Kumho Petrochemical Strengthens Ethical Management... Establishes Independent Reporting System
[Asia Economy Reporter Park Soyeon] Kumho Petrochemical Group announced on the 14th that it has established and started operating 'Online Friends,' an independent reporting system that can be used by both internal and external stakeholders.
Online Friends categorizes reports into nine types, including bribery, information leakage, and unfair trade. The system continuously shares the status of report processing with reporters, provides guidance on confidentiality and reporter responsibility mitigation, and intuitively establishes procedures related to reporting.
Kumho Petrochemical Group explained that although it had previously operated a 'Cyber Reporting Room' within its ethics management site, it has now unified the reporting system by separating it into an independent system to enhance transparency.
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Earlier, Park Chan-gu, Chairman of Kumho Petrochemical Group, emphasized ethics management as the company's top priority and stressed principle-based management in his New Year's address this year, stating, "Fraud and corruption arise from compromising with reality and succumbing to temptation."
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