Sijeong Lim [Associate Professor, Korea University]
► Major Korean corporations have increasingly embraced ESG practices, with the Korean government introducing K-ESG guidelines in Dec 2021 to guide ESG-driven companies and their evaluators.
► The resilience of ESG investments is expected to hinge on the engagement of this expanding demographic of young investors. What about in Korea? What do the younger generation Koreans think of responsible investment?
► Efforts to boost ESG initiatives and responsible investment should more explicitly promote principles that resonate with an increasing number of young individual investors. Importantly, these efforts should also include actions to empower the youth in society at large, such as innovating hierarchical and patrimonial organizational cultures within labor unions.
