SK Telecom, SoftBank to collaborate for SV measurement

South Korea’s SK Telecom Co. announced on Tuesday that it signed a memorandum of understanding (MOU) for cooperation in measuring social value (SV) with Japan's SoftBank Group Corp. and the Center for Social Value Enhancement Studies (CSES).

They will jointly measure the SV of businesses, including in the information and communications technology (ICT) sector, and conduct cooperation activities related to measuring social value, such as operating SV education programs for SoftBank employees.

As the first activity under the agreement, an SV measurement workshop will be held from April 23 to 25, with the participation of about 20 executives and practitioners.

Since 2018, the SK Group has been practicing double-bottom-line management, pursuing both economic value (EV) and SV, and annually announcing the results of social value creation monetized.

It has since 2021 increased the level of performance disclosure, disclosing detailed indicator measurement methods, and it has since 2022 been cooperating with SoftBank on environmental, social obligations, and corporate governance (ESG) management improvement using SoftBank's ICT technology.

Write to Seung-Woo Lee at leeswoo@hankyung.com