Article 1 Prohibition on requesting, receiving or providing monetary benefits
(1) “Provision of money and valuables” refers to providing money and valuables (including cash and marketable certificates, such as checks, promissory notes, certificates of deposit and gift certificates and vouchers) or repaying someone else’s debt.
(2) “Money for congratulations or condolences” refers to congratulatory money, condolence money or something of that kind and their equivalent gifts or food, such as wreaths and condolence flowers.
(3) “Gift” refers to goods, accommodation vouchers, memberships, flight tickets, admission tickets and/or other economic benefits.
(4) “Entertainment and hospitality” refer to having someone else pay or paying for the cost of foods (food, refreshments, alcoholic beverages, beverages, etc. had by the provider and the stakeholder together), sports (golf, etc.), gambling, performances, domestic or overseas tours, etc.
(5) “Ordinary level” in relation to providing and receiving monetary benefits refers to the level that meets the following requirements.
① It should be of a level that can be understood with reasonable common sense, be justifiable when disclosed, and not affect the fair processing of business at all nor impose any pressure on each other.
② It should be appropriate in terms of not only the amount of money but also the location, purpose, method, frequency, cycle, timing, counterpart, content, social ethics and practices, etc.
③ It should have no strings attached, regardless of the amount of money.
④ It should not be prohibited under the relevant statutes, such as the Improper Solicitation and Graft Act (limit of value: food 30,000 won, gift 50,000 won, family event 100,000 won).
⑤ An ordinary level may vary depending on the specific circumstance, nature of business, position, etc.
2. Money and valuables
(1) Directors, officers and employees must not accept money or valuables from any stakeholder on any occasion, and must politely reject or return it.
(2) Where you have received money and valuables without noticing, you must report to the reporting channel (Clean Notice) within three days of receiving it.
3. Family events
(1) You may not receive or provide congratulatory or condolence money that exceeds 100,000 won. Where the amount of congratulatory or condolence money you have received from any stakeholder exceeds 100,000 won, you must politely return the excess to the provider subsequently.
(2) Any wreath, flowerpot, etc. you give or receive in relation to a promotion, promotional transfer, inauguration, etc., should be of a frugal level, and should also be replaced by a congratulatory telegram or email if possible.
(1) You must not receive or give any gift of more than an ordinary level. A recommended ordinary level of gift is no more than 50,000 won.
(2) Where you have received a gift without noticing or because you considered it rude to return the gift, you must report to the reporting channel (Clean Notice) within three days of receiving it.
(3) Any gift reported under the preceding (2) must be processed as follows.
① Any gift that can be returned, such as those that will not be lost or deteriorate over time, must be returned immediately to the stakeholder who provided it.
② Any gift that cannot be returned, such as those that will be lost or deteriorate over time, must be donated to a social welfare facility or religious group in the name of the stakeholder who provided it and notify him/her.
5. Entertainment and Hospitality
(1) You must not receive or give any entertainment/hospitality of more than an ordinary level. A recommended ordinary level of treating to a meal is not more than 30,000 won per person. Note that treating to a meal should not be frequent.
(2) Any entertainment/hospitality of a gambling nature (Go-stop, poker, golf with betting, casino, horse racing, bicycle racing, boat racing, etc.) is strictly prohibited regardless of whether it is of an ordinary level or not.
(3) You must not accept being treated from a stakeholder in the form of sports events, such as golf and ski, unless it is an official gathering or approved by the Company in advance.
(4) Where you have received any entertainment/hospitality of more than an ordinary level from a stakeholder, you must report to the reporting channel (Clean Notice) within three days of receiving it, and must take action, such as returning cost, as instructed by the team in charge.
6. Other cases
(1) Leasing, buying at a lower price, selling at a higher price
① You must not accept any act of leasing or taking as security any asset regardless of its value by a stakeholder for the convenience or profit of yourself or your family/relatives.
② You must not make profits by unfairly buying any movable or immovable asset owned by a stakeholder for free or at a price lower than its market price or by unfairly selling any movable or immovable asset owned by you or your family to a stakeholder at a price higher than its market price.
(2) Loan guarantee
When you take out a loan (regardless of the lender and amount), you must not demand a loan guarantee of a stakeholder or accept any such offer.
(3) Borrowing and lending money
You must not borrow money from or lend to a stakeholder regardless of the amount.
(4) Guaranteeing the future (helping find a job, promising to make a contract, etc.)
① You must not request a stakeholder to promise a job after you retire or equivalent or accept any such offer from them, and must not request a stakeholder to promise any benefit, such as making a contract after you retire, or accept any such offer from them.
② Where you receive any offer from a stakeholder to guarantee a job or contract, you must report to the team in charge immediately.
Article 2 Prohibition on improver solicitations
Article 3 Prohibition on unfair equity investment in suppliers
Article 4 Falsification of documents and calculations and false reports
Article 5 Illegal and unfair use of company assets
Article 6 Creating an organizational culture based on mutual trust and respect
Article 7 Protection of the Company’s information and document control
Article 8 Limitation on payment of compensation for outside lectures, etc.
Article 9 Honest international business