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ERT is a voluntary alliance of companies dedicated to practicing the “New Entrepreneurship spirit”, a commitment to go beyond economic contributions and actively fulfilling new roles for society.

 

Today, companies face growing public demands in areas such as sustainable growth, job creation, ethical management, workplace respect, environmental responsibility, and community engagement.

 

In response, ERT goes beyond traditional corporate roles—profit generation, job creation, and economic contribution—to actively address various social challenges, including climate change, declining birth rates, aging populations, digital transformation, and pandemics.

ERT is a voluntary alliance of companies dedicated to practicing the “New Entrepreneurship spirit”, a commitment to go beyond economic contributions and actively fulfilling new roles for society.

 

Today, companies face growing public demands in areas such as sustainable growth, job creation, ethical management, workplace respect, environmental responsibility, and community engagement.

 

In response, ERT goes beyond traditional corporate roles—profit generation, job creation, and economic contribution—to actively address various social challenges, including climate change, declining birth rates, aging populations, digital transformation, and pandemics.


In August 2019, the Business Roundtable (BRT), a coalition of CEOs from top 200 U.S. companies, adopted the “Statement on the Purpose of a Corporation,” redefining corporate responsibility to include delivering value to all stakeholders—customers, employees, suppliers, and local communities. This marked a departure from the traditional principle of shareholder primacy, with leading corporations like Amazon, Apple, and GM endorsing the shift.

 

It is time for Korean corporations to embrace a new role that aligns with the evolving expectations of society. Addressing complex challenges such as climate change, social polarization, and pandemics requires more than just government involvement—it demands active corporate engagement. The Korean public increasingly expects businesses to take the lead in solving various social issues.


On May 24, 2022, ERT declared its urge to embrace change and commit to fulfilling its new role as a coalition of corporations by adopting the New Entrepreneurship Statement, which includes a mission statement and five key action points.

 

In August 2019, the Business Roundtable (BRT), a coalition of CEOs from top 200 U.S. companies, adopted the “Statement on the Purpose of a Corporation,” redefining corporate responsibility to include delivering value to all stakeholders—customers, employees, suppliers, and local communities. This marked a departure from the traditional principle of shareholder primacy, with leading corporations like Amazon, Apple, and GM endorsing the shift.

 

It is time for Korean corporations to embrace a new role that aligns with the evolving expectations of society. Addressing complex challenges such as climate change, social polarization, and pandemics requires more than just government involvement—it demands active corporate engagement. The Korean public increasingly expects businesses to take the lead in solving various social issues.

On May 24, 2022, ERT declared its urge to embrace change and commit to fulfilling its new role as a coalition of corporations by adopting the New Entrepreneurship Statement, which includes a mission statement and five key action points.

ERT was initiated with the aim of fostering new entrepreneurship.

It comprises two key components: the Member Club, which incorporates all CEOs of signatory companies, and the Leader's Club, the primary decision-making body.

ERT was initiated with the aim of fostering new entrepreneurship.

It comprises two key components: the Member Club, which incorporates all CEOs of signatory companies, and the Leader's Club, the primary decision-making body.