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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.
 

Key Achievements

 
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Background

As enterprises are becoming increasingly influential within both countries and local communities, public awareness of ethical corporate management is being heightened. In addition, our policies previously characterized by control and bureaucratic oversight have shifted to emphasize the delegation of decision-making to individual employees, meaning employee awareness of ethics is more important than ever. If our employees make continuous efforts at raising awareness and keeping vigilant, and if the company conducts activities to promote ethics management, it will lead to growth for the company. On the other hand, if corruption and irregularities are allowed to take place, it may result in a decline.

Our direction

We are monitoring potential ethical risks through a variety of programs. An online ethics education system is in place for awareness-raising, and reporting channels, including a cyber-audit room and the Sinmungo e-petition system, are being operated. In addition, diagnoses are being conducted to identify and share directions for improvement. In 2018, our E-Ethics Letter was published and delivered to employees on a monthly basis and the scope of employees subject to making an ethics management pledge was expanded from office and technical workers to the production field. All of our activities to promote ethics management, including education, diagnoses, and reporting, are being shared with our subsidiaries as well. Going forward, we will engage all of our stakeholders in these efforts through continuous communication.

Responsible Organization

Ethics Management Committee
• Chaired by: Head of the Audit Department
• Supervised by: Audit Team 2
• Cooperation members: Purchasing Planning Team, Human Resource Management Team, Human Resource Development Team, Corporate Strategy Team, Legal Team, R&D Human Resource Team, Production HR Team

Future plan and mid-/long-term targets

In our evolving corporate environment where decisions are being entrusted to individual employees, it is essential to provide them with guidance on ethics management. To this end, we will continue to sponsor annual education for all employees, publish our E-Ethics Letter, and strengthen the function of the helpdesk for promoting internal communication. Moreover, we will create a risk-evaluation checklist and formulate procedures appropriate for each risk level to ensure effective prevention and management.


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