Business growth begins with speed, but sustainability is achieved through principles. Lee Chan-hee, chairman of the Samsung Compliance Committee and president of the Korea Scout Association, addressed the core challenges facing the South Korean economy and society with the concept of 'balance.' He diagnosed that any organization cannot endure if the balance between growth and compliance, competition and responsibility, and technology and humanity is disrupted.
As South Korean companies enter a phase of competing in the global market, he emphasized the need to move beyond a purely performance-driven approach. In the past, speed and scale were competitive advantages, but now trust and sustainability are essential for a company's survival. He specifically likened compliance management to 'insurance against accidents,' explaining that it serves as the last line of defense for companies when crises arise.
Lee's perspective extends beyond businesses to youth issues, education, and societal values. He diagnosed that today’s youth live in an era of material abundance but increased loneliness. He believes the solution lies in 'connection,' asserting that restoring relationships with nature, communities, and individuals is key to future societal competitiveness.
His messages, stemming from his diverse roles as a legal professional, compliance monitor, and youth leader, converge on a single point: 'Uphold principles while maintaining balance.' This applies to businesses, society, and individuals alike as the sustainable path forward.
- Why has compliance management become an important topic recently?
'In the past, South Korean companies grew primarily in the domestic market. However, that is no longer the case. We now face a situation where we must compete in the global market.
In the global arena, simple price competitiveness or technological prowess is insufficient. Trust in a company becomes a crucial factor, and the foundation for building that trust is compliance.
I describe compliance management as 'insurance.' While it is preferable to avoid accidents, compliance systems are the mechanisms that protect companies when issues arise.
Ultimately, compliance management is essential for a company’s long-term survival.'
- How do you see the culture of South Korean companies changing?
'In the past, the focus was on growth. The key was how quickly one could grow.
Now, however, the concept of sustainable growth has gained importance. Concepts like ESG, responsible management, and internal controls have emerged as part of this trend.
While growth and sustainability may seem like conflicting concepts, they must actually go hand in hand.
I liken this to 'two people in a three-legged race.' If growth and compliance do not keep pace, the company is bound to stumble.'
- What is the relationship between compliance and corporate competitiveness?
'Compliance is not a cost; it is an investment.
Many companies view compliance as a regulation or burden, but I see it quite differently. Compliance reduces a company's risks and protects it in crisis situations.
In the long run, companies that excel in compliance will have greater competitiveness.'
- What is needed for companies to establish a global-level compliance system?
'Two things are necessary: internal and external factors.
Internally, there needs to be a change in the perception of members. Compliance should be viewed not as something that must be done, but as something that is natural.
Externally, companies must maintain independence from politics and power. If external pressures sway them, the compliance system can collapse.'
- What role does the board of directors play in corporate governance?
'The board is not merely a decision-making body; it is a key institution that monitors management and provides direction.
In the past, boards often operated in a formal manner. However, that is no longer the case.
Diversity and expertise in board composition are crucial. It is important to have individuals who can genuinely contribute to corporate management, not just prominent figures.'
- How should the internal control system be operated?
'Checks and balances are key.
Audits, the board of directors, and compliance monitoring organizations should operate independently while also holding each other accountable.
Additionally, a compliance body that manages the entire company in an integrated manner is necessary.'
- What are the core principles that companies must adhere to?
'Fairness and innovation.
Fairness is important not only within the organization but also in relations with external stakeholders. A structure must be created where no one is discriminated against.
Innovation is a condition for a company’s survival. Companies that do not change will ultimately become obsolete.'
- What is your perception of youth issues?
'Today’s youth are materially affluent but increasingly lonely.
In the past, they naturally socialized with friends, but now they often spend time alone in a digital environment.
This can weaken their social skills and sensitivity.'
- What is the significance of scouting activities?
'Scouting is not just an activity; it is education.
Living in nature and experiencing community teaches cooperation and responsibility.
This experience can significantly change a youth's character and worldview.'
- What skills do you believe are necessary in the age of AI?
'Memorization and information are no longer competitive advantages.
AI can handle all of that.
What will be important moving forward is humanity. Insight and empathy developed through diverse experiences and relationships will be key.'
- Why have you declined to participate in politics?
'Politics is an important realm. However, the current political environment often prioritizes survival and power over essential values.
I have determined that contributing to society in other areas is more meaningful than exacerbating conflicts.'
- What is the essence of leadership?
'Balance and service.
A leader should not lean toward one side. They must listen to all opinions and make balanced judgments.
Additionally, it is the leader's role to help organizational members fulfill their roles.'
- How would you like to be remembered as a leader?
'I want to be remembered as someone who lives happily among youth.
Not as someone who defeats others, but as someone who is faithful to their own life.'
: Lee Chan-hee, Chairman of Samsung Compliance Committee: Lee Chan-hee is a prominent public leader from a legal background. He served as the 50th president of the Korean Bar Association and currently holds the positions of chairman of the Samsung Compliance Committee and president of the Korea Scout Association. He has contributed to establishing corporate compliance and the rule of law while serving as a senior advisor at Yulchon LLC.
He defines corporate compliance management not merely as regulation but as the 'foundation for sustainable growth.' Drawing on his extensive experience handling various corporate cases, he has emphasized that companies cannot survive long-term without securing trust.
He also has a deep interest in youth education and social values. As president of the Scout Association, he emphasizes character education and community experiences for youth, working to cultivate future leaders.
His activities, which connect the fields of law, business, and education, are explained by his philosophy of 'balance.' His leadership is characterized by a principled approach that avoids bias and a perspective that considers both organizations and society.
He simply defines the essence of leadership as: 'Make decisions while maintaining balance.'
* This article has been translated by AI.
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