Kyobo Life Insurance Employees Pledge 'Commitment to Job Ethics Practice' for the New Year

Financial Company Employees Require High Ethical Obligations
Commitment to Voluntary Practice of Job Ethics

Yoon Yeol-hyun, President of Kyobo Life Insurance (right), made a pledge to lead by example in ethical management by signing the Commitment to Practice Job Ethics for the New Year. President Yoon Yeol-hyun and Lee Jae-myung, Compliance Officer of Kyobo Life Insurance, are holding a panel that reads "Kyobo Employees' Commitment to Practice Job Ethics" and posing for a commemorative photo.

[Asia Economy Reporter Ki Ha-young] Kyobo Life Insurance announced on the 9th that its executives and employees participated in the pledge to practice job ethics to mark the start of the new business year.

The pledge to practice job ethics means adhering to the code of job ethics in the workplace and fulfilling the responsibility for assigned performance. Executives and employees are participating in the pledge through the company intranet.

Yoon Yeol-hyun, CEO of Kyobo Life Insurance, personally took the pledge to practice job ethics and promised to take the lead in ethical management. Kyobo Life Insurance believes that financial company executives and employees have high legal and ethical obligations, which is why the CEO leads the practice of job ethics.

Since 2004, Kyobo Life Insurance has established and implemented the "Kyobo Employees' Code of Job Ethics" to fulfill corporate social responsibility (CSR) through ethical management and to achieve mutual growth with all stakeholders.

The Code of Job Ethics includes compliance with social laws and company regulations, job ethics toward stakeholders such as customers, consultants, executives and employees, investors, government, and local communities, as well as ethical guidelines for insurance sales. Monthly compliance and ethics education is conducted by organizational units to help all executives and employees share job ethics issues and practice job ethics well.

A Kyobo Life Insurance official said, "It is a meaningful way for executives and employees to reflect on their fundamental job responsibilities and calmly welcome the new year," adding, "We will strive to create legitimate profits and performance through a higher level of ethical management and to develop together with all stakeholders."

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