SK Materials Obtains International Certification for Anti-Corruption Management

SK Inc. Materials announced on the 30th that its seven subsidiaries have obtained the international certification for Anti-Bribery Management System (ISO37001) from the British Standards Institution.

The certified subsidiaries are SK Specialty, SK Materials Airplus, SK Trichem, SK Materials Performance, SK Materials JNC, SK Rezonac, and SK Materials Group Fourteen.

SK Materials Co., Ltd. announced on the 30th that its seven subsidiaries have obtained the international certification for Anti-Bribery Management System (ISO 37001) from the British Standards Institution. (Photo by SK Materials Co., Ltd.)

ISO 37001 is an international standard designed to prevent corruption-related risks that may arise in corporate activities. It is a management system that prevents and supervises corrupt practices such as bribery between employees or third parties, embezzlement, and irregularities in personnel recruitment.

The British Standards Institution, founded in 1901, is a royal organization in the UK that was the first in the world to establish international standards and founded organizations such as the International Organization for Standardization (ISO), the International Electrotechnical Commission (IEC), and the European Committee for Standardization (CEN).

The company explained that this certification is meaningful as it recognizes the company-wide efforts made to establish a global-level anti-corruption system. SK Materials has strengthened the transparency of its corporate governance by establishing an ethics management organization directly under the board of directors and building fair trade and risk prevention systems for each subsidiary.

Kim Yang-taek, President of SK Inc. Materials, said, "An anti-corruption system is a fundamental and essential element in corporate management," adding, "We will use this certification as an opportunity to build trust among various stakeholders as a ‘reliable company in ethical management.’"

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