The Research of Trend Comparison on Corporate Ethics of Korean Companies: Focused on the Perceptions of the Employees
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The past 20 years have been when Korean companies have emphasized the importance of corporate ethics and transparent management. Before the 21st century, Korean companies experienced the IMF economic crisis due to non-transparent business operations and governance issues. Since then, Korean companies have set corporate ethics as an essential task in business operations and ostensibly emphasized it. However, many questions have also been raised about whether these corporate ethics activities go beyond documentation and exist as a core competency to improve corporate performance. In addition, comparative studies were insufficient for studies related to corporate ethics. Many studies investigated based on a specific point in time and presented the results. In order to overcome the shortcomings of these studies, this study conducted a trend analysis based on surveys from two different points in time. Significant issues of corporate ethics were presented, and employee perception (centered on middle managers) was investigated. The time of the study was 2005 and 2015, and the trends in orporate ethics perception over the past ten years were compared. The core results of the study are as follows. First, about corporate ethics, CSR's target emphasizes customers, indicating that it is shifting from shareholder-oriented management to customer- and employee-oriented management. Second, although the ostensible institutionalization of the ethical management system related to corporate ethics is being improved, there is still a conflict of ethical decision-making. In addition, major ethical conflict issues focus on the issue of fairness and discrimination. Third, as a significant way to increase ethical value within a company, it should be possible to present general ethical codes to members and apply them as management practices. Fourth, harmful bribery or unfairness in the past is relatively reduced. Fourth, while trust in the company increases, the government, politics, and greedy competition see the problem negatively. These findings are a comparison between 2005 and 2015, and it is necessary to conduct additional related studies in 2025 to understand how this ethical perception changes.
Abstract
The past 20 years have been when Korean companies have emphasized the importance of corporate ethics and transparent management. Before the 21st century, Korean companies experienced the IMF economic crisis due to non-transparent business operations and governance issues. Since then, Korean companies have set corporate ethics as an essential task in business operations and ostensibly emphasized it. However, many questions have also been raised about whether these corporate ethics activities go beyond documentation and exist as a core competency to improve corporate performance. In addition, comparative studies were insufficient for studies related to corporate ethics. Many studies investigated based on a specific point in time and presented the results. In order to overcome the shortcomings of these studies, this study conducted a trend analysis based on surveys from two different points in time. Significant issues of corporate ethics were presented, and employee perception (centered on middle managers) was investigated. The time of the study was 2005 and 2015, and the trends in orporate ethics perception over the past ten years were compared. The core results of the study are as follows. First, about corporate ethics, CSR's target emphasizes customers, indicating that it is shifting from shareholder-oriented management to customer- and employee-oriented management. Second, although the ostensible institutionalization of the ethical management system related to corporate ethics is being improved, there is still a conflict of ethical decision-making. In addition, major ethical conflict issues focus on the issue of fairness and discrimination. Third, as a significant way to increase ethical value within a company, it should be possible to present general ethical codes to members and apply them as management practices. Fourth, harmful bribery or unfairness in the past is relatively reduced. Fourth, while trust in the company increases, the government, politics, and greedy competition see the problem negatively. These findings are a comparison between 2005 and 2015, and it is necessary to conduct additional related studies in 2025 to understand how this ethical perception changes.
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