Ethical
Management
We are committed to establishing and practicing ethical management principles.
Throughout the process of expanding and growing our business, we have always adhered to ethical management principles and established mutual trust with various stakeholders, including customers, shareholders, and business partners,
Ethical
Management
Policy
Striving to become a reliable company by practicing ethical management that meets the global standards
Since its foundation in 1924, Samyang Group has carried out righteous and trustworthy management practices for more than 90 years. Going forward, we will continue to build mutual trust with various stakeholders, including our clients, shareholders and business partners, while pursuing sustainable growth.
We established our Code of Ethics in 2022 and strengthened our internal accounting program in 2006 to raise our ethical management standards to the international level. Then in May 2013, we declared our renewed ethical management standards to be applied throughout Samyang Group.
For Samyang, the ultimate goal of ethical management is to fulfill our social responsibility as a company. Taking this goal to heart, we will make earnest efforts to become a reliable company that grows together with the members of our society. All our employees understand and follow our Five Ethical Management Principles and Practical Guideline when performing their day-to-day tasks.
We have no doubt that practicing ethical management is the prerequisite to becoming a trustworthy company, and that it is the solid foundation for the next 100 years of success. We will continue to practice ethical management that meets the international standards and build another 100 years filled with even more happiness than the last.
Core Elements
Practical Guideline for Ethical Management
With the aim to comply with the law and ethical principles and fulfill our corporate duties and social responsibilities, we have established ethical management principles which serve as a guideline for our decisions and actions. All employees at Samyang Group understand and follow the Five Principles of Ethical Management and Practical Guideline when performing their daily tasks.
Five Principles of Ethical Management
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Customers
Providing best products and services and differentiated values
Protecting customer information and respecting their right to know
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Shareholders
Maximizing the interests of shareholders and the company’s values
Increasing accounting transparency and disclosing company information
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Business Partners
Pursuing fair transactions and co-development with business partners
Prohibiting unethical acts such as the receipt of valuables,
entertainment, special treatment, and bribery
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Employees
Responsibilities and obligations of employees
Attitudes of employees
Executing duties fairly
Protecting the properties of the company
Creating a healthy and safe work environment
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Nation and Society
Corporate social responsibilities
Environmental protection and safety
Establishing a sound market order through fair competition
Ethical Management Reporting
We collect reports on non-ethical acts that violate the company’s Code of Ethics and Practical Guideline.
What to Report
- Receiving money, gifts, entertainment or convenience from stakeholders, such as business partners
- Misusing or gaining unfair gains from using company assets and information
- Violation of the internal accounting management regulation (intentionally providing, or forcing or hiding the act of providing false accounting information)
- Other non-ethical acts involving stakeholders
How to Report
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Select
Website, email, phone, fax, mail
reporting method -
Report
Provide your report -
Receive response
Response is provided according to the selected reporting method.
for the report
- We collect reports on abuse of superior position, unfair contracts or revisions, delayed payment, unfair return or rejection of goods, and any other violations of the Fair Trade Act.
- All reports are handled with confidentiality. We prioritize the protection of reporters to ensure that they feel secure making the report in any circumstance.
- We handle and respond to the reported concerns as swiftly as possible.
Phone/Fax Reporting
Reporting Method
Ethical Management Reporting
Reports are received and handled with confidentiality and placed under strict secrecy so that the contents never get disclosed.
Reported concerns are handled as swiftly as possible. False claims will not be processed.
We prioritize the protection of the reporter. The personal information you provide will not be used for purposes other than the investigation of the report.
Please keep in mind that we may not be able to fact-check your report if you do not provide any evidence.
Ethical Management Reporting
We will get back to you as soon as possible.
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