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Introduction

OECD established ‘The OECD Guidelines for Multinational Enterprises’ which are principles and standards for corporate social responsibility to ensure that the multinational enterprises will operate their business in a harmonious manner with society and the policies of host countries.

The guidelines are internationally recognized recommendations for social responsibility jointly addressed to multinational enterprises by adhering governments.

Although the guidelines are not legally enforceable, 44 adhering countries (including South Korea) have established National Contact Points (NCPs) in each country and promote the guidelines and ensure effectiveness of the guidelines by dealing with issues raised in relation to the implementation of the guidelines.

For multinational enterprises, observing the guidelines is a good way to establish itself in a host country and to maximize their performance. The Korean NCP expects both multinational enterprises which operate in Korea and Korean enterprises which operate abroad to observe the guidelines voluntarily and actively.