Ethics Charter


Subjects under the Ethics Charter and Code of Conduct
Hyundai Rotem aims to be a global company that contributes to the dreams of human society by creating a new future through creative thinking and endless challenges. The practice of ethical management is the basis for this, and to this end, the Ethics Charter and Code of Conduct were revised to ensure that Hyundai Rotem would become a reliable partner for various stakeholders and enhance customer value. All members of Hyundai Rotem must comply with this Ethics Charter and Code of Conduct.
All affiliates of Hyundai Rotem, including domestic and foreign production and sales corporations, subsidiaries and sub-subsidiaries, and joint ventures, shall be subject to the Ethics Charter and Code of Conduct, and all executives/employees of Hyundai Rotem shall act in accordance with this Ethics Charter and Code of Conduct even when dealing with project owners (ordering organizations) and partner organizations. All executives/employees to whom this Charter of Ethics and Code of Conduct apply must comply with the laws of the country concerned while performing their duties in accordance with this Charter of Ethics and Code of Conduct. Furthermore, all stakeholders in business relationships with the company must be encouraged to respect this Code of Ethics and Code of Conduct.
Companies to which the Charter of Ethics and Code of Conduct apply must comply with the regulations, policies, guidelines, etc., based on this Charter of Ethics and Code of Conduct in conducting business. If this Ethics Charter, Code of Conduct, related regulations, policies, or guidelines conflict with the laws of the local country, local laws and regulations shall take precedence. This Ethics Charter and Code of Conduct can be revised and used to reflect the laws and regulations required by the country and the characteristics of the industry, and if necessary, a separate detailed policy can be established. Organizations that wish to introduce this Ethics Charter and Code of Conduct must obtain prior permission from Hyundai Rotem.
Five Guiding Principles at Hyundai Rotem
1. We conduct our business with clear and transparent standards, and fulfill our responsibilities with sincerity and best efforts.
2. We compete fairly in the market and trade fairly with counterparties in contractual relationships.
3. To realize customer value, we provide safe products, the best service, and correct information, and thoroughly protect personal information.
4. We respect each member as an independent individual and provide fair working conditions and a safe working environment for this purpose.
5. As a global corporate citizen, we contribute to realizing sustainable development where various stakeholders can prosper together by fulfilling our social responsibilities.