2025-12-13 –, Room01
This paper examines how corporate law in South Korea can evolve to better reflect principles of diversity and equity amid growing social expectations for inclusive and responsible business practices. South Korea’s corporate landscape, long dominated by chaebols (family-controlled conglomerates), faces increasing pressure to reform governance structures, enhance transparency, and address stakeholder interests beyond shareholders.
The study explores the legal and institutional barriers that hinder broader participation in corporate decision-making, especially by minority shareholders, women in leadership, and labor representatives. It analyzes recent developments, including revisions to the Commercial Act, ESG disclosure requirements, and gender diversity mandates on corporate boards.
Drawing on comparative insights from other Asian jurisdictions and international best practices, the paper argues for a redefinition of fiduciary duty to include social and environmental accountability. It proposes legal mechanisms to promote stakeholder-oriented governance, equitable access to corporate power, and long-term sustainability.
By aligning corporate law with evolving societal values, Korea can move toward a more equitable economic model. This paper contributes to regional discourse on how legal systems can support not only economic efficiency, but also justice in the corporate sphere.
Kyonggi University, Department of Law
Role in the Panel:Paper Presenter
