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Home Sustainability Focus Areas Business Ethics Overview

Business Ethics

The aim of Hankook Tire is to establish company-wide ethical awareness for a transparent and healthy corporate culture where all stakeholders and employees can come together as a single entity.

The aim of Hankook Tire is to establish company-wide ethical awareness for a transparent and healthy corporate culture where all stakeholders and employees can come together as a single entity.
BE

Context

Business ethics, built on the basis of transparency, serves as the bedrock for establishing relationships with diverse stakeholders. In particular, increasing social interest in corporate responsibility requires higher standards for business ethics and transparency.

Risk & Opportunity

Rapidly-changing business environments bring about a host of global ethical risks. Therefore, continuous commitment to ethics management and a sound organizational culture will be the impetus to the enhancement of stakeholder trust and global competitiveness.

Future Plans and Outlook

We will develop the ethics management system where business ethics are come into action in line with the PDCA (Plan, Do, Check and Act) cycle. Other plans include making ethics trainings compulsory, expanding ethics trainings to overseas subsidiaries, and launching the Help Desk to activate internal communication. These efforts will consolidate our employees’ commitment to business ethics.

 

Progress of Health and safety

  • Our Approach

    Hankook Tire’s declaration of management responsibility and governance for the clean business ethics

    Declaration

    Hankook Tire’s ethics management aims to assist employees in developing and practicing ethics awareness to gain greater credibility with stakeholders. To this end, we make a concerted effort to build a transparent and sound corporate culture on the basis of our mission and vision frame.

    Management Responsibility and Governance

    Ethics Management Committee
    • • Chaired by: Audit Department Director
    • • Supervised by: Audit Team
    • • Members: Global Marketing Planning Team, Corporate Management Team 1, Purchasing Planning Team, R&D Planning Team, Global Quality Assurance Team
  • 2015 Achievements

    2015 major achievements and accomplishments

    2015 Achievements

    ● Completed ◐ Partially Completed ○ not Completed
    2015 Achievements
    Code Key Managerial Issues Goals Achievements Completion
    BE1 Training and communication on ethics management Build a whistleblower protection system
    • ‌‌Set up policies for protection of whistleblowers and compensations
    Offer regular ethics management training
    • Offered online ethics management training to office staff (including expatriates)
    Disseminate ethics management training to overseas subsidiaries
    • ‌‌Implemented ethics management training in China (Trainings for other overseas headquarters are planned in 2016.)
    Update the Ethics Guidebook
    • Plan to update after enacting ethics management rules in 2016
    Send the E-ethics Letter (monthly)
    • Sent the E-ethics Letter (six times)
    Launch the ‘No Holiday Gift’ campaign
    • Conducted the ‘No Holiday Gift’ campaign on the New Year and Korean Thanksgiving holidays
    BE2 Regular monitoring and evaluation Operate the RMS in Korea and China
    • Operated the RMS in Korea and China
    Perform self-diagnosis on ethics management
    • Performed self-diagnosis on ethics management
    BE3 Dissemination of ethics management to affiliates Launch the ‘No Holiday Gift’ campaign
    • ‌‌Conducted the ‘No Holiday Gift’ campaign on the New Year and Korean Thanksgiving holidays
    Offer ethics management programs for affiliates
    • Offered online ethics management training to office staff and operators
    Perform self-diagnosis on ethics management for affiliates
    • Not implemented self-diagnosis on ethics management (biennial plan)
  • 2016 Plans

    2016 plans and relevant office

    2016 Plans

    2016 Plans
    Code Key Managerial Issues Commitments Key Index Deadline Team in Charge
    BE1 Training and communication on ethics management Set up ethics management framework Ethics management regulations Jun. Audit Team
    Update the Ethics Guidebook Guidebook Aug. Audit Team
    Offer regular ethics management training No. of trainees and training hours Apr. Audit Team,
    Proactive University,
    DP) KP) Human Resource Team,
    R&D HR Team
    Disseminate ethics management training to overseas headquarters Training contents Aug. Audit Team
    Launch the Help Desk for business ethics Help Desk Feb. Audit Team
    Send the E-ethics Letter Details of letter delivery Year-round Audit Team
    Launch the ‘No Holiday Gift’ campaign Notice Feb., Sep. Audit Team
    BE2 Regular monitoring and evaluation Operate the RMS in Korea and China Report Monthly Audit Team, CHN) Corporate Management Team
    Perform self-diagnosis on ethics management Diagnosis result report Oct. Audit Team
    BE3 Dissemination of ethics management to affiliates Launch the ‘No Holiday Gift’ campaign Notice Feb., Sep. Audit Team, Ethics Management Team at each affiliate
    Offer ethics management training to affiliates No. of trainees and training hours Oct. Audit Team, Ethics Management Team at each affiliate
    Perform self-diagnosis on ethics management for affiliates Diagnosis result report Oct. Audit Team, Ethics Management Team at each affiliate

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