Naver's CEO Appointed to UN Global Compact Board
In an exciting development for corporate sustainability, the UN Secretary-General António Guterres announced the appointment of Choi Soo-yeon, the CEO of Naver, to the UN Global Compact Advisory Board. The UN Global Compact is recognized as the world's largest corporate sustainability initiative, dedicated to fostering responsible business practices globally.
Background of Choi Soo-yeon
Choi Soo-yeon made history by becoming the second female CEO and the youngest non-founder CEO of Naver, South Korea's leading internet company, in 2022. Her journey into leadership was rooted in her background as a corporate/M&A lawyer at Yulchon, followed by her impressive LL.M. from Harvard Law School in 2018. After rejoining Naver in 2019, she spearheaded various global business initiatives, showcasing her ability to drive innovation and strategic growth.
Naver's Commitment to Sustainable Practices
Under her stewardship, Naver is embarking on an ambitious AI-first global expansion strategy. This includes introducing "on-service AI" across essential products and launching Naver Ventures in the United States to support promising startups. Choi's vision aligns seamlessly with the UN Global Compact's mission, and Naver has actively participated since 2014, emphasizing responsible technology and governance.
UN Global Compact Leadership Remarks
Sanda Ojiambo, the CEO and Executive Director of the UN Global Compact, expressed enthusiasm over Choi's appointment, acknowledging her expertise in how digital companies can drive value while maintaining sustainable and responsible business practices. The Board's role is to inspire and mobilize businesses toward achieving the Sustainable Development Goals (SDGs).
Collaboration and Future Goals
Lee Dong-Kurn, President of the UN Global Compact Network, emphasized the significance of having Choi as the first Korean board member in 17 years. This marks a pivotal moment for Naver as it aims to contribute to establishing a sustainable management ecosystem on a global level. The collaborative efforts with the UN Global Compact will surely enhance Naver’s influence as a leader in responsible business practices.
The Role of the UN Global Compact Board
The UN Global Compact Board is integral in shaping strategies and policies to promote responsible business actions. Members of the Board are considered champions of sustainability, operating in a personal, honorary, and unpaid capacity to further the goals of the initiative. Their collective experience and commitment will undoubtedly strengthen the effectiveness of the Global Compact's mission.
Frequently Asked Questions
What is the UN Global Compact?
The UN Global Compact is a voluntary initiative encouraging businesses worldwide to adopt sustainable and socially responsible policies.
Who is Choi Soo-yeon?
Choi Soo-yeon is the CEO of Naver, making history as its second female CEO and the youngest non-founder CEO.
What is Naver’s focus under Choi's leadership?
Naver is focused on an AI-first strategy and is expanding globally, particularly through Naver Ventures to support startups.
How does the UN Global Compact board operate?
The Board provides strategic advice and promotes responsible business actions, enhancing the effectiveness of the Global Compact.
What are the Sustainable Development Goals (SDGs)?
The SDGs are a set of 17 goals established by the UN to address global challenges and achieve a better and more sustainable future for all.
