It is the Chong Kun Dang Corporation’s Anti-Bribery and Anti-Corruption Policy established and declared to practice ethical and transparent business practice
with zero-tolerance for bribery and corrupt activities based on honesty and trust within the corporate culture since its founding in 1941.
The purpose of this Policy is to establish an anti-bribery and anti-corruption management system and for compliance management for sustainable management by setting out standards and expectations of employee behavior to prevent corruption and bribery among executives and employees of Chong Kun Dang.
All employees and stakeholders of Chong Kun Dang are required to comply with this Policy and prohibits bribery in all contexts or any similar pretext. Corrupt activities and provision of bribery such as money, valuables, entertainment, and benefits are prohibited.
All executives and employees of Chong Kun Dang shall perform their duties and tasks in compliance with Korean anti-bribery and anti-corruption laws and regulations, such as the Criminal Act, the Pharmaceutical Affairs Act, the Monopoly Regulation and Fair Trade Act, the Act on Aggravated Punishment of Specific Crimes, the Act on Preventing Bribery of Foreign Public Officials in International Business Transactions, and the Improper Solicitation and Graft Act, the U.S. Foreign Corrupt Practices Act (FCPA), UK Bribery Act, and internal corporate policies, and must not engage in any conduct that violates or may be suspected of being violated.
All executives and employees of Chong Kun Dang shall comply with the anti-bribery and anti-corruption policy, CKD CP Operation Policy,
and anti-bribery & anti-corruption management system to eliminate bribery and corruption risks, thereby contributing to the achievement of the company’s compliance management for sustainable management.
① Chong Kun Dang shall establish and operate an effective compliance management system to prevent and reduce bribery and corruption risks, and continuously improve it.
② Chong Kun Dang shall disseminate its anti-bribery & anti-corruption policy and the operating status of the anti-bribery & anti-corruption management system so that
all executives, employees and stakeholders of Chong Kun Dang can recognize them.
③ All executives and employees Chong Kun Dang shall sign and fulfill the pledge to prevent bribery and corruption risks once a year.
The Compliance Manager shall have independent authorities and responsibilities related to anti-bribery and anti-corruption, and have an obligation to provide and supervise the advice and guidance for resolving issues related to the company's anti-bribery and anti-corruption management system.
Chong Kun Dang shall keep the personal information of whistleblowers reporting bribery and corruption to the offline and online (cyber) Whistleblower Center strictly confidential. If a whitleblower is an executive or employee of Chong Kun Dang, he/she shall be protected from economic disadvantages or any disadvantageous treatment such as negative performance appraisal, or forced transfer or job placement on the basis of whistleblowing. The whistleblower’s contribution to the Company shall be positively reflected in the employee performance appraisal/evaluation process.
If an executive or employee of Chong Kun Dang violates this Policy or related laws, or fails to take reasonable measures to prevent violations, Chong Kun Dang shall not be held liable on behalf of him/her. The Company may take disciplinary action against him/her in accordance with the Company's rules, regulations and policies including the Anti-Bribery and Anti-Corruption Policy and CP Operation Policy.