Lotte Construction Holds 'Emergency Management Code of Conduct and Ethical Management Pledge Ceremony'
[Asia Economy Reporter Donghyun Choi] Lotte Construction announced on the 27th that it held an emergency management system code of conduct and ethics management practice oath ceremony at its headquarters in Jamwon-dong, Seocho-gu, Seoul.
In response to the recent deepening uncertainty in the domestic and international economy due to the impact of the novel coronavirus infection (COVID-19), Lotte Construction decided to enter an emergency management system following the declaration of an emergency management system by Lotte Holdings. The company plans to continuously analyze and monitor issues at existing business sites and thoroughly analyze the appropriateness of investments in new business sites to minimize risks. Budget management will also be strengthened. It will also prepare for potential foreign exchange and liquidity crises in the future.
On this day, Lotte Construction held not only the emergency management system ceremony but also the ethics management practice oath ceremony. This is to establish a foundation for sustainable growth through fair business practices, as global demands for ethical corporate management are increasing through anti-corruption conventions and international standards.
The main compliance items of the emergency management code of conduct include thorough cost and expense reduction, improving overall productivity, practicing ethics management, mutual growth management, and making safety awareness a daily habit.
CEO Ha Seok-ju of Lotte Construction and employees read aloud the emergency management system code of conduct and ethics management practice guidelines and pledged to implement them during the event.
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CEO Ha said, "Amid the difficult times worldwide due to the COVID-19 virus, if we fulfill our social responsibilities and faithfully adhere to the basics and principles, we will be able to overcome the crisis."
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