Ildong Pharmaceutical Renews Anti-Corruption Management System 'ISO37001' Certification

Ildong Pharmaceutical Headquarters Exterior (Photo by Ildong Pharmaceutical)

[Asia Economy Reporter Jihee Kim] Ildong Pharmaceutical announced on the 15th that it has renewed its certification for the international anti-corruption management system standard 'ISO37001,' administered by the Korea Productivity Center Certification Institute (KPC).

ISO37001 requires an initial certification followed by annual surveillance audits and renewal audits every three years to review anti-corruption management activities, their effectiveness, and compliance.

Since first obtaining ISO37001 certification in 2018, Ildong Pharmaceutical has maintained its status as a certified company through surveillance audits conducted once each in 2019 and 2020.

Ildong Pharmaceutical stated, "For this ISO37001 certification renewal, the headquarters as well as research centers, factories, and business sites nationwide underwent audits by the supervising organization KPC. In particular, major activities and effectiveness related to anti-corruption management, system establishment and operation status, and improvement and reinforcement efforts were thoroughly inspected and evaluated across all business divisions and departments, including sales and marketing."

Currently, based on the strong commitment of top management including the CEO, Ildong Pharmaceutical is establishing and operating the Anti-Corruption Management System (ISO37001) and the Compliance Program (CP) for fair trade. Additionally, since 2017, it has participated in the anti-corruption pledge of the 'Fair Player Club,' organized by the UN Global Compact (UNGC) Korea Network, a corporate citizenship initiative.

An Ildong Pharmaceutical official said, "As a result of continuous efforts for ethical and compliance management, we achieved an A grade in the ESG (Environmental, Social, Governance) evaluation by the Korea Corporate Governance Service last year. We plan to prioritize social responsibility as a core corporate value and devote company-wide capabilities to this effort."

This content was produced with the assistance of AI translation services.