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.

Self-inspection System and Council

Autonomous compliance system

Checklist to check and prevent in advance

Binggrae conducts a self-inspection of fair trade through a checklist for each sector.
Self-inspection is the most effective way to check and prevent violations of fair trade in advance, ensuring the practical operation of self-compliance guidelines.

Scope of Self-inspection: Violations related to fair trade

  • A. Violations of the Monopoly Regulation and Fair Trade Act
  • B. Violation of the Act on Fair Subcontracting Transactions
  • C. Violation of the Act on Fair Trade Fairness of Agency Transactions
  • D. Violation of the Act on Fairness of Display Advertising

Autonomous Compliance Council and Fair Trade Practice Leader

A. Autonomous Compliance Council
Function
  • The CEO declared his willingness to comply with fair trade and posted a declaration of fair trade practice (19.01)
  • In-house training emphasizes the willingness to comply with fair trade self-compliance
Configuration
  • Regular meetings are held on a quarterly basis and extraordinary meetings are held if necessary
  • Each member selects fair trade practice leaders and supervises fair trade practice leaders Operate the self-compliance council to enable practical operation
B.Fair Trade Practice Leader
Purpose of Operation
  • Dedicated personnel for each department who practically supports the work of the Fair Trade Self-Compliance Guidelines
  • This improves the efficiency of the operation of the Self-Compliance Council and spreads the mindset of complying with fair trade
Role
  • Self-inspection of the competent department
  • Consultation and guidance on fair trade to the competent department
  • Identification of CP operational problems and improvements
C. Roles and Responsibilities
Executing entity Major R&R
Self-compliance Council
  • CP Critical Matters Review and Self-Compliance Manager Advisory
  • Deliberation and resolution on sanctions against CP violators
Autonomous Compliance Manager
  • Chairman of the Self-Compliance Council
  • Report on the operation status of the board of directors once a half-year
  • Appointments to the Self-Compliance Council
  • CP7FACTORS OPERATIONAL COMMUNICATIONS
Member of the Self-compliacne Council
  • Coordinate the organization's autonomous compliance program
  • Attend quarterly self-compliance council
  • Self-inspection for violations of the organization's self-compliance program
  • Take 2H training once in half year
  • The organization in charge of the Fair Trade Commission investigation and inspection
  • CP-related internal audit inspection
  • Selection of the organization's self-compliance practice leader
Leader of the Self-Compliance Council
  • Assistance in performing duties of members of the Self-Compliance Council
  • General practice of self-inspection of the relevant organization
  • Working-level contact with the department in charge
  • Consultation on CP operation and discovery of improvements
  • Submission of the organization data collection of organizational data
  • Completion of 2H training once in a half year
Member of the Organization
  • Compliance with fair trade laws
  • Report any violations of laws related to fair trade
Supervising department
  • Autonomous Compliance Manager Job Performance Report
  • Maintaining and sharing the status of various laws, regulations, and cases
  • Company-wide CP Planning and Operation
  • Community Operations and Document Management
  • Legal counseling and support
  • Electronic disclosure of major operational status
  • Periodic/irregular operation status check
  • CP rating evaluation and management