Sandan Gong, Proclaims 'New Ethical Management' for ESG Management Implementation

Determined to Become a Leading Integrity Institution through Establishing and Implementing New Ethical Management Strategies

Kim Jeong-hwan, President of the Korea Industrial Complex Corporation (center), and executives held a ceremony to announce the new ethical management promotion strategy for advancing as an excellent integrity institution and took a commemorative photo at the 2nd Management Strategy Meeting held at the Daegu headquarters on the 2nd.

[Asia Economy Reporter Kim Cheol-hyun] Korea Industrial Complex Corporation (Chairman Kim Jeong-hwan) announced on the afternoon of the 2nd that it held the 2nd management strategy meeting at its headquarters in Daegu and declared a new ethical management for the full implementation of ESG (Environment, Social, Governance) management. This declaration ceremony was held to express the corporation's commitment to integrity both internally and externally, including the announcement of the new ethical management promotion strategy to become an excellent institution in ethical and compliance management.

On the same day, Korea Industrial Complex Corporation announced four major strategies of new ethical management under the vision of "KICOX, a leading institution trusted by the public through transparent ethical management": ▲ Establishing a sustainable ethical management foundation ▲ Enhancing transparency in institutional management ▲ Improving the effectiveness of internal control systems ▲ Realizing the protection of stakeholders' human rights. In addition, 22 implementation tasks were derived to achieve the strategic goals, and the corporation pledged to leap forward as a top-tier public institution of integrity through company-wide execution.

To spread consensus on internal ethical management, a joint declaration on workplace harassment between labor and management was also adopted and announced. The declaration includes selecting six major promotion tasks to eradicate workplace harassment and a commitment to jointly implement them by labor and management.

Chairman Kim Jeong-hwan said, "We will establish an ethical management system and take the lead in sustainable ESG management to meet the public's expectations for public service ethics and fulfill social responsibilities," adding, "All executives and employees will do their best efforts to innovate into an organization trusted by the public through transparent and fair business performance."

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