Hanmi Pharm Maintains Fair Trade Commission CP Grade 'AAA' for 4 Years... "First and Only in Korea"

Yoo Seung-hyun, Head of Compliance Team at Hanmi Pharmaceutical (right), is receiving a plaque from Han Ki-jung, Chairman of the Fair Trade Commission, at the '2022 CP Forum and Excellent Company Award Ceremony' held at the Korea Chamber of Commerce and Industry on the 13th.
[Photo by Hanmi Pharmaceutical]

[Asia Economy Reporter Lee Gwan-joo] Hanmi Pharm announced on the 14th that it will maintain the highest grade 'AAA' of the Compliance Program (CP) awarded by the Fair Trade Commission for four years. Hanmi Pharm is the first and only company among about 700 companies that have introduced CP to maintain the AAA grade for four years.

Hanmi Pharm, which was the first domestic company to acquire the highest grade AAA among companies that introduced CP in 2020, has been awarded the AAA grade again. The CP grade maintenance period is two years from the date of award.

CP is an internal compliance system related to education and supervision voluntarily introduced and operated by companies to comply with fair trade-related laws. The Fair Trade Commission grants grades to companies that apply for evaluation among those that have introduced CP for more than one year.

Hanmi Pharm received high evaluations for the fact that top executives expressed a strong will to practice CP and actively led the spread of CP culture.

Hanmi Pharm conducts regular education on the latest CP issues as well as focused CP education for departments that may violate laws during work processes. In addition, it prevents risks by pre-consulting thousands of drafts that may violate laws and regulations, and has established a pre-monitoring system by managing records of prior work consultations in document form.

A Hanmi Pharm official said, "The company's will to establish a CP culture itself can greatly contribute to the establishment and spread of corporate CP culture," adding, "We will do our best to fully internalize CP into Hanmi Pharm Group's corporate culture, which has human respect and value creation as its management philosophy."

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