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KOREA

화승 70주년 기념 전시관 H STORY
Transparency
Ethics
Hwaseung will play a crucial role in social and economic development by implementing customer-centered, shareholder-centered, employee-centered, and socially responsible management practices.
Hwaseung will play a crucial role in social and economic development by implementing customer-centered, shareholder-centered, employee-centered, and socially responsible management practices.
Hwaseung plays a crucial role in advancing social and economic development by prioritizing customer satisfaction, shareholder interests, employee well-being, and corporate social responsibility, and adheres to a corporate management approach that fosters national and human progress. To accomplish this goal, we have put into place the 'Hwaseung Code of Ethics' to serve as a framework for employees' ethical decision-making and behavior throughout all managerial responsibilities.
Hwaseung plays a crucial role in advancing social and economic development by prioritizing customer satisfaction, shareholder interests, employee well-being, and corporate social responsibility, and adheres to a corporate management approach that fosters national and human progress. To accomplish this goal, we have put into place the 'Hwaseung Code of Ethics' to serve as a framework for employees' ethical decision-making and behavior throughout all managerial responsibilities.
  • 1. Company's basic ethics
    Article 1 [Company's basic ethics]
    • Hwaseung seeks to establish itself as a trustworthy and esteemed company through its commitment to fundamental values, adherence to principles, and transparent, accountable management practices.
    • Hwaseung will enhance corporate value through ongoing management innovation and the reinforcement of growth strategies. By fostering an ethical corporate culture, we cultivate a company that is desired by employees, customers, shareholders, business partners, the country, and society to fulfill their respective responsibilities, thereby enabling mutual growth and development with all stakeholders.
  • 2. Responsibilities for employees
    Article 2 [Responsibilities for employees]
    • Show respect for the dignity, privacy, and fundamental human rights of each individual.
    • Serve as a platform for self-expression by honoring individual creativity and offering opportunities for equitable competition.
    • We do not engage in unjust discrimination based on race, national origin, gender, age, education, religion, geographical location, disability, marital status, or any other criteria.
    • We conduct assessments impartially and allocate rewards based on individuals' capabilities and accomplishments, while also actively promoting the growth of creative skills.
    • Create a forward-thinking corporate culture founded on mutual trust and understanding.
    • Adhere to relevant laws and internal regulations in order to foster a healthy and safe workplace.
  • 3. Basic ethics of employees and executives
    Article 3 [Basic ethics of employees and executives]
    • As employees of Hwaseung, we take pride in representing the company, upholding its honor and dignity, and consistently demonstrating a commitment to honesty and sincerity in our work.
    • Employees are dedicated to enhancing themselves through ongoing efforts and innovation.
    • Establish mutual trust through effective communication with supervisors and colleagues, and assume a proactive role in fostering a collaborative labor-management environment.
    • Employees shall adhere to the company's management philosophy, vision, and values, diligently carrying out the tasks given to them in line with company policy, and refrain from any actions that may go against the interests of the company's stakeholders, including shareholders, investors, and customers:
      • Receiving compensation from stakeholders
      • Absence of clear communication in relationships with business partners.
      • Unjust distribution of equity among business partners.
      • The unauthorized use or misappropriation of company assets.
      • Manipulation and inaccurate reporting of document quantities.
      • The external divulgence of proprietary information.
    • Employees shall unmistakably differentiate between public and private interests and shall refrain from utilizing their position for personal enrichment.
    • When there is a conflict between company and personal interests, prioritize the company's interests.
    • Refrain from participating in any conduct that is degrading or sexually humiliating.
    • Be mindful of other individuals' intellectual property rights while also safeguarding your own.
    • Safeguard the company's assets and refrain from utilizing its resources for personal benefit.
    • Information that necessitates security, such as company confidential data, must only be shared with authorized individuals and should not be disclosed without the company's prior approval both during employment and post-retirement.
    • You are not permitted to disclose information acquired in the course of your work without authorization, nor may you use it to secure economic benefits for yourself, your family, or any third parties (such as relatives or acquaintances).
    • All employees are expected to uphold a safe and conducive working environment and take personal responsibility for preventing safety incidents.
    • Comply with safety-related laws, regulations, and protocols.
  • 4. Responsibilities for customer
    Article 4 [Responsibilities for customer]
    • We will consistently make efforts to provide genuine value to our customers, relying on their trust.
    • Consider the perspective of your customer, value their opinions, and uphold your commitments to them.
    • We are dedicated to providing superior products and services in order to ensure customer satisfaction and loyalty.
    • Ensure the protection of the interests and safety of our customers, avoiding any unfair treatment towards them.
  • 5. Respect for shareholders
    Article 5 [Respect for shareholders]
    • Endeavor to safeguard shareholders' investment returns by attaining profits through prudent business practices.
    • Employees are prohibited from using confidential information acquired in the course of their employment at the company for personal profit.
    • In order to uphold a relationship of mutual trust with shareholders and investors, corporate information is openly disclosed in compliance with established laws and regulations, and the processing and reporting of accounting data strictly adheres to the standards and laws of each respective country.
  • 6. Relationships with business partners
    Article 6 [Relationships with business partners]
    • Ensure that all eligible vendors are provided with equitable trading opportunities.
    • The process of selecting business partners adheres to the principles of open competition and transparent evaluation criteria.
    • Refrain from leveraging your position of authority within the company to exert undue influence or compel inappropriate actions.
    • Work together to establish a fair and transparent trading environment with business partners through trust and collaboration.
    • Assist business partners in advocating for ethical management practices in order to achieve mutual growth.
  • 7. Role for countries and societies
    Article 7 [Role for countries and societies]
    • As a member of the country and society, employees are expected to uphold their social responsibilities by adhering to national policies, domestic and international laws and regulations, as well as internationally recognized norms.
    • We shall sustain a robust market structure by fostering fair competition rooted in technology and quality standards.
    • We shall contribute to national development through job creation, diligent tax payment, active participation in social service activities, and support for cultural development.
    • In business and sales operations, we shall prioritize environmental conservation and adhere strictly to environmental regulations in our respective countries and regions.
    • To ensure a pleasant and safe working environment, we shall prioritize organization and adhere to workplace safety practices at all times.
    • The company shall not engage in politics. However, we retain the right to express our position on policy or legislative proposals that affect our interests.
    • While employees' rights to vote and hold political opinions are acknowledged, employees must refrain from making statements that could be interpreted as supporting Hwaseung's political stances.
  • 8. Adherence to the Code of Ethics
    Article 8 [Adherence to the Code of Ethics]
    • All employees must sincerely adhere to this Code of Ethics, irrespective of their position. Violations will result in appropriate disciplinary action. Disciplinary matters shall be governed by group rules, affiliate-specific personnel or disciplinary regulations.
    • Employees shall notify the Audit Office of any actions that contravene this Code of Ethics, consult the Audit Office for clarification on ambiguous aspects of the Code of Ethics and the Guidelines for Ethical Practices, and adhere to the Audit Office's resolution and judgment in instances lacking specification or when interpretation conflicts arise.
    • The Audit Office shall implement all necessary measures to safeguard individuals involved in any complaints, reports, whistleblowing, or accusations brought forth by employees.