Hanwha Corporation has been dedicated to our nation and society and has grown with the people since our establishment,
and we practice the Righteous Management to create a sound and fair corporate culture and to secure the trust of our stakeholders.
Hanwha Corporation prepared the Compliance Policy and Code of Ethics containing our ethical and compliance values in order to im-plement fair and transparent work practices.
We also enacted the Employee Practice Guidelines that further concrete these values so that all employees may appreciate the importance of compliance in all aspects of work and daily life and participate in practicing compliance management.
In order to actively participate in the Righteous Management, Hanwha Corporation appointed its Compliance Officer and established its Compliance Organization in March 2012. In December 2020, we further substantialized the compliance organization by appointing the leader of the Legal Team supporting each division as the Compliance General Manager of the divisions through the reorganization of the compliance control organization.
Hanwha Corporation has established a compliance management structure and is continuously improving the system to effectively engage in all related tasks.
We manage compliance activities within our organization through the procedures of prevention-implementation check-reporting and effectiveness evaluation
and support necessary ethics and compliance activities in various areas such as fair trade, personal information protection,
employee human rights, and anti-corruption.
Hanwha Corporation strives to create an ethical work environment by implementing on/off-line ethic and compliance education for executives and employees. We also produced and distributed guides for each compliance issue to be referenced when conducting work, and provided related education to enhance the capacity and expertise of our employees.
The Compliance Managers implement periodic compliance control inspections using the compliance control checklist, the Compliance General Managers report the inspection results to the Compliance Officer. If violations are discovered, the Compliance General Managers report to the Compliance Officer and implements corrective measures. If deficiencies are discovered as a result of Spot Checks on major legal issues, we distribute guidelines/checklists to employees for preventive action.
The Compliance Officer reports major compliance issues and countermeasures, major compliance control results and future compliance control plans to the Board of Directors and the CEO. We conduct effectiveness evaluations through law firms or other external legal institutions to check whether our compliance regulations and systems are effectively designed and operated.
Hanwha Corporation operates an online compliance Hot-Line system that allows employees or anyone to report illegal or unfair acts that occur in the business environment or in the course of employees' work. In addition, we also have an internal reporting system that allows employees to immediately report human rights violations and unethical behavior, such as workplace harassment and sexual harassment to the appointed person in charge of such affairs.
Hanwha Corporation strives to create a healthier industrial ecosystem by spreading the compliance management culture. For instance, we send out CEO’s compliance management letters reflecting our strong will regarding righteous management to our employees and also support our suppliers with educational programs on the Subcontracting Act and Occupational Safety and Health Act and training related expenses.
Hanwha Corporation enacted the Four Fair Trade Guidelines in 2013 to establish a strong trust relationship and achieve mutually sustainable growth through fair trade with our suppliers. We then revised and reenacted the Guidelines to a more detailed Four Fair Trade Practice Guidelines in 2018. Based on our four Practice Guidelines, we operate a department dedicated to promoting fair trade in our businesses to grow 'further together' with our suppliers, and continuously push toward fair trade compliance by raising autonomous awareness on fair trade of our employees and regularly examining supplier transactions.