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.

Practical Guideline for Ethical Management

Five Principles of Ethical Management

  • Customers

    • Providing best products and services and differentiated values

    • Protecting customer information and respecting their right to know

  • Shareholders

    • Maximizing the interests of shareholders and the company’s values

    • Increasing accounting transparency and disclosing company information

  • 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

  • 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

  • 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

  • Select
    reporting method

    Website, email, phone, fax, mail
  • Report

    Provide your report
  • Receive response
    for the report

    Response is provided according to the selected reporting method.
  • 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 Officer, Corporate Audit Team, Samyang Group +82-2-740-7072 +82-2-740-7639

Online Reporting

All reports are received and handled with confidentiality.

Report online

Ethical Management Reporting

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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.

Report Contents

*Required fields

Select

※ Please provide a detailed description of the event (what, when, where, who, why, how) and provide specific evidence. Please note that if the report is deemed to have inadequate credibility due to lack of evidence, we may not conduct an investigation.

※ Only jpg, gif, png, doc, ppt, xlsx, xls, hwp files of 50MB or smaller

Prevent automatic input
  • view content
    Collected information

    Name, email and other contents entered by the individual

    Collection purpose

    Respond to customer’s inquiry and request

    Period of use

    In principle, collected information will be disposed immediately once the purpose of collecting and using the personal information is fulfilled. However, if it is necessary to retain the personal information in accordance with relevant laws, the personal information can be stored for the period stipulated by relevant laws as follows

    Records related to consumer complaints or dispute settlement: Three years (Act on the Consumer Protection in Electronic Commerce) ※ Your consent is required to use the service.

Ethical Management Reporting

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We refuse unauthorized email collection

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We refuse the unauthorized collection of the email addresses on this website using email collection programs or other technical devices. Please note that any violation will be subject to criminal penalties in accordance with the Act on Information and Communications Network.

Posted on March 28, 2023

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