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Korean Transnational Corporations Watch (KTNC Watch), PUSAKA, SKP-KAMe, and WALHI Papua & POSCO INTERNATIONAL, the National Pension Service (NPS) and the Export-Import Bank of Korea (KEXIM)
Lead NCPKorea, Republic of (South)
Supporting NCP(s)
DescriptionSpecific instance submitted by four NGOs concerning an alleged non-observance of the Guidelines.
Theme(s)General policies, Disclosure, Human rights, Environment
Date19 Dec 2019
Host country(ies)Korea
SourceNGO
Industry sectorConstruction
StatusIn progress
Summary

Read the initial assessment published by the NCP on 9 September 2020: English


On 19 December 2019, four NGOs, Korean Transnational Corporations Watch (KTNC Watch), PUSAKA, SKP-KAMe, and WALHI Papuathe, submitted a specific instance to the Korean NCP alleging that POSCO INTERNATIONAL, the National Pension Service (NPS) and the Export-Import Bank of Korea (KEXIM) had not observed the General Policies (Chapter II), Disclosure (Chapter III), Human Rights (Chapter IV) and Environment (Chapter VI) provisions of the OECD Guidelines. The specific instance concerned environmental and social issues related a Palm Oil plantation located in Indonesia.


On 9 September 2020, the Korean NCP published an initial statement whereby it accepted the case for further examination.

The NCP is currently offering its good offices to the parties.