Proceedings of the International Conference on “Changing of Law: Business Law, Local Wisdom and Tourism Industry” (ICCLB 2023)

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

Authors
Sri Bakti Yunari1, *, Listyowati Sumanto1, Setyaningsih Setyaningsih1
1Faculty of Law, Universitas Trisakti, Jakarta, 11440, Indonesia
*Corresponding author. Email: sri.by@trisakti.ac.id
Corresponding Author
Sri Bakti Yunari
Available Online 31 December 2023.
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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Volume Title
Proceedings of the International Conference on “Changing of Law: Business Law, Local Wisdom and Tourism Industry” (ICCLB 2023)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
31 December 2023
ISBN
978-2-38476-180-7
ISSN
2352-5398
DOI
10.2991/978-2-38476-180-7_147How to use a DOI?
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.

Cite this article

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  -