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Research on the Components for realizing Social Value in the Construction Industry - Focusing on Advanced Foreign Cases -
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건설산업에서 사회적 가치 실현의 구성요소 - 해외 선진사례를 중심으로 -

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Type
Academic journal
Author
Inhwan Yoon (한국토지주택공사 토지주택연구원)
Journal
대한경영정보학회 경영과 정보연구 경영과 정보연구 제40권 제3호 KCI Accredited Journals
Published
2021.9
Pages
21 - 39 (19page)

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Research on the Components for realizing Social Value in the Construction Industry - Focusing on Advanced Foreign Cases -
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Social value has adopted to a principal criterion for establishing governmental policy and conducting the business of public sector. Additionally, companies have found a growth strategy in the business area, which is added a social value, with traditional social contribution. As a key industry in Korea, the construction industry has established the foundation of modernization, and various social value activities, which are job creation, public investment, regional balanced development, improvement the quality of life, and so on, are carried out in this industry. This research examines the advanced cases of foreign construction industry to propose the direction and components for realizing a social value, based on theories, laws, and institutions, and compares with global standards on social value. The results show that 13 components including protection of human rights are classified according to ethical, safe-environmental, economic, and social categories, and environmental preservation, contributions to local economy, job creation, and social responsibility are the representative components for realizing a social value in the construction industry. The results emphasize that various social value activities, such as protection the right to work and reconstruction community, are carried out in the indirect area with foreign construction business. Furthermore, this paper suggests practical implications for establishing a strategic guidance for other industries as well as the construction industry.

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