Ethical management has been now rooted as one of the survival strategies of a corporation.
Recently, there has been increased emphasis on the importance of ethical management.
Ethical management means that a company is obliged to perform ethical responsibilities that are expected from conventional wisdom on top of complying with its economic and legal responsibilities.
In the past, without legal issues, unethical management was accepted in the name of the industry practice even if it was inappropriate according to conventional wisdom. More recently, however, stricter ethical standards have become applicable within the industry due to the more widespread global standards. Therefore, ethical management has been now rooted as one of the survival strategies of a corporation.
Since our foundation, Handok has been consistently practicing management according to strict ethical and moral principles. In particular, in the sales sector, Handok implemented Compliance Program (CP) ahead of our competitors. I hope that such commitment that Handok has made so far will create a synergy together with the newly established ethical standards. I would like to urge all of our employees strive to put them into action following ethical value judgment of higher standards.
In the future, I hope that our ethical standards will support Handok’s continued development as a key factor for competitiveness by forming amicable relations with various stakeholders, without negative implications as a controlling means to restrict the behaviors of employees.
9 November 2007
- Chairman and CEO
- Young Jin Kim