Sustainability

ETHICS & ANTI-CORRUPTION

Ethics & Anti-Corruption

PyungHwa Group Ethics Policy

"PyungHwa Group upholds 'Ethics' as a core value that serves as the foundation for all management activities. We build trust with our stakeholders through transparent and responsible management, pursuing sustainability based on this commitment. The Ethics Policy is a concrete guideline embodying these principles; it is the standard of conduct shared and observed by all affiliates, and the moral compass for every member of PyungHwa Group."

Key Content of PyungHwa Group Ethics Policy
Ethics Policy
Chapter 3, Article 1
Employee Ethics and Anti-Corruption
Chapter 3, Article 2
Approval Procedures for Sensitive Transactions
Chapter 3, Article 3
Prevention of Conflicts of Interest
Chapter 3, Article 4
Fair Trade and Competition
Chapter 3, Article 5
Prevention of Counterfeit Parts
Chapter 3, Article 6
Compliance with Trade Restrictions and Economic Sanctions
Chapter 3, Article 2
Anti-Money Laundering (AML)
Chapter 3, Article 3
Accurate Documentation and Record-keeping
Chapter 3, Article 4
Information Disclosure and Public Announcement
Chapter 3, Article 5
Intellectual Property (IP) Protection
Chapter 4
Measures for Policy Violations
Chapter 5
Reporting and Whistleblower Protection

PyungHwa Group Code of Conduct

Code of Conduct

The PyungHwa Group Code of Conduct serves as a practical behavioral guideline for implementing ethical policies within daily operations. The Code defines the appropriate conduct and responsibilities toward all stakeholders, including customers, shareholders, investors, suppliers, employees, and the local community. Employees are required to adhere to the Code of Conduct across various domains, such as honest and fair decision-making, customer protection, transparent information disclosure, fair trade, the establishment of a safe working environment, and environmental protection. Through these efforts, PyungHwa Group aims to internalize a sound corporate culture and pursue sustainable growth based on trust with our stakeholders.

Attitude Toward Customers
1. Respect for Customers
We think and act from the customer's perspective, striving to provide the highest quality products and services that ensure customer satisfaction and trust. We provide accurate information regarding our products and services, respect diverse customer feedback, and actively incorporate it into our management practices.
2. Customer Protection
We protect the interests, safety, and personal information of our customers and strictly refrain from any unfair practices.
Attitude Toward Shareholders and Investors
1. Protection of Shareholder Rights
We protect the rights of shareholders and respect their reasonable requests and suggestions. We build mutual trust with shareholders and investors and strive to maximize shareholder value.
2. Equal Treatment
We treat all shareholders, including minority shareholders, fairly and equitably. Management decisions shall consider the interests of all shareholders to ensure that the rights of specific shareholders are not unfairly compromised.
3. Proactive Information Disclosure
Accounting records are maintained in accordance with Generally Accepted Accounting Principles (GAAP) to transparently disclose the company’s financial condition and operating results. Furthermore, we provide management information in a timely manner to enable investors and other stakeholders to make informed investment decisions as required by law.
Attitude Toward Business Partners
Fair Trade
We build mutual trust and cooperative relationships with our suppliers through transparent and fair trade practices, striving for mutual growth. We strictly prohibit any form of unfair practices that exploit a superior bargaining position.
Responsibility Toward Employees
1. Fair Treatment
We do not engage in unfair discrimination and provide equal opportunities based on individual merit and talent. We establish clear evaluation criteria for talent, competency, and performance, ensuring that appraisal and compensation are conducted fairly.
2. Creation of a Supportive Work Environment
We respect the individuality and fundamental rights of our employees and strive to maintain a safe and healthy working environment. To foster proactive and creative growth, we continuously develop and support specialized training programs, assisting our employees in achieving professional self-actualization.
Social Responsibility
1. Compliance with Domestic and International Regulations
As a responsible member of the nation and the local community, we comply with all domestic laws as well as internationally recognized statutes and regulations.
2. Contribution to National Economic and Social Development
We contribute to national economic and social development through productivity enhancement, job creation, and faithful tax compliance. Furthermore, we encourage and support our employees' engagement in sound social activities and volunteerism.
3. Environmental Protection
We strive to protect nature and preserve a clean, sustainable environment for future generations.
Basic Ethics for Employees
1. Establishing a Sound Corporate Culture
Employees share PyungHwa Group’s management philosophy, align with its goals and values, and faithfully execute their assigned duties. We foster an organizational culture built on effective communication and mutual trust, conducting business through rational methods while complying with all relevant laws and internal regulations.
2. Prevention of Conflicts of Interest
Employees must strive to avoid any conflicts of interest between the company and themselves or between departments. In cases where a conflict is unavoidable, the interests of the company shall take precedence.
3. Prohibition of Insider Trading
Employees are prohibited from trading securities using non-public internal information acquired during their duties. Material confidential information that may impact stock prices must not be disclosed to third parties without following proper legal procedures.
4. Protection of Company Assets and Information
Employees must protect the company's tangible and intangible assets, as well as trade secrets, and ensure they are not used for personal gain. Prohibit the pursuit of private interests or unfair transactions leveraging one's position, and prevent the leakage of sensitive information to external parties.
5. Prevention of Sexual Harassment
Any conduct that causes sexual humiliation or undermines healthy workplace relationships, including verbal or physical actions, is strictly prohibited.
6. Prohibition of Political Activities
Employees shall not engage in political activities within the workplace during working hours or use the company’s organization, personnel, or assets for political purposes. While individual political rights and opinions are respected, employees must ensure their views are not perceived as the company's official stance.
7. Prohibition of Bribery and Improper Solicitations
Accepting money, gifts, or entertainment from stakeholders, including suppliers, is strictly prohibited. We do not offer or accept hospitality that exceeds social norms, and the exchange of money or entertainment within the company is also forbidden.
8. Compliance with the Ethics Charter
All employees must faithfully comply with the Ethics Charter and assume responsibility for any violations. If coerced into a violation or witnessing misconduct, employees must report it to the compliance department. Any violation will be followed by a thorough root cause analysis and mandatory recurrence prevention training.