SHINSUNG

신성유화

Ethical ManagementShinsung Petrochemical

Ethics Declaration

The high-tech Material Technology Company Growing with Customers

Global Shinsung

The 21st century digital society and unpredictable business environment are requiring a survival with the
best competitiveness through excruciating efforts and changes in a stark reality that only the first class can survive by providing more active
and customer-oriented products and services than ever before in the world market of infinite competition.

In the meantime, potential energy accumulated through tradition and hardships by all executives and employees ceaselessly
has been a driving force for inner-directed growth of Shinsung Petrochemical,
but as our management environment goes up to knowledge informatization and globalization,
only honest and customer-oriented products and services guarantee the future of Shinsung Petrochemical.
In other words, Walking on a right path of Shinsung Petrochemical’s customers and partners is to increase our competitiveness.

Code of Ethics

  • 01
    Compliance with Law and
    Free Competition
    We obey laws and respect morals of business transactions and carry out the business fairly and transparently.
  • 02
    Ethics for Customers
    and Stockholders
    We obey laws and respect morals of business transactions and carry out the business fairly and transparently.
  • 03
    Relationship between Company and Executives and Employees We respect all executives and employees as human beings, and provide an equal opportunity and treat them fairly according to their abilities and performances and establish the working environment so that creativity can be sufficiently shown.
  • 04
    Obligation to Comply with Ethics Creed All executives and employees do not require or receive any monetary / non-monetary profits related to works. All employees make transactions with partners fairly and transparently.
  • 05
    Responsibility for Society Eco-friendly technologies that nature and human are harmonized

Ethical Guidelines

  • Providing Money and Valuables · Entertainment · Convenience
    · Under no circumstances, money and valuables / entertainment / convenience must not be required or received from the stakeholder. · Any monetary transaction must not be conducted with the persons such as cash loan, guarantee for bank loans and real estate lease etc. · In case of conducting the above prohibitions inevitably, it must be reported to the head of a department. The head of a department must deal with it fairly and the result must be reported to the department in charge of ethics management.
  • Protection of
    Company Resources
    · The resource of revenue for budget of the company must not be used for private purposes.
  • Report Obligation and
    Confidentiality
    · A member who discovers infractions of ethical regulations and practical guidelines must report information to the department in charge of ethical management so that it can be solved promptly. · The company and members must be actively protected for giving fair information and not be disadvantaged in any way.
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