(1) Lack of infrastructure despite sense of urgency
    Lack of information
    - Rely heavily on resources from leading global organizations
    - Barely keep up with legal requirements imposed by global community
    Lack of qualified professionals
    - Interests in business ethics rising with lifted awareness
    - Still few individuals specializes in the area
    - Handful of professionals also depend on overseas resources
    Sense of urgency
    - Felt by domestic multinationals due to changes in global environment
    - Gradually ready to adopt the best practices in the world

(2) No organization in frontier, so far
    No central organization archiving information
    - Presently depending on personally collected information by small
      number of individuals
    - Virtually impossible to regularly update information
    No organization with expertise
    - Currently unable to assist domestic enterprises to meet international       standards
    - No institutionalized system to bring up the issue of business ethics
      on the regular basis
  KBEI as a strong candidate to fill the gap
    - Resources to expend for setting up infrastructure
    - Research and development already underway
    - Aims to become central organization in business ethics

(3) What needs to be done?
    Assistance for domestic enterprises to keep up with international standard
    - Information on legal requirements and basic practices that meets rapidly       changing global business environments
    - Very requirement-driven tasks
    Assistance for domestic enterprises to stand in line with leading      multinationals
    - Reform of fundamentals required: values and principles, policy and
      Procedures
    - Introduction of the best practices recommended

2. International cooperation: Crucial factor for moving ahead

(1) Cooperation partners for benchmarking and synergy
  Enables the society to prepare for effective business ethics package
    Improves credibility of resulting infrastructure of business ethics,      possibly rated by global community

(2) Application of the Best Practices
    Opportunity for Korean society to adopt more advanced ethical framework
    Helps domestic enterprises to improve brand image by applying already
     proven ethical practices

3. KBEI and International Organizations

(1) Promotion of working relationship with leading organizations
    Ready to adopt leading practices in business ethics
    Prepared to exchange information to solidify ethical management by
     domestic enterprises and organizations

(2) KBEI's participation in global community
    Strong initiatives to participate in proliferation of ethical business
     practices in global community