A COMPARISON OF CORPORATE SOCIAL RESPONSIBILITY ARRANGEMENTS IN INDONESIA AND SOUTH KOREA Sri Bakti Yunari, Listyowati Sumanto, Setyaningsih
Faculty of Law, Universitas Trisakti
Jl. Kyai Tapa No. 1, Grogol, Jakarta Barat, DKI Jakarta
Indonesia. 11440.
Corresponding Authors: sri.by[at]trisakti.ac.id
Abstract
This study aims to examine the similarities and differences in CSR arrangements in South Korea and CSER in Indonesia. Where the concept of CSR in South Korea is voluntary based, with reference to the Code of business ethics, it is very interesting to study. CSR in South Korea is more of a charity. This is different from the CSR concept in Indonesia which is based on mandatory. Normatively, the goal of CSR in Korea, which emphasizes corporate social, ethical, and environmental responsibilities beyond economic and legal duties, is in line with the goals of Chaebol reform by the South Korean government. The South Korean government^s discourse to legislate CSR through the Ministry of Trade, Industry and Energy, and promote CSR activities, by developing a CSR reporting system for companies and plans that use pension investments as CSR. This is certainly different from the birth of the CSER concept in Indonesia, where the awareness is based on the existence of the legal obligation of CSR in Article 74, Law No. 40 of 2007 concerning Limited Liability Companies. By using legal research methods, sourced from secondary legal materials, and analyzed prescriptively with a statutory and comparative approach, a study is obtained on the voluntary-based CSR arrangements in South Korea and the mandatory-based Indonesian CSER arrangements. Where in substance the CSR arrangements in Korea and CSER in Indonesia certainly have similarities and differences.
Keywords: CSR, Arrangements, South Korea-Indonesia
Topic: Law on Business, Business Competition, and Prohibition of Monopoly
