Woowa Brothers, Obtains 'ISO37301' Certification

Compliance Management System
Recognition of Risk Response Framework

Woowa Brothers, the operator of Baedal Minjok (CEO Lee Guk-hwan), announced on the 29th that it has received the Compliance Management System (ISO37301) certification. ISO37301 is an international standard established by the International Organization for Standardization (ISO) that evaluates whether a company's overall compliance policies and risk response systems meet global standards and operate effectively.

Woowa Brothers has strengthened its prevention of violations of laws, internal regulations, and ethical standards, as well as its prompt risk response system and compliance culture. They have continuously built and managed systems to enhance organizational soundness, including the establishment of a dedicated team, the establishment of a CMS (Compliance Management System) framework, internal auditor competency training, and company-wide signing of compliance policies (compliance pledges).

Ham Yoon-sik, Head of Customer-Centric Management Division at Woowa Brothers (right), is receiving a certificate from Hwang In-hak, President of the Korea Compliance Promotion Institute.

Previously, in 2017, they also introduced a Fair Trade Compliance Program. Additionally, every June is designated as "June Compliance Month," during which they conduct education on fair trade-related laws, reward outstanding performers, and carry out related campaigns.

Ham Yoon-sik, Head of Customer-Centric Management at Woowa Brothers, said, "We have been certified by a credible institution for establishing sound governance and practices for sustainable management. We will strive to firmly establish ourselves as an ethical company that complies with regulations and meets the expectations of internal and external stakeholders."

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