Creating for Tomorrow

“Contribute to the Life and Living of People around the World”

Compliance Management Implementation System

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Item Decision-making body Responsibility
Decisions to activate policies and standards of conduct Executive Meeting Based on the deliberation, decide whether to activate or deactivate the Business Ethics Policy and Standards of Conduct.
Proposal of a plan to activate the standards of conduct and measures against violations General Affairs Team Submit a proposal to activate the policy and standards of conduct at the Executive Meeting.
Submit a proposal for measures against violations to the Personnel Committee.
Implementation of education, dissemination and auditing Each department Conduct audits on training, dissemination, and compliance with Business Ethics Policies and Standards of Conduct.

Standards of Conduct on Compliance

Environmental conservation, product safety, security disaster prevention, labor stability, hygiene and health
RC activities are the basis of our business activities, primarily focusing on environmental preservation, product safety, security disaster prevention, occupational safety, hygiene, health, and social communication. It is essential to constantly improve through business activities to deal with environmental conservation, such as preventing global warming, securing biodiversity, forming a circular society, and managing chemical substances. In addition, full consideration must be given to human health and safety, including post-disposal treatment, when providing products or services. In addition, security and disaster prevention, occupational safety, hygiene, and health must also be ensured in daily business activities.
The company encourages thorough implementation by adopting 『RC Policy』, 『RC Management Rules』, 『Process Safety Management (PSM) Rules』, 『Product Liability (PL) Management Rules』, 『Environmental (ISO 14001) Management Rules』, etc. In addition to complying with these in-house regulations, we must always pay attention to environmental conservation, human safety, and health in our daily activities.
Harmony with the local community Businesses have roles and responsibilities as citizens in the local community. We will fulfill our commitments, recognizing that it is a vital mission as a member of the region to fully comprehend the culture and customs of the area, both at home and abroad, and to contribute to regional development.
Disclosure of information and communication with society The company will always maintain healthy relationship by disclosing information and assertively pursuing communication activities with the entire society including the interested parties such as customers, stockholders and employees, etc. Regarding disclosure of information, the company will pursue fairness, equity and accuracy in corporate information while putting in efforts to disclose informaiton as quickly as possible at the same time. In addition, regarding communication activities, the company will continually buildup relationship based on trust through efforts for bidirectional communication with interested parties and society, and, moreover, promote understanding of the company as well as strive to increase the corporate value.
Compliance with economic laws, etc For companies to provide better quality and affordable products and services to society through competition, it is necessary to ensure fair and free competition between suppliers. We strive to secure fair and free competition by complying with the 『Monopoly Regulation and Fair Trade Act』 and 『Fair Transactions in Subcontracting Act』. In addition, concerning the export of strategic materials, etc., we do our best to to prevent suspicious actions by others complying with internal regulations such as the 『Regulations on the Management of Voluntary Export of Strategic Materials』.
Sound and appropriate business relationships In relation to stakeholders, it is prohibited to provide or receive products or services that violate public morals or exceed common sense or widely-accepted social norms. In particular, departments responsible for goods and services shall not accept holiday gifts or congratulations from stakeholders. In addition, we should refrain from passing the burden of costs on to stakeholders.
Respect for intellectual property rights We protect the company's intellectual property rights, such as patent and utility model rights, and respect the intellectual property rights of others. Using such intellectual property rights without the right holder's consent may result in a prohibition and demand for compensation for damages from the right holder, which should be taken seriously.
Protection of information assets The information acquired through on-the-job tasks is the company's property. By using such information competently, we seek to perform our work efficiently and enhance our competitiveness. Sufficient consideration is required to prevent information leakage because compromised valuable information may lead to diminished asset value and loss of business opportunities unless protected confidential from outside the company. All employees shall handle information appropriately complying with internal regulations such as Trade Secret Management Regulations. We must not use the company's information system for any purpose other than work or access websites that provide sexist contents. In addition, enterprise information systems, including our computers, are interconnected through networks, and inappropriate use of an information system by one person can lead to the threat of information leakage in the company. Thus, special attention is required.
Rules on Business Activities
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Item Responsible department Relevant laws Internal regulations
  • Environmental conservation
  • Product safety
  • Security disaster prevention
  • Occupational safety, hygiene and health
Environment Team, Safety Team
  • Environmental safety-related laws, such as the Industrial Safety and Health Act, Water Quality and Air Quality Management Control Act, etc.
  • RC policy and related regulations
  • PSM related regulations
  • ISO 14001 related regulations
  • Communication with the company
  • Provision of information to customers, employees, and shareholders
  • Security disaster prevention
  • Occupational safety, hygiene, and health
General Affairs Team  
  • Business Ethics Policy and Standards of Conduct
  • Rules of Employment
  • Entertainment
  • Business Ethics Policy and Standards of Conduct
  • Internal Audit Regulations(draft)
  • Compliance with economic laws
Sales Team 1
  • Monopoly Regulation and Fair Trade Act
  • Internal Audit Regulations(draft)
  • Regulations on the Management of Voluntary Export of Strategic Materials
Sales Team 2
  • Foreign Trade Act
Purchasing Team
  • Fair Transactions in Subcontracting Act
Protection of information assets General Affairs Team, Accounting Team
  • Unfair Competition Prevention and Trade Secret Protection Act
  • Trade Secret Management Regulations
Compliance with regulations Values change as society and times evolve. The company has made these value standards into regulations and manuals as much as possible, and employees should clearly understand prohibited matters by law and internal regulations and strive to comply with them.
Elimination of discrimination We must respect individuals' basic human rights and diversity, not discriminate on the basis of nationality, ancestry, race, ethnicity, religion, gender, ideology, age, physical characteristics, sexual orientation and gender identity, employment status, form of contract, etc., nor condone such discrimination as company policy.
Prohibition of sexual harassment, etc. Our employees must maintain a workplace free of unlawful harassment, whether moral, sexual harassment, physical or psychological, etc., and our employees must not condone such words or deeds.
Liability for violating the Sexual Harassment Policy When an employee commits an act such as sexual harassment, he or she is subject to punishment. In addition, a higher-ranking person who neglects appropriate management actions, such as condoning the act, may also be liable.
Counseling response Do not hesitate to report and seek counseling (Ulsan: responsible manager, General Affairs Team, Seoul: responsible manager, Management Team) when sexual harassment has been committed. In addition, when consulting, the persons concerned should be fully aware of privacy. The company responds to the facts faithfully and strictly, and strive to erdicate unfair acts such as sexual harassment and to prevent a recurrence.
Implementation of fair accounting practice Accounting should be based on facts. In case of violating related laws or internal regulations, the violator is subject to punishment as the subject of false accounting, and a higher-level manager who neglects appropriate management actions may also be held accountable.
Prohibition of outside work No member shall be employed by another company or engage in work for purposes contrary to the company's interests while enrolled in the company without the company's approval.
Abolition of pretentious formalities In principle, the company prohibits gifts during holidays and year-ends in the company. Exchanging gifts within the company for the sake of doing it is not only pretentious but also can create an adverse atmosphere. All employees shall strive to develop and maintain a healthy environment considering these circumstances.
Rules on Individual Activity
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Item Responsible department Relevant laws Internal regulations
  • Elimination of discrimination
General Affairs Team
  • Labor Standards Act
  • Act on Prohibition of Age Discrimination in Employment and Elderly Employment Promotion
  • Act on the Prohibition of Discrimination against Persons with Disabilities, Remedy against Infringement of Their Rights, etc.
  • Equal Employment Opportunity and Work-Family Balance Assistance Act
  • Business Ethics Policy and Standards of Conduct
  • Prohibition of sexual harassment
General Affairs Team
  • Labor Standards Act
  • Equal Employment Opportunity and Work-Family Balance Assistance Act
  • Business Ethics Policy and Standards of Conduct
  • Rules of Employment against Sexual Harassment
  • Implementation of fair accounting practices
Accounting Team, Management Team
  • Various tax laws
  • General Corporate Accounting Standards
  • Accounting-related regulations
  • Internal Audit Regulations (draft)
  • Prohibition of outside work
General Affairs Team
  • Civil Law
  • Commercial Law
  • Rules of Employment
Subject of notification Subjects of the internal notification system include all individuals working in the company (executive officers, employees, contract workers, dispatched workers, part-time jobs, etc.).
Notified matters The notified matters of the internal notification system are for acts that violate internal regulations, such as laws and the rules of employment, by organizations or individuals in the company and acts suspected of violating. In addition, notices intended for framing, retaliating, or gaining one's unjust interest may be regarded as violations and may be subject to disciplinary action.
Means of notification and filing A notification shall be made to the in-house HR director by letter.(Plan for Internet submissions will be reviewed in the future) In addition, both real names and anonymous notifications are validly accepted.
General affairs director :
Handling notification details The notified details are investigated by the General Affairs Team or an appropriately organized response team(structured by HR director). If an illegal act or violation of regulations is determined after the investigation, corresponding measures shall be taken. In addition, the General Affairs Team or the corresponding response team shall notify the real name informant of the results of the investigation and the corresponding countermeasures.
Protection of the notifier, etc. No adverse action shall be taken against the notifier for the notification. If a disadvantageous disposition is confirmed, the disadvantageous process should be ceased, and the person who took the disadvantageous disposition and the responsible person of the relevant organization are subject to disciplinary accountability. In addition, the name of the notifier and the notification details are treated with confidentiality. In particular, the notifier's name is not disclosed to anyone other than the person concerned.

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