Chey Tae-won, chairman of SK Group and chairman of the board of Chey Institute for Superior Research, stated on the Tokyo Discussion board 2025 held in Tokyo, Japan on Nov. 21, “Underneath present capitalism, we face numerous social issues akin to environmental points and social polarization, and we’d like a brand new capitalist framework that measures and manages the social worth obtained from fixing these issues.”
Chey recognized the advanced issues arising from the deepening of capitalism and emphasised the significance of measuring and managing social worth to resolve these points on the Tokyo Discussion board 2025 held for 2 days ranging from Nov. 21 on the Yasuda Auditorium of the College of Tokyo in Japan.
The Tokyo Discussion board is a world discussion board that has been collectively hosted yearly since 2019 by the Chey Institute for Superior Research and the College of Tokyo in Japan to answer world points akin to fast technological improvement and geopolitical instability. This yr, consultants from numerous nations gathered to debate beneath the theme “Rethinking Capitalism: Varieties, Contradictions, and Futures.”
Chey identified that “present capitalism targeted solely on monetary points and there have been hardly any rewards or incentives for social worth.” Social worth means contributing to fixing social issues past merely creating financial earnings, thereby enhancing the happiness of assorted stakeholders.
Chey emphasised the significance of social worth for sustainable progress and burdened the need of measuring and managing social worth. He talked about that technological modifications akin to synthetic intelligence (AI) may very well be an necessary turning level, saying “Social worth was troublesome to measure simply, so optimum allocation of assets for creating social worth was not achieved.” He stated, “Measuring social worth required vital transaction prices and there have been many limitations akin to knowledge shortages,” and emphasised, “Now we’ve excellent instruments when it comes to measurement akin to digital know-how and AI, so problem-solving is feasible.”
Chey stated, “When systematic measurement and analysis of social worth turns into doable, we are able to allocate assets otherwise and create incentives to alter habits.” He known as this “new capitalism” and defined that if capitalism consists of not solely monetary worth but additionally social worth, it may create a a lot better construction for a sustainable future.
Chey additionally launched the case of social worth measurement that SK Group is implementing on the subsidiary degree for instance of quantifying social worth. He stated, “At SK, we consider numerous objects akin to job creation, tax cost, environmental influence, and group contribution by subsidiaries on a plus-minus foundation,” and “When measurement begins like this, the decision-making technique of corporations modifications.”
Lastly, Chey stated, “Now, the important thing efficiency indicators (KPI) of SK corporations don’t cease at monetary worth creation,” and “Past not undermining social worth at minimal, the objective has turn out to be to repeatedly enhance it yearly.” He defined, “These modifications additionally deliver basic modifications to the factors for company useful resource allocation, transferring from a give attention to monetary efficiency to a route that considers social worth collectively.”
