Korea National Oil Corporation Obtains Business Continuity Management System (ISO 22301) Certification

Ensuring Energy Supply Stability by Fully Preparing Protective Measures for Emergencies Such as Disasters and Calamities

Korea National Oil Corporation's oil storage facility.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] Korea National Oil Corporation (President Yang Soo-young) has obtained the international standard (ISO 22301) certification for its Business Continuity Management System.

The Business Continuity Management System (ISO 22301) is an operational framework that restores core business functions in the shortest possible time in the event of risks such as disasters, accidents, or disruptions, thereby maintaining business continuity.

The Oil Corporation has been verified to perform oil (crude oil, products) stockpiling and supply without disruption at its headquarters and nine storage bases through rapid recovery even in crisis situations such as disasters.

This has further enhanced its ability to respond to oil supply crises.

To obtain certification for oil stockpiling and supply, the Oil Corporation established a functional continuity plan targeting nine storage bases and eight related departments at headquarters starting from December 2018.

They have prepared for certification acquisition by inspecting all risks that could occur in aboveground tanks and underground caverns in the event of a disaster.

A representative of the Oil Corporation stated, “Through continuous revision, supplementation, and education of the ISO 22301 procedures, we will ensure that the Business Continuity Management System becomes more deeply embedded within the organization.”

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