ETHICAL BUSINESS MANAGEMENT SYSTEM

We conduct our business activities in compliance with the legal statutes and the spirit of the
law as an enterprise that practices ‘sound ethics and morality’ and respects the order of the
free competition market oriented to transparent fair competiton.

1. Compliance support

Main contents of compliance support
Binggrae has appointed compliance applicants since 2014 to establish compliance control standards, provide compliance support education and reguarly or frequently conduct monitoring to practice compliance management.
Status of compliance support activities in 2023
Legal: Three sessions covering the Serious Accidents Punishment Act and advanced contract drafting.
IP: Two sessions including an overview of trademark rights.
CP: Seven sessions covering the Monopoly Regulation Act and the Win-Win Cooperation Act.

2. Compliance

Compliance management
Binggrae introduced the compliance management system [ISO37301] set by the International Organization for Standardization to identify and continuously monitor the risks associated with compliance with norms that may arise in corporate management. In particular, by identifying and fulfilling the obligations of compliance to be performed by Binggrae organizations, we are striving to increase social responsibility and value to become a sustainable company.
Binggrae Compliance Policy
To become a trusted company through transparent and fair management based on ethical compliance management, Binggrae Co., Ltd. (hereinafter referred to as the "Company") shall comply with all laws and regulations and shall perform its duties ethically, we establish and declare a compliance policy.
  • 1

    The Company and its employees comply with all applicable compliance obligations, including domestic and international compliance obligations.

  • 2

    Employees violate their compliance obligations or are aware of the violation and fail to take reasonable measures to prevent it, The company is not responsible on behalf of executives and employees and may take disciplinary measures in accordance with the company's regulations.

  • 3

    All executives and employees are responsible for managing compliance issues and reporting them to the compliance officer.

  • 4

    The company establishes a system to report non-compliance with the compliance obligations of executives and employees, and provides the details of the report and the personal information of the reporter Keep it a secret and protect it from being treated unfavorably for reporting.

  • 5

    The company continuously manages and improves by establishing a compliance management system that can achieve the purpose of compliance management.

  • 6

    The compliance officer has a direct and regular reporting obligation to the governing body with appropriate authority and independence.

Compliance Reporting Procedure

Reporting
non-compliance

  • Staff

    Compliance Reporting

  • the head of the department (team)

    Compliance Reporting

  • Compliance Officer

Online Reporting System

Reporting non-compliance