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Code of Ethics

  • 01. Treat all internal and external customers equally without discrimination, and perform duties clearly and transparently.
    1) If an employee judges it to be difficult to perform a job fairly because it is related to his/her personal interests (or the interested of his/her relative), he/she must consult with a superior or the HR team on the issue before handling it.
    2) In performing his/her duties, an employee/executive should not give preferential treatment to a specific person for reasons of acquaintance, kinship, or school ties.
    3) Information related to all decision-making must be stored as data until the end of the retention period, and should not be lost, damaged, or concealed without permission.
    4) In documents related to decision-making, ambiguous terms should not be used, and the regulations on approval authority and the process of seeking cooperation or consultation from the relevant departments must be followed.
    5) Executive/employee should observe legal/regulatory responsibilities in business conduct and transactional relationships and should not make improper solicitations, and no executive/employee shall engage in unethical acts such as forgery/falsification of products, contracts, or quality evidence.
    02 Unreasonable instructions that impair or compromise fairness in performing duties should not be followed.
    1) Employees must observe basic etiquette necessary for working with others, and superiors should not use their superior position to give unfair work instructions or pressure.
    2) If it is judged that instructions hinder or compromise the fair performance of duties, the subordinate should explain the injustice to the superior, but if there is no progress or likelihood that the unfairness will improve or can be improved or if there is a personal disadvantage, the next superior or the HR team can be consulted.
    03. employees should not make unreasonable demands or receive compensation from stakeholders by using their superior or dominant position in business.
    1) employees should not make unreasonable demands on stakeholders by taking advantage of their superior position in transactions.
    - Transfer of dinner expenses, golf expenses, travel expenses, etc., request for subrogation of credit card payments, credit payments, loans, etc.
    - Personnel solicitations, product sales, insurance subions, participation in multi-level companies, demands for loans, etc.
    2) Unreasonable compensation from suppliers should not be intended by the means of intentional work delays.
    3) During an event, there should be no request for or receipt of any kind of sponsorship or support from stakeholders, and an act of notifying the contents of the event in advance is considered an intentional act to receive sponsorship or support, and should be banned.
    4) When purchasing parts and other items from suppliers, there should be no requests for free acquisition or excessive discounts.
    5) The provision of undue benefits by taking advantage of a stakeholders' weaknesses or flaws should not be implied or demanded.
  • 01. employees should not engage in acts that can arouse social criticism, such as accepting money or valuables, lending money, giving illegal instructions, making unfair solicitations, or granting preferential treatment that may hinder or compromise the fair performance of their duties or those of others.
    1) employees should not accept cash or securities such as gift certificates from stakeholders, regardless of the amount or timing.
    2) employees should not enter into any of the following contractual relationships with stakeholders or make unfair solicitations. If a relative is related to the contract below, necessary measures must be taken for fair trade relations, such as reporting to the HR team.
    - Dual position as an executive or employee of a company with interests without the Company’s approval
    - Money lending, provision of collateral or debt guarantees, real estate or movable property leases
    - Acquisition of stakeholder’s stock or joint investment
    - Unreasonable job solicitation from family, relatives, etc.
    3) Financial transactions between executives/employees may have the following adverse effects in the event of a problem such as default, so such financial transactions should not be conducted at all.
    - It can damage relations with co-workers and harm the working atmosphere, which can adversely affect job performance.
    - Stakeholders may exploit this as a weakness, which can result in the executive/employee losing fairness in business matters
    4) employees should not arrange for or solicit stakeholders to engage in unfair transactions with the Company or its suppliers.
    02. Executives/employees should not openly notify stakeholders at work of personal events (congratulations and condolences), and money for congratulations and condolences should not exceed the usual level in terms of social customs.
    1) Executives/employees should not notify stakeholders at work of personal events (congratulations and condolences), except in the following cases.
    - Notification through media targeting an unspecified number of people, such as newspapers/broadcasting and in-house bulletin boards, is possible.
    - Individual notification is allowed for relatives, current and former colleague employees of the same department, etc.
    2) Even if money for congratulations and condolences is received inevitably, if the amount exceeds the normal level and is judged to be excessive, it must be returned in a respectful manner. If it is difficult to handle personally, it must be reported to the General Affairs Team.
    - It is recommended that the normal level is less than KRW 50,000, and even in special cases, it should not exceed KRW 100,000.
    3) Exceptional benefits are allowed in the following cases.
    - Money and goods related to congratulations and condolences provided according to the articles of incorporation and rules of the ‘religious organization, social gatherings, etc.’ to which the person belongs
    - Money and goods (for comfort, encouragement, etc.) provided in the name of the president or the head of the affiliated division
    4) The presentation or receipt of ‘wreaths, flowerpots, etc.’ related to ‘promotion, inauguration, etc.,’ must be frugal, and congratulatory messages or e-mails should be used whenever possible.
    03. Employees should not accept souvenirs or gifts that exceed the standard accepted by social norms.
    1) Basically, gifts from stakeholders should not be accepted or must be returned, and in the case of unavoidable receipt, it must be reported to the General Affairs Team in accordance with the Gift Regulations.
    2) Promotional products and souvenirs that have the company logo or name on them and whose price does not exceed a ‘simple standard accepted by social norms’ are acceptable, but expensive items must be reported to the General Affairs Team in accordance with the Gift Management Regulations.
    3) Acceptance through spouses, lineal ascendants or descendants is also regarded as an act of the principal.
    How to easily distinguish between gifts and bribes
    It may seem difficult to distinguish between the two, but excluding selfishness and thinking calmly can lead you to distinguishing them surprisingly easily.
    Ask yourself, "If I wasn't in this position of the Company, would the person give me this gift?" If the answer to this is “no,” then the gift can be considered a bribe.
    04. Employees should not receive entertainment or conveniences that exceed the level of ordinary customs.
    1) Receiving a meal from a stakeholder or receiving alcohol at a bar is a typical example of entertainment. Importantly, suggesting or requesting entertainment is serious misconduct.
    2) Stakeholders may pay for simple meals (within KRW 30,000 per person), but that kind of burden should not be frequent.
    3) As a wage earner, the following entertainment or benefits that are burdensome compared to income are considered to be beyond the ordinary level.
    - Entertainment at high-end entertainment places such as high-end pubs and nightclubs
    - Expenses for domestic and international performances, travel, sports, entertainment, etc.
    4) Betting with stakeholders is prohibited as gambling behavior harms healthy relationships.
    - No playing of speculative entertainment such as Go-Stop, betting on golf, poker, etc.
    5) Acceptable benefits include:
    - Cases where transportation and accommodations for the other party's executives/employees are provided during official business trips or visits
    - Temporary use of communication devices and office supplies, provision of small items such as lunch boxes, etc.
  • 01. Employees should not use the company's internal information, whether obtained directly or indirectly, in relation to the performance of duties for the purpose of gaining unfair benefits or helping others gain unfair benefits.
    1) Employees should not perform any act of providing undisclosed internal information of the Company and receiving a price, and should not use their own information to obtain unlawful profits, such as by investing in stocks.
    2) Even if executives/employees retire from the Company, they should not provide the intellectual property rights, information, technology, etc., acquired in connection with their work to others or use it for personal gain.
    02. Employees should not use the company's assets for personal business or for purposes not directly related to the Company's business.
    1) The Company's human and material resources should not be used for personal purposes.
    2) During working hours, excessive Internet surfing, stock trading, chatting, entertainment, and small talk that are not directly related to job performance are prohibited.
    3) Executives/employees should not use the company's electronic communication network to promote their own or others' side jobs or businesses.
    03. Employees should not engage in side job activities or dual employment for commercial purposes that may interfere with work without the permission of the Company.
    1) Without the permission of the company, executives/employees should not, outside of company work, establish or conduct a side job, dual employment, or work at a separate company that may interfere with their work for personal profit.
    2) Employees should not make investments in their own name or roundabout investments in the name of their spouse/relatives in a partner company that has a business relationship with the Company.
    3) Employees should not be involved in multi-level sales themselves, and should not force other employees or partners to purchase products for the purpose of helping family members or acquaintances do it.
    04. The Company's budget must be reasonably and efficiently executed according to the purpose and standard.
    1) All budgets must be used for their original purpose according to the regulations and should not be arbitrarily diverted to other purposes.
    2) Expenditures incurred for purposes unrelated to Company business should not be treated as Company expenses.
    - Entertainment expenses, meeting expenses, department operation expenses, travel expenses, etc., should not be used for personal entertainment or social expenses.
    - Corporate cards should not be used for personal purposes.
    3) Investment budgets for facility investments and R&D expenses, and ordinary material purchase costs, should be executed only after thorough review of economic feasibility when large amounts are involved.
  • 01. Employees should not leak the ‘Company's trade secrets or information that requires security’ without permission, and should never leak information obtained during work without prior permission or approval, even after retirement.
    1) Disclosing the Company's trade secrets at meetings, external lectures, seminars, etc., or providing them to external organizations must be done following an official approval process.
    2) Employees should not arbitrarily use the customer DB for personal purposes without the approval of the Company.
    3) Administrators must manage and control important Company information in a way that ensures that it is not leaked outside without permission, and must take appropriate security measures for this purpose.
    Trade Secrets
    Trade secrets are not publicly known and have independent economic value. They include production methods, sales methods, and other useful technical or business information for business activities that have been kept secret through considerable effort.
    The Company’s security regulations divide the types of trade secrets as follows.
    ① Management information such as personnel, organizational and financial status, production and sales status, marketing techniques, etc.
    ② Product design methods, design drawings, manufacturing processes, manufacturing equipment, technical information related to manufacturing
    ③ Information on R&D, such as product research and development (R&D) plans, work reports and journal contents, experiment data, research performance analysis data, etc.
    02. employees should not distort, fabricate, or damage information related to the company without permission, or spread false facts or rumors.
    1) employees should not arbitrarily distort any information related to the company or spread false facts, and should not report false facts to the upper level in such a way that improper decisions may be made.
    2) In particular, employees should not distort or fabricate business information in order to conceal or reduce their own mistakes or irregularities, and related materials and should not damage or manipulate data without permission.
    3) employees should not spread unfounded facts about the privacy of their superiors or co-workers, or exaggerate or gossip.