SK chief calls for ‘new capitalism’ that rewards social value

What happened: SK Group Chairman Chey Tae-won called for a market system that financially rewards companies for the social value they create, speaking at the Social Enterprise World Forum's Ecosystem Leadership Exchange in Seoul. Key numbers: SK's Social Progress Credit, Why it matters: Chey said measurement alone is not enough and social outcomes must carry financial value for businesses and investors to commit capital at scale. A WEF and Schwab Foundation report with SK-backed CSES cites an "impact paradox" where social benefits are shared broadly while costs fall on individual companies.

SK Group Chairman Chey Tae-won called for a market system that financially rewards companies for the social value they create, speaking at the Social Enterprise World Forum's Ecosystem Leadership Exchange in Seoul.

Chey said measurement alone is not enough and social outcomes must carry financial value for businesses and investors to commit capital at scale. A WEF and Schwab Foundation report with SK-backed CSES cites an "impact paradox" where social benefits are shared broadly while costs fall on individual companies.