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Sustainability Ethics/Compliance

Ethics/Compliance

Hanwha Engine recognizes that only companies that operate with integrity and earn trust can achieve sustainable growth and gain respect from society. Accordingly, the company adopts compliance management as a core value, going beyond legal requirements to incorporate ethics and responsibility.

CEO Compliance Message

I would like to express my deepest gratitude to all executives and employees for doing your utmost in your respective roles, even amidst fierce market competition and an uncertain business environment.

While a corporation must continuously innovate to generate profit and sustain growth, it is more critical than ever that such growth is anchored on a solid foundation of legal compliance and ethical judgment to be truly sustainable.

At Hanwha Engine, we embrace "Compliance Management" - a philosophy that integrates stringent ethical standards with the fundamental principle of legal conformity - as a core value of our business operations. This represents far more than a passive reaction to regulatory mandates. Rather, it is a strategic imperative to safeguard the legitimate fruits of our fair competition, secure external confidence, and ultimately leverage these invaluable assets into sustainable business opportunities.

I earnestly call upon all executives and employees to actively engage in and champion our compliance management initiatives. By establishing honesty and transparency as Hanwha Engine's ultimate competitive advantages, we will steadfastly advance as an enterprise that commands the deepest trust from both our customers and the market.

Key Contents of the Code of Ethics

As a responsible corporate citizen, Hanwha Engine prioritizes human rights and fosters a healthy organizational culture. The company has established and operates a Code of Ethics that serves as the standard for employees’ behavior and decision-making, supporting ethical and compliant management.

  • The company protects shareholders’ rights and respects their legitimate requests and recommendations.
  • The company treats all shareholders, including minority shareholders, fairly and equitably.
  • The company records and manages accounting data in accordance with generally accepted accounting principles (GAAP) to ensure transparency in financial status and business performance.
  • The company always acts from the customer’s perspective and strives to achieve customer satisfaction by providing high-quality products and services customers can trust.
  • The company protects customers’ interests, safety, and personal information and refrains from engaging in unfair practices.
  • The company respects the principles of free competition and a fair market economy and competes fairly with its competitors.
  • The company pursues mutual growth by building trust and cooperative relationships with partner companies through fair transactions.
  • The company provides equal opportunities based on individuals’ abilities and qualifications and does not engage in unfair discrimination.
  • The company is committed to ensuring employees’ health and maintaining a safe working environment.
  • As a responsible member of the nation and society, the company complies with all applicable laws and internationally recognized standards.
  • The company contributes to economic and social development through productivity improvement, job creation, responsible tax practices, and social contribution activities.
  • The company is committed to protecting the environment and preserving natural resources.
  • Employees are expected to uphold the company’s management philosophy and faithfully carry out their responsibilities in accordance with company policies.
  • Employees must avoid any actions or relationships that may create a conflict of interest with the company. In the event of a conflict between the company and an individual or department, employees must prioritize the company’s interests in their decisions and actions.
  • Employees must not trade stocks using insider information obtained through their duties.
  • Employees must protect company assets, intellectual property, and trade secrets and must not use them for personal gain.
  • Employees must not engage in any verbal, physical, or visual conduct that may cause sexual harassment or undermine a respectful workplace environment.
  • Employees must not engage in political activities during working hours or use company resources for political purposes.
  • Employees must not accept money, gifts, or entertainment from business partners or stakeholders.
  • All employees must comply with the Code of Ethics and are responsible for any violations.

Fair Trade Compliance Program (CP)

The Compliance Program (CP) is a comprehensive internal system—encompassing training, monitoring, and oversight—designed to ensure fair competition and voluntary compliance with fair trade laws in all business activities.

Fair Trade Goals
2026 Target
  1. Zero violations of competition laws
  2. Operation of an effective CP system
  3. Over 95% employee compliance pledge submission rate
  4. Active implementation of ethics and tailored compliance training to prevent risks
Scope of Management
Our company

continuously ensures that all employees comply with fair trade–related and other key laws—including the Fair Trade Act, Subcontracting Act, Mutual Growth Cooperation Act, Agency Act, Unfair Competition Prevention Act, and Improper Solicitation and Graft Act—when performing their duties.

Compliance Officer
  • Overall supervision of company-wide CP operations
  • Management of legal risks related to competition laws (e.g., Subcontracting Act, Fair Trade Act)
  • Reporting key CP (fair trade) matters to the CEO and the Board of Directors
CP Operating Department
  • Operation of the CP system (supporting the Compliance Officer’s responsibilities)
  • Implementation of training, monitoring, sanctions, and incentives
  • Risk management related to competition laws (e.g., fair trade, subcontracting laws) and other key regulations
Key CP Activities
  • Statement of the CEO’s commitment to voluntary fair trade compliance
  • Appointment of a Compliance Officer (by the Board of Directors)
  • Oversight of risk prevention related to competition laws and key regulations
  • Development and distribution of the Fair Trade Compliance Manual (updated annually)
  • Implementation of company-wide ethics and compliance training (including fair trade and more)
  • Collection of employee compliance pledge forms
  • Operation of a proactive compliance risk management system (legal advisory, contract review, inter-affiliate transactions, etc.)
  • Implementation of internal regulations related to fair trade, including CP policies
  • Reporting of compliance support activities and CP performance to the CEO and the Board
Disclosure of Related Documents
CP Operating Regulations Fair Trade Comliance Manual

Compliance Organizational Structure

컴플라이언스 조직체계 - 최고경영자(대표이사), 자율준수관리자(법무담당), CP운영부서(법무팀), 준법협의체(별도 지정부서) 및 하위 부서