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  • E-ISSN2288-2766
  • KCI

The Ethics of Multinational Enterprises and ESG Response: Suggestions for Transparent Management

East Asian Journal of Business Economics / East Asian Journal of Business Economics, (E)2288-2766
2022, v.10 no.3, pp.41-50
https://doi.org/10.20498/eajbe.2022.10.3.41
Lee Chun Su
Yoonkyo CHO (Women Enterprise Supporting Center)
Kim, Byoung Goo

Abstract

Purpose – Through multinational corporate ethics and environmental, social, and governance (ESG), various policy and strategic countermeasures for transparent management in the management and economic fields are presented. Research design, data, and methodology – A literature review is conducted to find important areas for transparent management and to summarize and present transparent management countermeasures based on simple brainstorming opinions from experts. Result – Issues facing transparent management are presented. In particular, multinational enterprises present cases involving prevention of transfer prices and tax avoidance in relation to Industry 4.0. Additionally, a plan is presented to establish a corruption-free economic system through the practice of ESG transparency, ethical management of social enterprises, and transparent management. Conclusion – According to the brainstorming opinions of experts, ESG management and ethical management should be the cornerstone of transparent management in the future. Therefore, it is necessary to institutionally supplement the imposition of digital taxes on fourth industrial companies.

keywords
Multinational Enterprises Ethics, ESG, Transparent Management Issues

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East Asian Journal of Business Economics