Ethical management

Ethical charter

On the basis of a wholesome corporate culture and active ties between organizations, we are working to develop into a world-leading auto component maker. By establishing and executing the values of fair and transparent ethical management in order to achieve shared prosperity with our clients and stakeholders, we present the following ethical charter and pledge to use it as the standard for ’s activities.

• Customer satisfaction

  We think of customer satisfaction as corporate development and consider the customer to be our highest value in our work. We do everything we can to allow all our joint ventures and employees to develop together.

• Trusting relationships

  Based on the principles of responsible and transparent management, we support free and fair competition, and we are doing our utmost to promote a clean corporate image.

• Responsible, transparent management

  Based on the principles of responsible and transparent management, we support free and fair competition, and we are doing our utmost to promote a clean corporate image.

• A leading company

  We are doing our best to strengthen our corporate competencies and carry our activities to fulfill all our social obligations and take a leading role in working for the public good.

Code of Ethics / Guidelines

Chapter 1 : General Rules

• Article 1 (Primary Responsibilities)

  1. attempts to become respected and trusted company based on management in right path of being exhaustive to fundamentals and keeping principles. 2. Increase the enterprise value through constant innovations on management and reinforcement of potentiality. Through establishment of ethical corporate culture, it will grow and develop with all interest groups into a company which clients want to trade with and which employees want to work at.

• Article 2 (Clients and Accounts)

  1. Put customer values above every elements of management to supply best product and service
  2. Provide fair opportunity and assure reasonable terms and conditions of business to suppliers in order to establish partnership.
  3. Pursue competition in good faith and comply with fair trade order.

• Article 3 (Executives and Employees)

  1. Respect individual’s creativity and provide opportunity for fair competition to become the place of self-realization.
  2. No discriminations must be made based on any reasons including educational background, regional background, family name, age, religion, and etc.
  3. Settle expansive corporate culture based on mutual trusts and understandings.

• Article 4 (Country and Society)

  1. Comply with national policies and relevant regulations and fulfill social responsibilities as a corporate citizen.
  2. Respect the tradition and culture of regional society and strive for mutual development and prosperity with regional societies.
  3. Comply with generally approved international and local regulations related with human rights, environment, culture, economy, and accounting.

Chapter 2: Guidelines in Practice

• Article 5 (Purpose)

  This guideline sets the permitted behavioral standards and range of allowable benefits such as money and valuables, entertainment, and convenience from interest groups in relation with duty performance of executives and employees for efficient operation of code of ethics.

• Article 6 (Definition of Terms)

  Here are the definitions of terms being used in this guideline
  1. Money and Valuables: Economic benefits including money (Cash, gift cards, voucher) and valuables
  2. Entertainment: Meal, drinking parties, golf, shows, amusements, and etc.
  3. Convenience: Benefits such as transportation, accommodations, tour, activity sponsorships, and etc.
  4. Interest Group: All individuals, client companies, and various organizations whose rights or benefits may be directly influenced by one’s performance of duty.

• Article 7 (Money and Valuables)

  1. Executives and employees must not request and receive money and valuables from interest group, but souvenir with company logo of the interest group and souvenir given to all participants of the event held by interest group are exempted.
  2. In case one received inevitably received money and valuables without recognizing it, one must return it immediately and report to the department head if returning is difficult.
  3. The department head must deal with the reported money and valuables in transparent and proper way and report the result to the audit agency which is in charge of business ethics.

• Article 8 (Entertainment)

  1. One can exchange entertainments in generally accepted level such as having a meal with interest group provided that one must not exchange entertainment in bars with sexual favors.
  2. One must not receive any entertainment exceeding generally accepted level; in case one inevitably received it, one must report to the department head.
  3. In case one provide entertainment to interest group exceeding generally accepted level with company bearing expenses and in case when one participate in event with entertainment exceeding generally accepted level, one must get approval from department head.

• Article 9 (Convenience)

  1. One must not receive convenience such as transportation, accommodation, and etc. paid by interest group. But convenience provided to all participants of event held by the interest group is exempted.
  2. In case one received any convenience exceeding the permitted range, one must report to the department head.

• Article 10 (Congratulations and Condolences Expenditures)

  One must not receive convenience such as transportation, accommodation, and etc. with expenses charged by interest group.
  1. One should not inform any family occasions happened to oneself or colleagues to interest group, and informing through third party is considered as one’s notification.
  2. In case of informing family occasions to other employees, the range of relatives is limited to grandparents, parents, children of oneself and spouse.
  3. The congratulations and condolences expenditures must not exceed generally accepted level in social customs.
  4. The principle is to not receive congratulations and condolences expenditures from interest group. But if one inevitably received the expenditures, the expenditures must not exceed generally accepted level in social customs. In case one received expenditure exceeding that level, one must report to the department head and the department head must deposit it to audit agency.
  5. When department in charge of business ethics request one to submit return record of expenditures from interest group, one must submit the related records.

• Article 11 (Lending and Borrowing Money)

  1. One must not perform any lending and borrowing money activity such as cash loan, guarantee for loan, lease of real estates, and etc. with interest group.
  2. If one inevitably performed money transaction with interest group due to personal acquaintance relationship, one must report to the department head.

• Article 12 (Event Sponsorship)

  1. One must not receive sponsorship from interest group in case of departmental events or club activities supported by company.
  2. Receiving benefits such as place, car, and services necessary for the event is considered as receiving supporting donations.
  3. In case one inevitably received sponsorship, one must report to head one belongs or to head in charge.

• Article 13 (Improper Use of Budget Resources)

  1. The budget resources of company such as fees for conference and business promotion must not be used for personal uses.
  2. Execution of expenses must use corporation card; use of corporation card must comply with the purpose and standard of revenue regulation.

• Article 14 (Responsibilities of Department Head)

  1. Department head must often perform education and counseling to affiliated employees for adequate understanding of this guideline.
  2. Department head must take appropriate precautions to prevent affiliated employees to not violate this guideline.

• Article 15 (Notification Duty and Secret Guarantee)

  1. When an executive or employee find out the violation to this guideline, one must notify the audit agency, which is in charge of business ethics, immediately through fastest and most convenient method.
  2. When department head is reported of violation of code of ethics by affiliated employee, the department head must fill in the standard form and notify to audit agency which is in charge of business ethics.
  3. The department in charge of business ethics may confirm the validity of the notified issue when necessary, and the relevant executive or employee must actively cooperate.
  4. Executives and employees must not give disadvantages to the reporter and must not reveal the identity.
  5. If there is possibility that reporter may receive disadvantage in terms of human resources affairs, personnel transfer must be made in accordance with one’s wishes.
  6. In case executive or employee finds the fact of report from duty or accident, the executive or employee must keep the secret and may receive disciplinary action in case of leakage.

• Article 16 (Rewards and Disciplinary Actions)

  1. The company may provide executive or employee, with meritorious contribution in accomplishment of the purpose of this guideline, an appropriate compensation or reward in accordance with relevant regulations.
  2. The company will strictly censure any executive or employee violating this guideline in accordance with relevant regulations.

• Article 17 (Prohibition of Retaliatory Act)

  Contractor do not perform any retaliatory act giving disadvantage, severance of business, and irrational restriction to subcontractor for the reason of formal objection to contents of contract, consultation of quarrel adjustment related with subcontract transaction, and report of unfair trade of contractor.

• Article 18 (Examination Process)

  In case visiting supplier is necessary, visit schedule must be noticed in forms of written document or electronic document before the visit.

• Article 19 (Interpretation)

  1. In case the family, relatives, and friends of executive and employee illegally use the name of executive or employee to violate this guidance, it is considered as action of person as well.
  2. In case question arises on parts not specifically defined in this guideline and code of ethics, the one must make inquiry to the department in charge of business ethics and follow the interpretation.

• -Supplementary provision

  This regulation is enacted for practice starting from July 1th 2013.

Detailed Guidelines for Practic

• 1. Application Scope

  This guideline defines employee’s behavioral standards and business promotion process for efficient practice of ethical regulations.

• 2. Purpose

  The purpose of this standard is to allow proper and rational decision with interest group in performing duties in legal and transparent ways in order for employees to take the lead in creating mutually trusting organization culture through efficient practice of code of ethics, to protect the assets of company, and to maintain the dignity of SNG employee

• 3. Behavioral Standards for Code of Ethics

  ① Behavioral Standards in Company
  
  - Make refined and proper language a way of life
  - Do not perform any activities not related with duty such as internet surfing or playing games using office P/C.
  - Do not force colleagues to do unpleasant actions (drinking boilermaker, passing the glass, or forcing additional drinking parties after get-togethers)
  - Do not ask junior employees to do errands or personal requests.
  - Understand and provide help for personal difficulties of colleagues (mutual cooperation between colleagues and organizations which vitalizes the organization)
  - Strive for self-development, and leaders foster that atmosphere.
  - Compliment the strength of colleagues and do not criticize the weakness.
  - Actively participate in protecting company information
  - Always check oneself whether any actions are against or violating code of ethics according to the self-diagnosis table.

  
  

  ② Behavioral Standards with Interest Group
  
  - Respond kindly to external call and do not make authoritative or one-sided directions to interest groups - Accept the inconveniences and complains of interest group at highest level and make improvements. - Understand the position of interest group and make effort to create solution to problem or request. - Do not request any company information on the pretext of business from interest group and do not use the data acquired for duty purpose in private purpose. (Do not receive entertainment or gift exceeding socially accepted level.) - Retrain from unnecessary relationship or meeting with executive or employee of the interest group. - Do not receive any gift from interest group in holidays and year end and announce the code of ethics practices in advance. - Do not inform internal events such as track meet to interest group. In case interest group shows intention of support, explain the code of ethics and reject politely. - Do not receive any entertainment offer exceeding the generally accepted level such as meal in luxurious bars. - Inform the superior when one find out that one’s own action violated the code of ethics.

• 4. Ethical Education

  Executive or employee who is has contribution in prevention for code of ethic violation or who shows willingness to practice ethical standards will be reflected on work evaluations and awards.

Behavioral Regulations

• 01 Trade with Clients

  Comply with healthy and fair trade order

  - All trades must be performed in mutual respect and equal positions
  - Do not make any unfair request or any form of prize using superior position
  - Contribute to the profit creation of client through fair competition in the market
  - Restrict transaction with companies which committed illegal actions such as tax evasion, accounting fraud, and environmental pollution

• 02 Conflict of Interests

  Do not get involved in any improper activity with interest group in relation to the work.

  - Do not make request or cash loan with interest group which may hinder proper business performance.
  - Do not provide or receive any money or valuables except souvenir and gift in generally accepted level
  - Do not provide or receive any entertainment or convenience which exceeds generally accepted level
  - Maintain highest level of integrity and strictly prohibit improper activities such as bribing, coercion, intimidation, embezzlement.

• 03 Protection of Corporate Assets

  Do not take personal profit using corporate assets or information.

  - Do not let oneself or any other people to obtain improper advantage using important internal information.
  - Budget support must be made efficiently in the perspective of sincere manager
  - Do not use equipment and facilities for purposes not related with work.

• 04 Information Protection and Sharing

  Protect important information and share useful information

  - Strictly protect closed or important information of the company.
  - Do not provide various technology materials, plans, and intellectual properties obtained from client to third party without in advance agreement of the client.
  - In case of recognizing important information, deliver to the relevant person
  - Do not distort information and do not spread false information

• 05 Attitude as Employee

  Create organizational culture where employees trust and respect each other

  - Do not perform any linguistic, physical, and visual activities that arouse displeasure to others including sexual harassment which infringes individual right.
  - Respect individual’s privacy and do not slander others
  - Eliminate the wall between organizations and foster mutually cooperating atmosphere.

• 06 Healthy Social Life

  Respect social norms and save honor

  - Precede in volunteer works as a model member of society
  - Do not perform any activities that lose one’s and company’s dignities.
  - Do not perform any activities which benefit certain political party or social organizations using position in the company

• 07 Comply with Code of Ethics

  Establish corporate culture of practicing code of ethics

  - Take code of conducts as standards of action and value judgment so that everyone must sincerely comply.
  - In case one finds out that one’s activity or other’s activity is violating the code of ethics, one must report to department head or department in charge of business ethics.
  - The company must protect the reporter and must not give disadvantage
  - If necessary, company may set separate standards for efficient manage of code of ethics.