Korea Housing Finance Corporation Establishes Organizational Culture for Compliance and Ethical Practice

Joint Declaration of Commitment to Internal Control Practice by CEO and Standing Auditor

Korea Housing Finance Corporation (HF, President Kim Kyung-hwan) announced on the 13th that it held a ‘Joint Declaration Ceremony for Strengthening Internal Control’ to express its commitment to enhancing internal control.

The declaration, jointly adopted by President Kim Kyung-hwan and Standing Auditor Choi Gi, includes ▲ efforts by top management to establish an internal control system ▲ support from the standing auditor to solidify the internal control system ▲ joint efforts to implement an organizational culture that practices legal compliance and work ethics.

President Kim Kyung-hwan emphasized, “Compliance awareness and work ethics are important for financial public institutions,” adding, “We will strive to build an effective internal control system that enables employees to recognize the importance of internal control and voluntarily comply with it.”

Standing Auditor Choi Gi stated, “We will monitor and support the robust operation of the internal control system to ensure that the corporation becomes a more trusted institution by the public.”

HF Corporation was recognized for its contribution to spreading a culture of integrity and ethical management by proactively introducing and operating a compliance program, receiving a commendation from the Anti-Corruption and Civil Rights Commission this year.

The compliance program refers to a series of systems and activities aimed at practicing integrity and ethical management, including compliance with anti-corruption laws and regulations.

Korea Housing Finance Corporation is holding a joint declaration ceremony by the President and the Standing Auditor expressing their commitment to internal control practices.

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