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Sustainability Ethics/Compliance

Ethics/Compliance

Hanwha Engine deeply recognizes that only companies that operate based on integrity and trust can achieve sustainable growth and earn respect from society in a rapidly changing and uncertain business environment. Accordingly, the company aims to embrace 'compliance management', which goes beyond mere legal compliance to include ethics and responsibility, as its core value.

CEO Compliance Message

Compliance management goes beyond meeting the minimum requirements set by regulations to include choosing and practicing ethically right actions. To grow as a more trusted company, Hanwha Engine hereby declares its commitment to practicing the following compliance management principles.

  • First, We will strictly comply with all mandatory laws and company regulations, and will not tolerate any illegal or improper conduct.
  • Second, We will prioritize right actions based on ethical judgment and create a trusted organizational culture that goes beyond legal compliance.
  • Third, We will faithfully implement the standards and procedures of the Fair Trade Compliance Program (CP) and practice fair and transparent transactions.
  • Fourth, We will strengthen preventive systems against compliance risks and immediately report and address any violations without concealment.
  • Fifth, From management to staff, we will lead by example to establish a culture of self-compliance and ultimately build a high-level compliance system.

Through today's declaration, Hanwha Engine promises to further strengthen compliance management and actively practice it to create a sustainable future together with customers, shareholders, and all stakeholders.

Code of Ethics Key Contents

Download Full Code of Ethics

As a responsible corporate citizen, Hanwha Engine has established and operates a Code of Ethics that serves as the standard for all employees' actions and value judgments, aiming to create a healthy organizational culture with human rights as the top priority and to perform duties fairly and transparently, leading the way in ethical compliance and integrity management.

  • The company reports shareholders' rights and respects their legitimate demands and proposals.
  • The company treats all shareholders, including minority shareholders, fairly and equally.
  • The company records and manages accounting data in accordance with generally accepted accounting principles and transparently provides financial status and business performance.
  • The company always thinks and acts from the customer's perspective and strives to provide the best products and services that customers can be satisfied with and trust.
  • The company protects customers' interests, safety, and personal information and does not engage in unfair practices toward customers.
  • The company respects fair and free market economic order based on the principle of free competition and competes fairly with competitors.
  • The company pursues mutual development by building trust and cooperative relationships through fair transactions with partners.
  • The company does not discriminate unfairly against employees and provides fair opportunities based on ability and qualifications.
  • The company strives to create a healthy and safe work environment for employees.
  • As a member of the nation and local community, the company not only complies with various laws but also adheres to internationally recognized regulations.
  • The company contributes to national economic and social development through productivity improvement, job creation, faithful tax payment, and social contribution.
  • The company strives to protect nature and preserve a clean environment.
  • Employees share the company's management philosophy and faithfully carry out their assigned missions according to company policy while empathizing with the goals and values the company pursues.
  • Employees strive to prevent any actions or relationships that conflict with the company's interests, and when conflicts arise between the company and individuals or departments, they prioritize the company's interests.
  • Employees do not trade stocks using inside information obtained through their work.
  • Employees must protect the company's physical assets, intellectual property rights, and trade secrets, and must not use them for personal purposes.
  • Employees do not engage in any language or behavior that may cause sexual humiliation or harm healthy colleague relationships.
  • Employees do not engage in political activities during working hours inside the company and do not use the company's organization, personnel, or assets for political purposes.
  • Employees do not accept money, gifts, or entertainment from business partners or other stakeholders.
  • All employees must faithfully comply with the Code of Ethics and are responsible for any violations.

Fair Trade Compliance Program (CP)

CP (Compliance Program) refers to the comprehensive internal compliance system, including education and supervision, that companies voluntarily establish and operate to establish competitive order and comply with fair trade-related laws in their economic activities.

Fair Trade Goals
2026 Goals
  1. Zero violations of competition laws including Fair Trade Act and Subcontracting Act
  2. Effective CP system operation
  3. Ethics code compliance pledge submission rate of 95% or higher
  4. Prevention of compliance risks through active employee ethics training and customized compliance education
Management Scope
Our company,

constantly manages all employees to comply with various fair trade and mandatory regulations including the Fair Trade Act, Subcontracting Act, Win-Win Cooperation Act, Agency Act, Unfair Competition Prevention Act, and Anti-Graft Act when performing their duties.

Compliance Manager
  • Legal Affairs Director Kwon Ui-jae (December 2025, appointed by Board)
  • Overall CP operation management
  • Legal risk management related to competition law (Subcontracting Act, Fair Trade Act, etc.)
  • Reporting CP (fair trade) matters to CEO and Board
CP Operating Department
  • CP system operation (assisting Compliance Manager)
  • Operation of education, monitoring, sanctions, incentives, etc.
  • Risk management for fair trade, subcontracting, and mandatory regulations
CP Key Activities
  • CEO's declaration of commitment to fair trade compliance
  • Appointment of Fair Trade Compliance Manager (Board)
  • Overall management of competition law and mandatory regulation risk prevention
  • Production and distribution of Fair Trade Compliance Manual (revised annually)
  • Company-wide ethics code and compliance training (fair trade and others)
  • Employee ethics code compliance pledge submission
  • Operation of proactive compliance risk management system including legal consultation, contract review, and inter-affiliate transactions
  • Operation of fair trade-related company regulations including CP operating regulations
  • Reporting compliance support status and CP performance to CEO and Board
Related Documents
CP Operating Regulations Compliance Manual CP Performance (Summary) CEO Fair Trade Message

Compliance Organization Structure

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