Hanwha Aerospace Achieves AA Grade in 'Fair Trade Compliance Evaluation'

On the 12th, at the Korea Chamber of Commerce and Industry in Jung-gu, Seoul, Choi Byung-sun, Head of Compliance Support at Hanwha Aerospace (right), and Han Ki-jung, Chairman of the Fair Trade Commission, are taking a commemorative photo at the '2024 CP Forum.' Hanwha Aerospace received an AA (Excellent) grade in the CP rating evaluation hosted by the Fair Trade Commission. Photo by Hanwha Aerospace

Hanwha Aerospace announced on the 13th that it received an AA (Excellent) rating in the '2024 Fair Trade Compliance Program (Compliance Program·CP)' evaluation conducted by the Korea Fair Trade Commission. Its subsidiary, Hanwha Systems, also received the AA (Excellent) rating for the second consecutive year following last year.

The CP rating evaluation is a system where the Fair Trade Commission assesses and assigns ratings based on companies' internally established compliance systems designed to adhere to fair trade-related laws and regulations.

Since declaring compliance management in 2011, Hanwha Aerospace has been committed to establishing a culture of compliance management and fair trade adherence through achievements such as obtaining ISO 37301 (Compliance Management) and ISO 37001 (Anti-Corruption) management system certifications from the International Organization for Standardization (ISO) in 2021?the first in the defense industry?and declaring human rights management in 2023.

Hanwha Systems also obtained ISO 37301 and 37001 certifications in 2022 and has maintained global-level compliance and ethical management policies through CP training for all employees, compliance pledge campaigns, and the publication of compliance newsletters.

A Hanwha Aerospace official stated, "We will strive to establish ourselves as a model compliance company that fulfills social responsibility by coexisting with members of the industrial ecosystem based on compliance management and fair trade."

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