Small and Medium Business Corporation Obtains International Certification for Anti-Bribery and Compliance Management Systems

Certified for ISO37001 and ISO37301

The Small and Medium Business Corporation announced on September 12 that it held a certificate award ceremony in the main conference room in Mok-dong, Yangcheon-gu, Seoul, and obtained international standard certifications for the Anti-Bribery Management System (ISO37001) and the Compliance Management System (ISO37301).

Exterior view of the Small and Medium Business Corporation. Small and Medium Business Corporation

ISO37001 and ISO37301 are certification systems based on international standards established by the International Organization for Standardization (ISO). These certifications are granted after a comprehensive evaluation of an organization's strategies, systems, and procedures for anti-corruption and compliance management.

The Small and Medium Business Corporation has complied with the government's internal control and compliance guidelines and the standard model for ethical management. The organization has also continuously developed performance indicators tailored to its unique characteristics, thereby improving its internal control system. These efforts received positive evaluations during the recent review.

In particular, the Small and Medium Business Corporation actively reflected the recommendations made during the certification audit, utilized risk control manuals to identify and analyze risk factors, and meticulously refined its response measures. As a result, the organization has established a higher level of anti-bribery and compliance management systems.

Additionally, under the leadership of the chairman, the organization operated the Internal Control Committee and the Ethics and Human Rights Management Committee to prevent corruption and lead transparent management. The corporation has also continuously promoted activities such as: ▲improving internal control governance (structure and procedures), ▲strengthening field-oriented control functions, ▲expanding education on integrity and ethical culture, and ▲reducing operational risks through participation from all departments.

Kang Seokjin, Chairman of the Small and Medium Business Corporation, stated, "Obtaining these certifications is an internationally recognized achievement of our company-wide efforts to innovate anti-corruption and compliance management at a time when the value of integrity must be re-emphasized. Going forward, we will thoroughly strengthen internal controls based on systematic systems that meet global standards and take the lead in creating a fair society as an institution trusted by the public."

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