Code of Ethics
KOCH and KOONE value people and resources, striving to grow together with all stakeholders while faithfully fulfilling our responsibilities to become companies trusted and respected by society.
To achieve this, we comply with all applicable domestic and international laws and regulations, uphold fair trade practices, respect social values and customs, and contribute to national and social development.
To foster a sound and ethical corporate culture, we have established and actively practice our Code of Ethics.
Responsibilities and Duties to Customers
Customer Satisfaction
We believe that our customers are the foundation of our business. Customer satisfaction and respect are the highest priorities in all of our decisions and actions.
- We recognize that supplying high-quality products on time is the key to earning customer satisfaction and trust, and we make every effort to achieve this.
- We provide accurate information about our products and services and refrain from any misleading or exaggerated advertising.
Customer Protection
We always honor our commitments to customers, and all transactions are conducted fairly and ethically.
- We do not disclose or provide customer information to any third party without prior consent.
- We do not engage in unfair transactions or make unreasonable demands by taking advantage of our market position.
Responsibilities and Duties to Shareholders and Investors
Protection of Shareholders' Rights
- We protect the rights of shareholders and respect their legitimate requests and suggestions.
- We disclose management information transparently to build mutual trust with shareholders and investors while maximizing shareholder value.
Equal Treatment
- We treat all shareholders fairly and equally, including minority shareholders.
- Management decisions are made with the interests of all shareholders in mind to ensure that the rights and interests of minority shareholders are never unfairly infringed upon.
Transparent Disclosure of Information
- We maintain accounting records in accordance with generally accepted accounting principles to ensure transparency in our financial condition and business performance.
- We provide accurate management information in a timely manner in compliance with applicable laws and regulations, enabling investors and other stakeholders to make informed decisions.
Responsibilities and Duties to the Nation and Society
Compliance with Laws and Regulations
As a responsible member of society, we comply with all applicable domestic laws and regulations as well as internationally recognized standards.
Contribution to the Economy and Society
We contribute to national economic development by improving productivity, creating employment opportunities, fulfilling our tax obligations, and actively engaging in social contribution activities.
Accident Prevention and Environmental Protection
We comply with all applicable safety and environmental laws and regulations, both domestic and international, while striving to prevent accidents, manage risks, and preserve a clean environment.
Responsibilities and Duties to Competitors and Business Partners
Fair Competition
- We respect the principles of free and fair market competition and compete fairly with our competitors.
- We comply with fair trade laws and uphold fair competition practices.
Fair Dealings with Business Partners
- We pursue mutual growth by building relationships of trust and cooperation with our business partners through fair and transparent business practices.
- We do not abuse our superior position to make unreasonable demands or engage in unfair practices, and we faithfully enter into and honor contracts with integrity.
Responsibilities and Duties to Employees
Respect for Human Dignity and Fair Treatment
We respect the dignity and privacy of every employee and prohibit discrimination based on regional background, family origin, gender, religion, age, disability, or marital status. We provide equal opportunities based on ability and qualifications and offer fair and reasonable compensation based on objective performance evaluations.
Talent Development
We respect the autonomy and creativity of every employee and provide fair opportunities for career development and professional growth. By enhancing job satisfaction and strengthening professional expertise, we support both organizational success and individual self-fulfillment.
Enhancing Quality of Life
We regard our employees as our most valuable asset and strive to create a work environment that promotes work-life balance as well as health and safety. We also respect the independence and fundamental rights of every employee and foster a mature organizational culture where ideas and suggestions can be freely shared based on mutual trust.
Code of Conduct for Employees
Building a Healthy Corporate Culture
We respect the dignity and privacy of every employee and prohibit discrimination based on regional background, family origin, gender, religion, age, disability, or marital status. We provide equal opportunities based on ability and qualifications and offer fair and reasonable compensation based on objective performance evaluations.
- Employees share the company's management philosophy, embrace its goals and values, and faithfully carry out their assigned responsibilities in accordance with company policies.
- Employees foster a corporate culture built on open communication, mutual trust, and collaboration.
- Employees perform their duties with integrity and comply with all applicable laws, regulations, and company policies.
Fair Dealings with Business Partners
Employees shall avoid any actions or relationships that create conflicts of interest with the company. Whenever the interests of the company conflict with personal or departmental interests, employees shall always place the company's interests first.
Prohibition of Insider Trading
- Employees shall not trade securities using confidential information obtained through their work.
- Employees shall not disclose undisclosed material information that may affect stock prices to any third party except through lawful procedures.
Protection of Company Assets and Confidential Information
- Employees shall protect the company's physical assets, intellectual property, and trade secrets and shall not use them for personal purposes.
- Employees shall not seek personal gain through their position or engage in unfair transactions using confidential company information.
- Employees shall not disclose important information that could affect the company's interests.
Prevention of Sexual Harassment and Workplace Harassment
- Employees shall not engage in any physical, verbal, or visual conduct that causes sexual humiliation or undermines a respectful workplace.
- Employees shall not abuse their position or relationships in the workplace to inflict physical or psychological harm or create a hostile working environment..
Political Neutrality
- Employees shall not engage in political activities during working hours or use company resources for political purposes.
- While the company respects each employee's political rights and personal views, employees must ensure that their political opinions or activities are not misunderstood as representing the company's position.
Prohibition of Receiving Gifts and Entertainment
- Employees shall not accept money, gifts, entertainment, or other benefits from business partners or other interested parties.
- Employees shall not provide money, gifts, or entertainment beyond socially acceptable standards in connection with company business.
- Employees shall also refrain from exchanging money, excessive gifts, or entertainment among themselves.
Protection of Confidential Information
- Employees shall not disclose confidential company information, new business information, trade secrets, or customer and business partner information to any third party without prior company approval.
- Employees may use confidential information only when required for their assigned duties and shall never use it for personal gain or any unauthorized purpose.
- Upon leaving the company, employees must return all software, documents, data, and information provided or obtained during their employment and shall not retain any copies.
