Incheon Urban Corporation, First Local Public Enterprise to Receive 'Ethical Management Award'... Achievements in Corruption Prevention System

Incheon Urban Corporation building exterior

[Asia Economy Reporter Park Hyesook] Incheon Housing and City Development Corporation (iH) announced on the 5th that it has received the '2022 Ethical Management Award' presented by the Korean Society for Business Ethics. This is the first time a local public enterprise has won the award.

The Ethical Management Award is given annually by the Korean Society for Business Ethics, the only academic organization related to ethical management in Korea, to companies that have contributed to the realization of social value and the advancement of ethical management. Awardees are selected through a comprehensive evaluation of their ethical management strategies and commitment, ethical management and social contribution promotion systems, and ethical management performance.

iH received this award in recognition of the CEO's strong commitment to ethical management, the completeness of its mid- to long-term ethical management plans and promotion systems, operation of the iH Whistle system for corruption prevention, and various social contribution activities.

To quickly respond to ethical policies and environmental changes, iH has systematically established internal and external controls, reporting systems, and a control system for rewards and punishments, and operates a balanced autonomous prevention system (iH Whistle system) that encompasses not only compliance monitoring but also organizational culture.

Through these achievements, iH was selected as one of the Moon Jae-in administration's 100 major policies, an excellent case by the Anti-Corruption and Civil Rights Commission, and an outstanding case at the Korea Transparency Organization workshop. It also won the Grand Prize for Local Government Innovation in Korea in 2021.

iH also operates the 'Family Thanks to Integrity Challenge' involving families to foster a unique culture of integrity, as well as 'Integrity Day Every Month' to spread integrity issues.

Along with this, under the vision of 'iHUG Infinite Sharing,' iH is promoting 40 social contribution projects based on regional coexistence, citizen partnership, and sustainable strategies.

iH President Lee Seung-woo said, "We are pleased that our efforts to implement high-level ethical management demanded by society, including the introduction of ESG (Environmental, Social, and Governance) management, have yielded good results. Just as iH is growing into a comprehensive real estate platform, we will do our best to leap forward as an ethical management platform as well."

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