Ethical Management Activities
Increasing awareness of ethical management
Employees familiarize themselves with the ethical management philosophy, the Code of Ethics, and the guidelines for applying the Code of Ethics upon joining Hyosung. They also sign a pledge to practice ethical management and prohibit improper solicitation and bribery. In addition, Hyosung produces and distributes promotional videos and materials resembling magazines via internal groupware in an effort to effectively raise ethics awareness. We receive the "Pledge of Compliance with the Hyosung Partner Code of Conduct" from our partners in order to ensure the practice of ethical management, such as anti-corruption. We increase awareness of supply chain-related ethical management through support in the way of ESG management consulting.
Ethical management training
Employees receive ethical management training on an annual basis for the purpose of promoting ethical management practices and awareness. Ethical management training is mandatory for newly hired and promoted employees, and high-risk departments in direct relationships with partners are selected for regular training on the Fair Transactions in Subcontracting Act and contract violations. By conducting training on trade secret protection and infringement cases, embezzlement, bribery, and document forgery, as well as the Monopoly Regulation and Fair Trade Act and the Fair Agency Transactions Act, we provide business departments with information on the procedures and standards required by law. Hyosung also provides ethics training materials and training venues for partner employees.
Enhancing internal monitoring and follow-up management
From fieldwork to various information investigations and business diagnosis, Hyosung conducts audits for management as a whole. In particular, we carry out audits together in the areas of technology and quality. We ensure that audit activities are independent, that auditees and informants are not treated unfairly, and that disadvantages are minimized. Regular audits are conducted in accordance with internal audit regulations, and special audits take place when particular issues or topics arise. Depending on the severity of incidents uncovered through audits, actions such as cautions, disciplinary action, and compensation are taken. The results of conducted audits are reported to the CEO, and the personnel subject to audit who are notified of the audit results are immediately instructed to correct the issues identified. In addition, the Audit Team conducts periodic re-inspections to prevent future occurrences of similar problems.