Heungje International creates values for customers, group members, shareholders, and business partners. Through these values, we will make an contribution to the economic and social development and the happiness of all human beings. In order to achieve this, we define codes of ethics and act upon this criteria in decision making and judgement.

1. Group Members

* As a mamber and representative of Heungje Group, we take pride in ourselves and sincerely conduct our duty.

1) By drawing a sharp line between private and public matters, we conduct our duty impartially and transparently.

2) We create corporate culture that intensifies mutual respect between members and encourages members to work with enthusiasm and initiative.

3) We draw up all the management documents according to the law and make an announcement on them in accordance with the law .

4) We make efforts to have a sound business culture through honest and fair job. (revised on Feb. 26, 2016)

5) We do not have any pecuniary benefit obstructing fairness of business from our interest group. (revised on Feb. 26, 2016)

6) We do not do unethical and illegal actions like unjust instruction, recommendation, request, and special favor. (revised on Feb. 26. 2016)

7) We thoroughly protect the company's non-public or important information, deliver important information to people who need it for business as soon as we recognize it, and do not distort information or disseminate false information. (revised on Dec. 31, 2020)

8) We do not engage in Verbal, physical, sexual, visual behavior, slander and obscene acts that is offensive to other executives and employees and we respect the privacy of individuals. (revised on Dec. 31, 2020)

2. Customers

* We gain customers' trust by providing satis factory services and achieve development along with customers

1) We respect customers' various opinion and apply their opinion to company management.

2) We protect customers' information and property in accordance with the law and company regulation.

3) We do not use false/hype advertisements and mark etc and honestly disclose information that customers need to know. (revised on Dec. 31, 2020)

3. Business Partners

* We make an effort to achieve mutual development and cooperation with our partners.

1) We provide fair trade opportunities to our partners and don't abuse our superior position to force our partners to do improper business. We also pursue mutual benefits and development.

4. Society

* We contribute not only to the economic development but also to the society through social and cultural activities and try our best to manage the company in accordance with the social norm.

1) We actively participate in corporate social responsibility (CSR) activities to make all the social members live in happiness.
2) We observe the local laws and respect the culture and tradition of the communities.

5. Compliance manager (revised on Feb. 26, 2016)

1) Compliance manager will be elected at board of directors and appointed by CEO

2) Compliance manager will be appointed among team manager who is not related with sales and buying to observe code of ethics effectively.

3) Compliance manager will carry out code of ethics with real responsibility and authority independent of any other authority.

4) Compliance manager will have diverse method to gather information on worker's complaint and tough situation.

6. Additional Clause

- This code of ethics comes into effect on Sep.10, 2014.
- This revised code of ethics comes into effect on Feb. 26, 2016.
- This revised code of ethics comes into effect on Dec. 31, 2020.