Chong Kun Dang Achieves 'AA' Rating in Fair Trade Compliance Program Evaluation

At the 2022 Fair Trade Compliance Program (CP) Forum and Excellent Company Award Ceremony held at the Korea Chamber of Commerce and Industry on the 13th, Han Ki-jung, Chairman of the Fair Trade Commission (left), and Kim Jae-deuk, Compliance Officer of Chong Kun Dang, are posing for a commemorative photo.
[Photo by Chong Kun Dang]

[Asia Economy Reporter Lee Gwan-joo] Chong Kun Dang announced on the 14th that it has received an 'AA' rating in the '2022 Fair Trade Compliance Program (CP) Rating' hosted by the Korea Fair Trade Commission.

The CP rating evaluation is a system that assesses the operational performance of companies that have implemented the Fair Trade Compliance Program for more than one year and assigns annual ratings for each company. Chong Kun Dang first received the AA rating in 2016 and has since earned the AA rating four times, proving the excellence and effectiveness of its CP operations.

Chong Kun Dang holds a Fair Trade Declaration Ceremony annually for its executives and employees and operates online and offline educational programs, while also adding CP subjects to promotion exams, among various other efforts. Additionally, it has established a CP monitoring system to strictly discipline employees who violate the program and rewards teams and employees who excel in CP compliance.

In particular, this year, the company accelerated more systematic CP operation and management by obtaining integrated certification for international standards in compliance management (ISO37301) and anti-corruption management (ISO37001).

A representative of Chong Kun Dang stated, "Receiving the AA rating in this CP evaluation is the result of all Chong Kun Dang employees working together to establish a CP culture within the company," and added, "We will strive to create a proper corporate culture through the expansion of CP operations."

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