While NCsoft is the first Korean game company to establish an ESG (environmental, social, governance) organization, attention is being paid to whether Nexon and Netmarble will deliver related news.
According to NCsoft on the 12th, an ESG organization was established under the Brand Strategy Center earlier this month.
The company explained that the detailed operation details of ESG will be disclosed later.
ESG stands for Environment, Social, and Governance. It is a non-financial performance that deals with corporate social responsibility, and is used as an indicator for sustainable management.
It is known that NCsoft was the first to establish an ESG organization among major game companies in Korea, but IT companies such as Naver and Kakao, following finance and electronics, have been vigorously installing and operating dedicated organizations.
In line with the establishment of the ESG organization, NCsoft will first introduce a separate election system for audit committee members at the shareholders’ meeting in March. This is to ensure management transparency and independence of the audit committee in line with the amendments to the commercial law.
NCsoft said, “(early this month) a separate organization has been established to respond to the importance of ESG management and changes in the management environment,” and “plans to disclose ESG-related details through company blogs in the future.”
Nexon-Netmarble “Review in progress”
As ESG is being used as an investment indicator for global investment institutions and investors, the interest of major game listed companies is expected to increase.
In particular, the mandatory ESG disclosure will be introduced for companies with total assets of 2 trillion won or more in 2025. It means that major game companies such as Nexon and Netmarble can quickly decide on the establishment of an ESG organization or the composition of the board of directors.
Fair assets of Nexon and Netmarble are estimated to be about 10 trillion won. Accordingly, there is a high possibility that the two companies will be designated as a large business group following the disclosure target business group (quasi-large business group).
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There is also an opinion that ESG can be a favorable indicator not only for NCsoft, but also for Nexon and Netmarble. Along with corporate growth, we are making continuous efforts for social contribution activities through a separate foundation. Nexon is playing a role as a social enterprise through children’s rehabilitation hospitals and bookstores, and Netmarble is playing an e-festival for students with disabilities and game concerts.
Regarding ESG, Nexon and Netmarble said they are “in the process of review.”