Lotte Holdings Obtains ISO 37301 Certification for Compliance Management System

Building a Compliance System

Lotte Corporation has obtained the 'ISO 37301' certification, an international standard for compliance management systems, from the Korea Management Certification Institute.

On the 15th, Lotte Corporation held a certification ceremony for obtaining 'ISO 37301' on the 113th floor of Lotte World Tower. Attendees included Park Eun-jae, Head of Compliance Management at Lotte Corporation, Hwang Eun-joo, CEO of the Korea Management Certification Institute, and other related personnel.

'ISO 37301' is an international standard related to compliance established by the International Organization for Standardization (ISO). It is a global certification granted after evaluating whether a systematic management system has been established, including the planning, implementation, maintenance, and improvement of compliance management.

In May, Lotte Corporation appointed Park Eun-jae, Head of Compliance Management, as the person responsible for compliance and began building a compliance management system. Lotte Corporation completed the establishment of a compliance management system that meets ISO international standards by setting control objectives to analyze and manage compliance risks across all departments.

According to the system, Lotte Corporation conducts mandatory compliance training to ensure that all executives and employees within the Lotte Group adhere to compliance. It also carries out activities to eradicate unfair trade practices that may occur in transactions with suppliers and monitors internal audit activities within group companies.

Park Eun-jae, Head of Compliance Management at Lotte Corporation, said, "Compliance management is more than just certification; it is a promise to build trust with customers and partners," adding, "We will continue to strive to create a transparent and sound corporate culture."

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