Hanwha Aero Obtains Compliance and Anti-Corruption Management System Certification... "First in Domestic Defense Industry"

At the certification ceremony for the Compliance Management System (ISO37301) and Anti-Corruption Management System (ISO37001) held on the 30th at the Hanwha Building in Janggyo-dong, Jung-gu, Seoul, Hwang Eun-joo, President of the Korea Management Registrar (KMR) (left in the photo), and Shin Hyun-woo, President of Hanwha Aerospace, are posing for a commemorative photo. (Photo by Hanwha Aerospace)

[Asia Economy Reporter Jeong Hyunjin] Hanwha Aerospace announced on the 30th that it has become the first domestic defense company to simultaneously obtain international certifications for the Compliance Management System (ISO 37301) and the Anti-Corruption Management System (ISO 37001).

Hanwha Aerospace received the certificates from the Korea Management Registrar (KMR), an accredited certification body, at a certification award ceremony held at the Hanwha Building in Janggyo-dong, Jung-gu, Seoul.

ISO 37301 is an international standard established by the International Organization for Standardization (ISO) in April to evaluate whether compliance policies and compliance risk management meet global standards and are effectively implemented. ISO 37001, introduced in 2016, is an international standard designed to assess internal systems in the anti-corruption field, including prevention of bribery, kickbacks, and illicit payments.

Shin Hyun-woo, President of Hanwha Aerospace, stated, "We will strengthen activities to systematically carry out ESG management, including compliance and anti-corruption, which are key issues in global management recently, and to enhance sustainability."

Since 2011, Hanwha Aerospace has been managing compliance risks continuously through the introduction of a compliance system, dissemination of management’s commitment, employee training, and inspections.

In particular, earlier this year, Hanwha Aerospace received a B grade in the Defense Companies Corruption Index (DCI) evaluation conducted by Transparency International (TI), which assessed 134 defense companies across 38 countries worldwide. This score ranked first in Asia and placed the company among the 'Global Top 5' individually. In October, Hanwha Aerospace also received an integrated grade of 'A' for the second consecutive year in the '2021 ESG Evaluation and Rating Disclosure of Listed Companies' announced by the Korea Corporate Governance Service (KCGS).

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