Lotte Biologics Holds Compliance Pledge Ceremony

Anniversary Event and Compliance Pledge Ceremony Held on June 5

Park James, CEO of Lotte Biologics (second from right), and employees are taking a commemorative photo at the compliance pledge ceremony. Photo by Lotte Biologics

Lotte Biologics announced on June 5 that it held a company anniversary event and a compliance pledge ceremony in celebration of its third anniversary, which falls on June 7.

The compliance pledge ceremony was organized to ensure that all executives and employees put into practice the company's management principles and core values, uphold legal and ethical standards, and establish a transparent and fair corporate culture.

Executives and employees read aloud and signed a compliance pledge that includes 14 items, such as: practicing management principles and core values; complying with laws, regulations, and codes of conduct; adhering to domestic and international anti-corruption laws and related regulations; prohibiting improper solicitation and the acceptance of money or valuables; and maintaining dignity and fostering a healthy work environment.

Lotte Biologics plans to respond to growing societal demands for compliance management, further advance its ESG (Environmental, Social, and Governance) and ethical management systems, and establish a fair and transparent corporate culture.

Meanwhile, Lotte Biologics has been providing training on employee conduct guidelines related to compliance at the time of hiring. Since January, the company has also published a monthly compliance newsletter for employees and offered training using case studies, in an effort to enhance understanding of relevant regulations and laws.

A Lotte Biologics representative stated, "Through this pledge ceremony, all executives and employees were once again reminded of the importance of legal compliance and ethical management," adding, "We will continue to comply with relevant laws and internal regulations, foster a transparent and fair corporate culture, and grow into a trusted company through global-level compliance management."

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