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Fair trade

Hyundai KEFICO conducts business in a transparent
and fair manner and adheres to the value of trust.

Compliance Program

Purpose and Scope of Application

  • Purpose: To establish a system that can prevent risks of violating fair trade laws and regulations in advance and to establish rules of conduct.
  • Scope of application: All business areas of the company and all employee activities

Glossary

  • Fair Trade Compliance Program (CP): A program introduced and implemented by the Company to promote understanding of fair trade laws and regulations and to ensure compliance.
  • Compliance Manager (CP Manager): The person in charge of CP operations within the company (Head of Planning)
  • Compliance-Supervising Department (CP Supervising Department): The department supervising CP operations (Management Planning Team)

CEO MESSAGE
Fair Trade Compliance Declaration

Hyundai KEFICO continues its endeavor to become a Top-tier company and First Mover in the global market.
To achieve this, the most important foundation of our success lies in compliance with laws and principles,
coupled with a thorough fair trade compliance program (CP).
Our goal is to establish a fair corporate culture and grow into a trusted company.
Therefore, we ask all employees to adhere to the following three principles strictly:

First, we must ensure full compliance with the Subcontracting Act.
We must build mutual trust through fair and transparent transactions with our partners, creating an ecosystem that supports mutual growth.
In particular, it is essential to issue written documents, make timely payments, and prohibit requesting technical data or misusing it.

Second, transactions with affiliates and other companies must be conducted fairly.
These transactions must align with market prices and general commercial practices, and they must be conducted based on transparent and objective criteria.

Third, we encourage active participation in the Fair Trade Compliance Program.
The Fair Trade Compliance Program (CP) is designed not simply to comply with the law, but to foster a culture of fair trade voluntarily.
All employees are encouraged to comprehend the purpose of this program thoroughly and actively engage in its education and activities
to strengthen the company's competitiveness and uphold ethical responsibility.

Establishing a fair trade culture based on compliance management will serve as a solid foundation for achieving our goals in the global market.
We urge all employees to do their best to ensure a fair trade culture within our organization.

Sincerely yours.

Joodong Oh, CEO of Hyundai KEFICO Corporation

CP Operations Organization

CP Operations Organization

CP Operations Organization

  • Compliance Manager: Song Du Sun, Head of Planning (+82-31-450-9111)
  • Compliance-Supervising Department: Management Planning Team, Planning Office
    (102 Gosan-ro, Gunpo, Gyeonggi-do, South Korea +82-31-450-9257)
8 Crucial Matters
for CP
  • 1. Establish and implement CP standards and procedures
  • 2. The CEO leads and supports compliance
  • 3. Appoint a Compliance Manager to supervise CP operations
  • 4. Produce and use a compliance handbook
  • 5. Conduct sustained and systematic compliance training
  • 6. Establish an internal monitoring system
  • 7. Sanction employees who violate fair trade laws
  • 8. Assess effectiveness and implement improvement measures
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