Legal Insight: Mandatory Human Rights Due Diligence in South Korea

In recent years, there has been a growing recognition of the importance of protecting human rights in the context of business operations and supply chains. 

 South Korea has taken a significant step forward by proposing to introduce mandatory human rights due diligence obligations on employers. South Korea’s Mandatory Human Rights Due Diligence Obligations on Employers will require companies to conduct thorough risk assessments and take preventive measures to avoid any adverse impacts on workers, human rights, the environment, bribery, consumers, and corporate governance.  

This legal obligation is in line with international norms and standards, including the UN Guiding Principles on Business and Human Rights and the OECD Due Diligence Guidance.  

Proactive Steps for Companies: Getting Ready for Mandatory Human Rights Due Diligence 

While the full details of the Bill are still being debated, companies operating in South Korea, or with links to Korea, can take proactive steps to prepare for potential mandatory due diligence requirements. Here are some initial actions companies can consider: 

• Map Your Supply Chain 
• Conduct a Human Rights and Environmental Risk Assessment 
• Review Processes Against OECD Guidance

Read the full insight here. 

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 On the 26th of June 2024, Ardea will be hosting a webinar: CS3D and mandatory human rights due diligence: challenges and opportunities for business. Join this free webinar to learn about the key aspects of the CS3D and regulatory due diligence, discussing both the challenges and opportunities for business. Our CEO, Colleen Theron, will give an introduction to the CS3D, and we will also hear from industry experts on the topic.  

Ardea supports businesses to prepare for incoming due diligence obligations by taking the proactive steps set out above. To find out more about how we can support your business, contact us at: hello@ardeainternational.com.