Chong Kun Dang Achieves 'AA' Grade in Fair Trade Compliance Program

Chong Kun Dang announced on the 15th that it has received an 'AA' rating in the 2023 Fair Trade Compliance Program (CP) evaluation conducted by the Korea Fair Trade Commission.

Kang Ki-jung, Chairman of the Fair Trade Commission (left), and Kim Jae-deuk, Director of Chong Kun Dang, are posing for a commemorative photo at the Fair Trade Compliance Program Forum and Excellent Company Award Ceremony.
[Photo by Chong Kun Dang]

The CP is an internal compliance system voluntarily introduced and operated by companies to adhere to fair trade-related laws, including education and supervision. The CP rating evaluation is a system where the Fair Trade Commission assesses the CP operational performance of companies that have implemented CP for more than one year and assigns annual ratings for each company.

Chong Kun Dang has taken the lead in establishing a proper CP culture by holding a fair trade declaration ceremony for employees every year and publicly announcing the top management's commitment to compliance both internally and externally. The company built and operated a systematic monitoring system, awarded departments excelling in compliance with fair trade laws, and imposed sanctions on employees who violated regulations. Additionally, it conducted online and offline training programs for employees, earning recognition for effective CP operations and achieving the AA rating five times since 2016.

A representative of Chong Kun Dang stated, “Receiving the AA rating in this CP evaluation is the result of the efforts made by Chong Kun Dang employees to establish a desirable CP culture. We will continue to actively operate the CP to promote awareness of compliance management.”

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