Hana Bank Holds Launch Ceremony for Introduction of Fair Trade Compliance Program

Confirmation of Voluntary Compliance with the Fair Trade Act and Commitment to Ethical Management to Prevent Unfair Trade Practices in Advance
Lee Hosung, CEO: "We Will Actively Support the Rapid Spread of a Sound Fair Trade Culture and the Internalization of Ethical Responsibility Among Employees and Executives"

At the Fair Trade Compliance Program launch ceremony held on the 3rd at the Hana Bank headquarters located in Euljiro, Jung-gu, Seoul, Lee Hosung, CEO of Hana Bank (fifth from the left in the front row), and Hana Bank executives are posing for a commemorative photo. Hana Bank

Hana Bank announced on the 4th that it held a launch ceremony for the introduction of the "Fair Trade Compliance Program (CP·Compliance Program)" at its headquarters located in Euljiro, Jung-gu, Seoul, with the aim of promoting a sound fair trade culture and practicing compliance management.

The "Fair Trade Compliance Program (CP)" is a systematic internal compliance system that companies voluntarily introduce and operate to ensure autonomous compliance with the relevant laws stipulated by the Fair Trade Act. Its purpose is to present clear standards of conduct to employees and executives, thereby preventing unfair trade practices.

The launch ceremony was attended by Lee Hosung, CEO of Hana Bank; Park Sungbum and Han Seunghyuk, attorneys at Yulchon LLC; and group leaders representing each group within Hana Bank. During the event, participants shared the significance and direction of introducing the "Fair Trade Compliance Program" at Hana Bank, reaffirmed their commitment to voluntary compliance with fair trade-related regulations, and expressed their determination to practice ethical management.

First, Hana Bank will establish standards of conduct to foster a culture of compliance and support all employees and executives in practicing these standards autonomously. The bank plans to build a system that enables all employees and executives to recognize the risks of legal violations and to ensure the proactive prevention and immediate response to such violations.

Furthermore, Hana Bank will continuously monitor and improve the "Fair Trade Compliance Program" to ensure that it becomes an integral part of the corporate culture rather than remaining a mere declaration. Through these efforts, Hana Bank aims to lead the healthy development of the financial industry in Korea by establishing transparent trading practices and enhancing social trust.

Lee Hosung, CEO of Hana Bank, stated, "Hana Bank has institutionally introduced the 'Fair Trade Compliance Program' to establish a fair and transparent financial transaction order and to become Korea's leading bank trusted by customers and society." He added, "With the introduction of the 'Fair Trade Compliance Program,' we will actively support the rapid spread of a sound fair trade culture and the internalization of ethical responsibility among our employees and executives."

Hana Bank plans to faithfully implement the components of the "Fair Trade Compliance Program," including the establishment of internal regulations, appointment of compliance managers, regular training, and strengthening of internal monitoring systems. Through these efforts, the bank aims to practice transparent and responsible compliance management and to take the lead in realizing the value of mutual growth alongside all members of society.

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