Business ethics have become an important topic globally for both policy-makers and businesses. This paper first discusses the conceptual framework for business ethics followed by ethical management (EM) and corporate social responsibility (CSR) as well as relevant theories. Within this conceptual framework, Korea is used as a country context as to the development of EM and CSR. An important example of an ethical scandal is the major steel manufacturer, POSCO as it was held up as an exemplar and role model of ethical management. However, in 2015, it faced allegations that the engineering and construction overseas unit chief of its Vietnamese subsidiary created a slush fund by overstating payments to Vietnamese contractors. This conceptual paper discusses the factors that created this situation referring to the theory of connection. It locates the case in the EM and CSR literature and analyses what went wrong and what the parent company could have done to prevent this from happening.

中文翻译：

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道德管理与领导力：概念文件和韩国范例

商业道德已成为全球决策者和企业的重要话题。本文首先讨论了商业道德的概念框架，然后讨论了道德管理（EM）和企业社会责任（CSR）以及相关理论。在此概念框架内，韩国被用作新兴市场和企业社会责任发展的国家背景。道德丑闻的一个重要例子是主要的钢铁制造商POSCO，因为它是道德管理的典范和榜样。然而，在2015年，它面临指控，其越南子公司的工程和建筑海外部门负责人通过夸大向越南承包商的付款而设立了一笔巨款。该概念文件参考连接理论讨论了造成这种情况的因素。