Fair Trade/Win-win Growth

Based on the mutual trust with our suppliers, we will be committed to settling into the fair trade culture and win-win growth.

Fair trade & Win-win growth

Having grown based on our customers’ trust, we think observing fair trade related laws/regulations for sustainable management and achieving Win-win growth with our suppliers directly result in bolstering our competitiveness while pursuing a larger growth.

We are well aware that establishing a fair trade environment where the suppliers do their best and are fairly treated is an essential factor for the business competitiveness and the cornerstone to obtain global competitiveness by having a competitive advantage in the fiercely competitive market.

We have conducted seminars and training programs to boost our suppliers’ competitiveness from long ago. We will greatly strengthen our network with our suppliers by further developing the efforts.

In line with such endeavors, we adopted the Fair Trade Compliance Program since January 2012. We will continue to fulfill our social responsibility and observe the laws by operating the Program. We will be also committed to advancing the fair trade culture and order in the industry so that we can establish a fair society.

Furthermore, we signed the Fair Trade & Win-win growth Agreement in April 2012 with our suppliers to contribute to building the win-win culture across our society. As we are selected as a company subject to the Win-Win Index evaluation, we plan to contribute to the win-win growth between large conglomerates and SMEs, which is the topic of the times, by practicing the win-win growth in the right way.

Guide on the “Winwinnuri”
We have supported win-win growth support programs in various
areas including education, funds, and technology to promote
the mutual cooperation with our suppliers while establishing
the win-win culture.

What is the “Compliance Program for Fair Trade”?

As an internal legal compliance system on training and supervision to make companies voluntarily observe the fair trade related laws/regulations, the Program has been introduced and implemented in the U.S. and EU. South Korea adopted it in 2001. Around 740 enterprises have been practicing it. We have adopted and operated the Program since January 2012 to publicly announce our strong will for legal compliance internally and externally.

  • Enhance the corporate competitiveness
    • Make voluntary efforts to practice the Program for the sustainable enterprise.
    • Increase the business competitiveness based on the support from the consumers and suppliers.
  • Prevent damages caused by law violation
    • Prevent damages in manpower and time due to the violation of laws.
    • Increase the awareness of the market and customers on the company as a reliable enterprise.
  • Cultivate the capability as a global enterprise
    • The compliance with the fair trade laws/regulations is a basic requirement for a company with global competitiveness.
    • It is a requirement to enter the global market.

The top 8 requirements of the Program

Prerequisites for the Program
The chief executives’ willingness for compliance and support
The establishment and implementation of the Program standards
The creation and use of the manual for the Program
The appointment of a manager responsible for operating the Program
The establishment of the internal monitoring system
The restrictions on executives and employees violating fair trade related laws
The execution of systematic training on the Program continuously
The evaluation on efficiency and improvement measures

The organization for the Program operation

Compliance Manager
Authority and job
  • Conduct the overall management of the Program.
  • Perform the overall tasks related to the laws including the handling of the fair trade related investigation.
  • Review the disciplinary measures on the fair trade related law violation and take it to the Disciplinary Committee.
Compliance Team
Authority and job
  • Operate the Compliance Program Coordination Committee(Once in a half year); cooperate with the manager in reporting to the BOD(Once in a half year); draft and distribute the guidebook and manual.
  • Train executives and employees on the legal compliance and issue newsletters on the fair trade topic.
  • Monitor whether related laws including the Subcontracting Act, Fair Trade Act are observed or not.
  • Operate a contract management program.
  • Frequently inspect, evaluate, improve the Program, procedures, and operation.
The Compliance Program Committee
The organization and major tasks
  1. 1. Related regulations
    • Article 82 to 86 of the compliance regulations
  2. 2. Meetings
    • Regular: Once in a half year
    • Irregular: Upon necessary
  3. 3. The organization of the Committee
    • Responsible executives of the Compliance Team, Legal Affairs Team, Audit Team, Finance Division, Accounting Division, General Affairs Team, HR Team, Patent Control Team, and Sales Management Division
  4. 4. Major tasks
    • Review the overall effect of the Program.
    • Analyze executives and employees, who violated the Program with and review the incidents.
Major activities
협력사 정보 제공
Date detail
2023
  • The declaration of the Program in 2023(President)
  • Report on the operation status to the BOD/ the Data Analysis, Retrieval and Transfer System (DART).
2022
  • The declaration of the Program in 2022(President)
  • Report on the operation status to the BOD/ the DART.
2021
  • The declaration of the Program in 2021(President)
  • Report on the operation status to the BOD/ the DART.
2020
  • The declaration of the Program in 2020(President)
  • Report on the operation status to the BOD/ the DART.
2019
  • The declaration of the Program in 2019(CEO)
  • Report on the operation status to the BOD/ the DART.
2018
  • The declaration of the Program in 2018(CEO)
  • Report on the operation status to the BOD/ the DART.
2017
  • The declaration of the Program in 2017(CEO)
  • Report on the operation status to the BOD/ the DART.
2016
  • The declaration of the Program in 2016(CEO)
  • Report on the operation status to the BOD/ the DART.
2015
  • The declaration of the Program in 2015(CEO)
  • Report the operation status to the BOD/ the DART.
  • Declared the voluntary compliance with fair trade for the second half of the year (by the Program Manager: Managing Director)