Wonik Materials

CEO Letter | Guideline | Ethical Management | Fair Trade

Guideline

Anti-Corruption

Employment and Labor

Mutual Cooperation

Fair Trade

Safety, Environment,
and Quality

Information
Protection

Guideline of Anti-Corruption

All executives and employees shall perform their duties transparently and cleanly and comply with the company's anti-corruption policy.

Observance of laws and regulations

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All executives and employees must observe the anti-corruption laws of all countries where they do business when performing their duties.

All applicable anti-corruption laws, including the Korean 「Act on the Prohibition of Improper Solicitation and Acceptance of Money, etc.」 and the 「Act on Prevention of Bribery of Foreign Public Officials in International Business Transactions」 All executives and employees must comply with the company's anti-corruption regulations, such as the 「ESG Code of Conduct」 and 「Code of Ethics」, and must submit a 「Law-abiding covenant」.

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Even if the act is socially acceptable or in accordance with business practices, the executive or employee will not be exempted if he or she violates related laws and regulations.

Prohibition of Corruption

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All executives and employees shall not bribe or make illegal requests in performing their duties.

Regardless of the value of the money or goods, all the executives and employees shall not provide any kind of goods, or entertainment to government officials home or overseas, etc.

All executives and employees should not engage in any acts that seek illicit business profits or that raise doubts about the fairness of transactions.

All executives and employees should not use any illegal methods such as express charge while performing business activities or duties.

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All executives and employees should not receive or demand any money or goods, entertainment, etc. from the internal or external parties with whom they have a business interest, and shall perform their duties with integrity according to conscience.

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All executives and employees should remain neutral without intervening in politics, and shall not engage in any case and cooperate in transactions illegal or suspected of violating the law.

All executives and employees should respect their individual's political opinions , but they should not engage in political activities within the company.

All executives and employees should not provide illegal political funds or donations.

All executives and employees should not engage in or assist in illegal execution of fund such as money laundering.

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All of executives and employees should comply with the compliance guidelines even when transacting through an agent.

Maintaining management transparency

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Legal large-scale internal transactions in the company are conducted after prior review by the board of directors or a committee within the board of directors in accordance with the company regulations.

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This company complies with laws related to accounting and disclosure and conducts effective internal control activities.

This company accurately prepares and manages accounting records based on facts in accordance with internationally accepted accounting standards and related laws, and undergoes regular audits.

This company discloses management information, etc. in a timely manner in accordance with related laws.

This company operates an internal control system by its internal control organization and internal control accounting management standards in accordance with the accounting laws of each country.

Responsibility for violation of laws or regulations

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Individual officers and employees who violate anti-corruption laws may be subject to fines, imprisonment, or criminal punishment, and may be subject to civil liability.

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The company may take appropriate disciplinary action if the officers and employees violate anti-corruption laws and company regulations, but they fail to take reasonable measures to prevent violations even after finding them.

Guide lines for Employment and Labor

All executives and employees shall form a sound organizational culture, respecting human rights.

Respect for human rights

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All executives and employees comply with the Constitution and domestic and international labor-related laws and regulations.

We respect the three(3) labor rights guaranteed by the Constitution.

We comply with all laws and standards related to working conditions such as working hours, wages, and social security.

We do not engage in illegal employment activity that circumvent legal regulations, such as illegal dispatch or disguised subcontracting.

We strictly comply with local regulations such as visas and work permits when working overseas or hiring locally.

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We recognize the dignity of all executives and employees and respects their human rights.

We strictly prohibit anti-human rights activities such as forced labor and child labor.

We do not provide benefits to or discriminate against specific individuals in relation to work performance based on school ties, regional ties, blood ties, gender, nationality, or disability.

We give the fair opportunities and evaluate and treat individuals based on their performance and capabilities.

Formation of a sound organizational culture

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All executives and employees working for this company treat each other with trust and respect.

We do not engage in any behavior that causes sexual shame.

We do not engage in unethical behavior such as bullying or ostracizing in the workplace, and actively works to prevent such behavior.

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Our company pursue smooth communication and cooperation among employees and between the company and employees.

We encourage autonomy and creativity.

We foster a culture of collaboration through continuous information sharing and dialogue.

Gideline of Mutual Cooperation

Our company pursues mutual development by cooperating mutually with our partners.

Implementation of Partnership

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Our company strives for joint development, recognizing our partners as strategic ones pursuing the common value of customer satisfaction.

We provide legal support under the permitted domestic and international regulations so that our partners can enhance their competitiveness.

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Our company select our partners fairly without any discrimination.

We have reasonable selection criteria considering domestic and international regulations and business objectives to select the most suitable partners through fair screening.

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Our company support our partners for the sustainability and ESG management goals.

We provide relevant education and information so that our partners can practice ethical management.

Creating a fair trading order

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Our company considers fairness as top priority in transactions, not abusing our trading position.

We do not interfere with the business activities of partner companies by taking advantage of our superior trading position, not forcing them to provide economic benefits.

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Our company does not unfairly refuse to trade or discriminate against specific partner companies.

We do not suspend trade or restrict trade content with specific partners without special circumstances.

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Our company faithfully implements the domestic and foreign regulations and the contents of the contract.

We comply with the terms and payment dates mutually agreed upon when concluding a contract.

We do not unilaterally determine the payment or unfairly reduce it.

We do not delay payment to our partner companies.

Conflict Resolution & Opinion Gathering Procedures

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Our company establishes the procedures for transparent and fair conflict resolution and opinion gathering to maintain trust with our partner companies.

We operate an official communication channel through which partner companies can raise issues.

We handle fairly issues received through communication channel in accordance with regulations.

Guidelines of Fair Trade

All executives and employees comply with fair trade laws and respect market competition order.

Prohibition of anti-competitive acts

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All executivies and employees does not participate in anti-competitive agreements such as collusion.

We do not attend meetings where transaction terms are discussed or negotiated.

We avoid contacting with competitors who may be suspected of collusion.

We, If it is necessary to contact a competitor suspected of anti-competitive acts, must notify the compliance team of it in advance before attending, and if contact is made accidentally, it must be reported immediately afterwards.

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All exeutives and employees do not offer or promise to provide unfair benefits to their business partners.

We don't unfairly support funds, assets, products/services, or personnel for affiliates and other companies, or add unnecessary transaction steps.

We review the contracts and confirm the appropriateness of the transaction by our compliance team when conducting internal transactions.

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Our company observes relevant laws and regulations to create a fair subcontracting transaction order.

We do not set contract terms that unfairly infringe upon or restrict the interests of the subcontractor.

We do not arbitrarily cancel or change contracts with subcontractors without justifiable cause.

We do not unfairly demand economic benefits from subcontractors.

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Our company does not make any indications or advertisements that may deceive or mislead consumers.

We provide accurate and transparent information based on objective ground and do not distort facts.

Capital Market Fair Trade

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Our company does not make property transactions or investments such as stocks, securities, and real estate using undisclosed internal information learned through our duties.

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Our company does not provide undisclosed inside information to others to help them trade or invest in property.

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Our company does not use undisclosed inside information to gain personal gain or damage the company's credit and reputation.

Compliance with domestic and international trade control regulations

Our company complies with laws and policies the relevant international trade, such as export controls and economic sanctions.

Our company complies with international trade norms and foreign trade laws and regulations related to strategic materials.

Our company cooperates with the government's strategic material export and import control policies.

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Our company complies with various international trade-related measures, such as economic sanctions applied by the state, local and international community.

Guide of Safety, Environment, and Quality

All executives and employees value safety and the environment and aim for the best quality.

Ensuring Safety

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Our company comply with relevant laws and company regulations and actively participate in various government and company policies in order to prevent safety accidents or disasters.

We engage in all work, recognizing that safety is absolute value to be cannot be compromised under any circumstances.

We proactively recognize risk factors threatening safety, and actively implement preventive activities to eliminate them.

We perform our work according to established orders, procedures, and methods aftier fully understanding the standards established by the company, such as safety-related regulations and work manuals.

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Our company does not conceal or distort the facts in the event of a safety accident or disaster, but accurately and promptly report them to the relevant departments and actively cooperate in the investigation of the facts to determine the cause, thereby establishing fundamental measures to prevent recurrence.

Environmental Conservation

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Our company complies with domestic, international and company regulations for environmental conservation.

We handle hazardous chemicals, etc. in accordance with environmental management standards and minimize their use.

We actively participate in measures to efficiently use resources, such as recycling.

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Our company makes continuous effort to develop eco-friendly processes and technologies to minimize harmful impacts on the environment at all stages of business activities.

Pursuit of Top quality

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Our company sustains strict quality standards and optimal quality management system.

We make continuous improvement of all of processes.

We pursue the top best and highest level of quality.

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Our company listens to customer opinions for quality improvement.

We accept customer demands and suggestions as much as possible and reflect them as a priority in quality improvement activities.

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Our company resolves customer complaints quickly and transparently based on respect for customers.

Gudeline of Information Protection

Our company protects personal information without infringing on information assets and intellectual property rights.

Information asset protection

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Our company recognizes that the company's confidential information and intellectual property are important assets and carefully manages and protects them.

We do not use confidential information acquired during the course of our work for the purposes other than work.

We do not provide or leak confidential information acquired during the course of our work to a third party without the company's prior approval, and when it is inevitably disclosed to the outside due to work-related needs, we comply with the methods and procedures set forth in the company's regulations. We keep the Information created through work-related activities such as inventions and manage it as the company's intellectual property.

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Our company grants access to confidential information within the company to the minimum extent necessary for work-related needs, and unauthorized employees can not read or use confidential information.

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Our company exercises the same care with respect to confidential information and intellectual property such as trade secrets of others.

We do not acquire confidential information such as trade secrets of others through illegal means without mutual agreement.

We do not use, copy, distribute, or modify intellectual property of others without permission.

Protection of Intellectual Property Rights

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We manage and use appropriately all tangible and intangible intellectual property rights in accordance with company regulations., including patents, copyrights, and trademarks, owned by the company.

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We do not infringe on the intellectual property rights of other companies.

Protection of Personal information

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Our company clearly defines the purpose of processing personal information and legally and fairly collect only the minimum amount of personal information necessary for that purpose.

We collect personal information only to the extent necessary for the purpose, and appropriately process it in accordance with the methods and procedures stipulated by domestic and international laws.

We do not use collected personal information for purposes other than the purpose of processing without the consent of the information subject.

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Our company destroys the personal information without delay if the purpose of processing personal information has been achieved or the retention period notified upon initial consent has expired.

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Our company discloses the matters related to the processing of personal information, such as the personal information processing policy, and guarantees the rights of the information subject, such as the right to request access.