Ethics management is not only complying with the legal responsibility but also reflecting the ethical expectation
of society to the decision making and activity of the enterprise.
Kumho Tire understands the social responsibility of the enterprise and has a principle to comply actively with the expectations.
Kumho Tire has declared the following ethics principle to create an enterprise of world class that creates value, enterprise that is together with the employees, and the enterprise that is loved by the neighbors, and to establish recommended actions and value judgment criteria for the executives.
Kumho Tire operates an internal diagnosis system along with the internal accounting management system and compliance officer system based on relevant laws as part of its internal control system. We have introduced an internal diagnosis system to check risk items that may occur during the approval stage and everyday work of each department to enhance the independent risk management capabilities of all employees. Kumho Tire is conducting self-audit on compliance as well as preventing risks in advance. A compliance officer (team leader level) voluntarily inspects unfair trade practices and violations of related laws in 14 fields and approximately 700 items of all domestic and overseas sectors twice a year, carrying out corruption risk prevention through sharing cases of fair trade-related violations, requesting compliance, and posting amendments to the law. The compliance officer continuously checks whether non-compliance items have been corrected based on the results of self-audit, reporting the results to the regular board of directors every year.
|Field||Relevant Laws||Field||Relevant Laws|
|Asset||Fair Trade Act, Foreign Exchange Transaction Act, Capital Market and Financial Investment Business Act||Purchase||Subcontract Fair Trade Act, Fair Trade Act|
|Information||Personal Information Protection Act, Information and Communications Network Act, Unfair Competition Prevention and Trade Secret Act||Environment||Sewerage Act, Air Conservation Act, Waste Management Act, Hazardous Chemicals Management, Green Growth Framework Act|
|Intellectual Property Rights||Copyright Act, Design Protection Act, Patent Act, Utility Model Act||Industrial Safety||Occupational Safety and Health Act, Firefighting Framework Act, Industrial Accident Compensation Insurance Act, Dangerous Substances Safety Management Act|
|Marketing||Trademark Act, Act on Fair Labeling and Advertisement||Customer Service||Consumer Basic Act, Consumer Damage Regulations, Product Liability Act|
|Labor||Labor Standards Act, Labor Union and Labor Relations Adjustment Act, Worker Participation and Cooperation Promotion Act||Export||International Convention, Foreign Trade Law, FTA, Customs Law|
Kumho Tire is taking appropriate measures and efforts to protect the whistleblower and informants from any revenge or penalty, managing the identity of informants completely anonymous.