SHARED VALUE

We aim to establish a work environment where autonomy and responsibility are in perfect
harmony so that our employees can work with a sense of reward and happiness to create
and share value together with our business partners, and to become a leading company
that creates shared value generates the best customer value and takes the lead
in developing local communities.

MAJOR ACHIEVEMENTS

  • R&D expenses
    for quality improvement
    about 12.5 billion won
  • ESG evaluation for supply
    network (self-diagnosis)
    127 companies
  • Labor union membership
    Compared to No.
    100 %
  • Employee
    environmental education
    38 hours

(As of 2023)

ENHANCEMENT OF CUSTOMER TRUST

Goal to Protect Consumers' Right

Strengthen the provision of information and prevent
the causes of consumers' complaints

SECURING HEALTH AND SAFETY
DURING THE USE OF PRODUCTS AND SERVICES

FOOD SAFETY MANAGEMENT POLICIES

Food safety does not allow the slightest safe zone. We take every possible measure to make perfect
products by enacting our food safety management policies based on our philosophy of developing
products and services that are safe for customers. This represents our credo of making the next 50
years of safe and healthy products based on the integrity of the past 50 years.

Binggrae requires its employees to observe the following in-house principles of food safety to
reassure the customers, and has developed a culture where food safety is highly respected
based on its food safety management system.

1

All food products produced and sold must comply with domestic and international regulations and internal standards. A food safety management system must be established and implemented by adhering to customer requirements.

2

All food products produced and sold are to be released only after ensuring safety by eliminating risks of food safety incidents through prior safety evaluations.

3

Preventive management activities should be conducted to eliminate food safety and quality hazards in advance, monitor legal requirements and issues proactively, and communicate food safety information both internally and externally.

4

Compliance with prerequisite programs, OPRP, HACCP plans, food safety management manuals, procedures, and work standards must be ensured, and continuous improvement should be pursued to maintain product safety and quality

5

Minimize food loss and waste generated during manufacturing and distribution to contribute to the achievement of sustainability management goals

PERFORMANCE IN SECURING PRODUCT SAFETY

We consider ‘food safety’ the top priority in all the processes related to R&D, purchase of raw
materials, production of products, management of production facilities, and distribution. All our
products have acquired HACCP approval. We practice quality and food safety- oriented
management by acquiring the ISO 9001 and FSSC 22000 certifications.

QUALITY AND SAFETY VALUE CHAIN

연구개발

R&D

R&D on enhancing
food quality

구매

PURCHASE

Partner companies
selected through
quality assessment

생산

PRODUCTION

Advance verification
of product quality
through safety assessment

판매

SALES

Safe distribution
management of
all products

HUMAN RIGHTS MANAGEMENT

Declaration of Human Rights Management
by Binggrae Co., Ltd.

All employees of Binggrae Co., Ltd. recognize that as “messengers with a bright smile who bring health and happiness” we must
place respect for human rights above any other value, as it is both a universal value of humankind and a philosophy that we
aim to fulfill in conducting all our business activities. Furthermore, we recognize that fulfilling our corporate social responsibility
is not simply a gracious act that a company may perform at its own discretion, but rather a noble duty that
it is morally bound to fulfill as a member of the social community.

In order to fulfill our responsibility of respect for human rights, we will support and comply with the principles of the Universal
Declaration of Human Rights, the UN Global Compact and the Fundamental Principles and Rights at Work.

We are also committed to supporting the UN Guiding Principles on Business and Human Rights as set forth by the UN Human
Rights Council, and in order to comply with those principles, we will operate a human rights management system that includes
assessment and improvement activities as well as monitoring, internal and external communication, and grievance handling
and remedy procedures.

Human Rights Management Vision

Realization of a people-centered company where everyone can smile ‘Binggrae’

BINGGRAE’S PRINCIPLES OF HUMAN RIGHTS MANAGement
  • 1

    Protection of the Human Rights of Our Members

  • 2

    Protection of the Human Rights of Our Customers

  • 3

    Protection of the Human Rights of Our Business Partners

  • 4

    Prevention of Potential Risks of Violating Human Rights in the Course of Business Activities

Employees of Binggrae Co., Ltd

WIN-WIN COOPERATION AND LOCAL DEVELOPMENT

Win-win growth

As We source our raw materials from diverse suppliers to manufacture food items, stable management of
our supply network is a very important factor in stabilizing costs and prices. As such, our compliance with
the fair-trade regulations is part of our corporate social respons bility (CSR). We continuously explore new
means to grow and prosper together with our partner companies and farmers.

Win-win growth principle

1

Enhancement of competitiveness
and creation of synergy through
win-win growth between small
and large businesses

2

Contribution to the State and
society through harmony and
unity between small and large
businesses

3

Creation of future values through
multifaceted collaboration
between small and large
businesses

Win-win growth activities and programs

a.

Signing of fair-trade
agreements.

b.

Meetings with partner
companies.

c.

Introduction of win-win
payment system

d.

Introduction of win-win
payment and
performance sharing
systems.

e.

Introduction of
win-win fund.

f.

Development and operation
of a dispute mediation
procedure.

g.

Subcontract Review
Committee.

h.

Establishment of
the Fair-Trade
Promotion Department.

i.

Support for sanitation,
technology and
equipment.

j.

Operation of system
to notify employees
about key information.

k.

Operation of system to notify
employees about
key information.

l.

Financial support

Organizational chart of win-win growth

Formation of the
We operate win-win growth organizations such as the external cooperation team and
win-win growth task forces in order to listen to the voices of our partner companies
binggrae

1

Rules on fair selection (registration) of
partner companies
We have established procedures for selecting and
managing its partner companies to ensure that new
partner companies are selected and registered
through fair transparent business procedures.
View company rules binggrae binggrae

2

Rules on formation/operation of the
Subcontract Terms Review Committee
We have made it a mandatory procedure to conduct
internal reviews of the terms of subcontracts signed
with its partner companies so as not to treat
them unlawfully or unfairly, by complying with the Fair-Trade Act when subcontracting with its partner companies.
View company rules binggrae binggrae

4

Rules on entering into desirable contracts
We have established rules on entering into new
contracts with its partner companies, with the aim
of guaranteeing their benefits when contracting
with Binggrae.
View company rules binggrae binggrae

3

Rules on issuance and archiving
of desirable documents
We have established regulations concerning the
issuance and archival of documents that must be
issued to benefit partner companies in the process of
signing subcontracts and growing together with the
partner companies.
View company rules binggrae binggrae
4 major duties to
perform for
win-win growth
4 major duties to
perform for
win-win growth

1

Rules on fair selection (registration) of partner companies
We have established procedures for selecting and managing its partner companies to ensure that new partner companies are selected and registered through fair transparent business procedures.
View company rules binggrae binggrae

2

Rules on formation/operation of the Subcontract Terms Review Committee
We have made it a mandatory procedure to conduct internal reviews of the terms of subcontracts signed with its partner companies so as not to treat them unlawfully or unfairly, by complying with the Fair-Trade Act when subcontracting with its partner companies.
View company rules binggrae binggrae

3

Rules on issuance and archiving of desirable documents
We have established regulations concerning the issuance and archival of documents that must be issued to benefit partner companies in the process of signing subcontracts and growing together with the partner companies.
View company rules binggrae binggrae

4

Rules on entering into desirable contracts
We have established rules on entering into new contracts with its partner companies, with the aim of guaranteeing their benefits when contracting with Binggrae.
View company rules binggrae binggrae

Key Signature Format

Standard Contract Contract form for raw materials binggrae binggrae For OEM binggrae binggrae
Technical Data Request binggrae binggrae
Subcontract payment reduction written binggrae binggrae
Confirmation of Consignment Details Consignment details confirmation request. binggrae binggrae Reply to request for confirmation of consignment details binggrae binggrae

Fair trade self-compliance commendation details

2021 공정거래 자율준수 표창

[2021 Fair Trade Compliance Award]

2022 공정거리 자율준수 표창

[2022 Fair Trade Compliance Award]

2023 공정거리 자율준수 표창

[2023 Fair Trade Compliance Award]