Society

Forum highlights RoK firms’ corporate social responsibility in central region

The Republic of Korea (RoK)’s Consulate General in Da Nang on June 2 held a forum in Quang Nam province on June 2 to highlight the corporate social responsibility (CSR) that RoK firms have shown in the central region.
Forum highlights RoK firms’ corporate social responsibility in central region ảnh 1About 250 Korean businesses operating in the cenrtral region have showed high level of satisfaction about the local business environment.-Illustrative image (Photo: VNA)
Quang Nam (VNA) – The Republic of Korea (RoK)’sConsulate General in Da Nang on June 2 held a forum in Quang Nam province on June 2 to highlight the corporate social responsibility (CSR) that RoK firms have shown in the central region.

Participants noted that since Vietnam and the RoK set uptheir diplomatic relations, their partnership has grown fast in all fields, especiallyeconomy. The RoK is currently Vietnam's biggest investor with totalinvestment of 81 billion USD.

Two-way trade rose over 160 times in 30 years to 81.1billion USD in 2022, and the two countries have become each other’s thirdlargest trade partner.

Although the central region of Vietnam has received lessthan 10% of the RoK’s total investment in Vietnam, it has drawn increasing attentionfrom Korean firms thanks to the Government’s policies to ensure equal development amongregions and investment attraction efforts of regional localities.

About 250 Korean businesses operating in the region have showedhigh level of satisfaction about the local business environment.

Over the years, the firms have made positive contributionsto the local community by generating jobs as well as charity activities. Theyhave helped improve the infrastructure system and health care services, andprovided financial support to disadvantaged people in the society.

Kang Boo Sung, RoK Consul General in Da Nang, said that theforum aims to seek measures to ensure that the regional localities and Korean firms can enjoy benefits during the businesses’ operations.

Le Tri Thanh, Chairman of the People’s Committee of QuangNam province, said that CRS activities of RoK companies have not onlycontributed to the sustainable socio-economic development of the locality butalso improved the living conditions for workers in particular and the localcommunity in general.

He noted that RoK firms that are operating in Quang Nam have conductedvarious CRS activities in the locality. The Hyosun Quang Nam JSC has poured nearly5.8 billion VND into the activities since 2020, while Panko Tam Thang has spentover 4 billion VND since 2017, he noted./.
VNA
#RoK #Consulate General #Da Nang #corporate social responsibility #partnership #trade partner #investment attraction #Vietnamplus #Vietnam news #Vietnam News Agency Korea (RoK)
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