Executives and employees must comply with all laws and regulations of the countries at home and abroad, and conduct business while respecting commercial customs and traditions.

Executives and employees must legitimately collect and utilize important information about competitors and stakeholders for lawful purposes.

• Prevention of misuse of lawful information: Even if exclusive information is obtained legally, reasonable procedures must be followed and it must be used for appropriate purposes. If there is a clause prohibiting copying, distribution, or presentation of the information, such prohibition should be complied with. Also, the information is managed transparently to avoid any misunderstanding that it has been misused.

Supplier Selection

• When selecting a person who provides goods or services (hereinafter referred to as “supplier”), equal participation opportunities should be provided to all companies that meet the conditions. The selection process must also be conducted legally and according to objective and fair review standards.

Prohibition of purchasing goods or services from a specific person at a significantly overvalued price

• Unless officially allowed by the company, no one may become a supplier for the company while he or she works for the company. No one may become an agent of any supplier for the purpose of obtaining personal profits or become an executive of the supplier organization. In addition, no one shall not receive money or any other economic benefits from suppliers by providing advice or services to business partners with whom the company has a business relationship.

Abuse of Superior Position

• No one shall not abuse his or her superior position to demand unfair burdens from suppliers (hard selling of products/ sponsorship/entertainment/rebates/business trip expenses, etc.) or exert pressure to cut off transactions based on a unilateral judgment. Any changes to general transaction conditions must be thoroughly discussed in advance.

Communication with Competitors

• When any one needs to communicate with any competitor of the company, such person should avoid discussing important information such the company's as pricing policy, contract terms and conditions, costs, manufacturing plans, product technologies, etc.

Good Faith Competition

• Hansol practices fair competition in good faith both on and off the premises, and pursues corporate activities based on mutual respect with competitors.
• No executives and employees may use advertisements or other media to slander competitors or compare each other without reasonable grounds, and may unfairly infringe on competitors' interests by spreading malicious rumors.

Stock Trading Using Inside Information

• Executives and employees who have important non-public information about their company must not buy or sell stocks or securities or disclose such information to third parties until the company makes an official announcement. The important inside information is information that cannot be easily accessed by general public and may have harmful effect on investors' legitimate trading or ownership of stocks.

Real Property Transaction for Invested Area

• No executive or employee, who has become aware of confidential information about the company's new investment regarding certain facilities, may invest, directly or indirectly, in any area where such facilities are to be located, or reveal such information to any third party.

No executive or employee may accept any money or gifts offered by interested parties in connection with the work, and should politely decline to receive it. Receiving it through family, relatives, acquaintances, etc. is also considered an act of the executive or employee.

Subject of Report

• If any one inevitably receives cash, gifts, or securities from a trading company in connection with the work, the person should report it to the company. Reportable items include: 30,000 won or more per case and 100,000 won or more in total for a year; all gifts for that year should be reported. However, items of minor value (usually less than 30,000 won per case), such as one-time promotional items that are customarily distributed to others, are excluded from reporting.

Report Procedure and Methods

• If any one inevitably needs to report money or gifts received from a business partner in connection with the work, the person should fill out the “Money or Gifts Receipt Report” form and report it in writing to the head of your division within 3 days from the date of receipt, regardless of whether it is returned or not. The division must immediately submit a report to the Human Resources Division.

Basic Principle

• No executive or employee may accept any entertainment or other service provided by stakeholders in connection with their work. In particular, executive or employee have to refuse entertainment or other service at luxurious entertainment establishments such as room salons, group bars, casino golf courses, or massage parlors. Even if the value is so minor that it is not subject to reporting, however if there is a risk of it being reconsidered in the future, any executive or employee should immediately refuse it or leave the place. If it is received by someone who can influence, such as a family, relatives, or acquaintances, it is considered an act of the executive or employee.

Subject of Report

• If any one inevitably receives meals, drinks, use of sports facilities, travel convenience, etc. from a business partner in connection with the work, the person should report it by filling out the “Entertainment/Other Service Receipt Report” (The reporting procedure is the same as reporting receipt of money or gifts). In principle, Hansol provides light meals with business partners. However, in order to ensure smooth business cooperation, if entertainment is inevitably received at an external restaurant, it has to be a normal meal, and if the amount is less than 30,000 won per person, it is excluded from reporting.

Receiving Accommodation or Transportation Services

• Provision of accommodation or transportation during business trips should be politely refused under any circumstances. If any one had to receive the provided services unavoidably, such person should immediately pay a fair price to the provider of the convenience, fill out a “Money or Gift Receipt Report” and submit it to the head of the division.

Other Inappropriate Conducts

• No executive or employee may borrow money personally from any business partner of the company, taking advantage of his or her superior status, nor may require to provide guarantee or pledge, or to repay his or her debts instead. If any executive or employee obtains profits by purchasing movable asset or real property from a business partner of the company at a lower price than the fair market price, such executive or employee is deemed to have received money or gifts.

Confidential information refers to important information registered in the database of the computer system, copyrights, patents, other intellectual property rights, and other proprietary information accumulated by each specialized division of the company. Such important information is the result of hard work by fellow employees day and night, and also the result of the company investing a lot of resources. If confidential information is disclosed to third parties, the company may suffer significant damage, so every effort should be made to protect the information.

Unless the company approved disclosure or officially announced certain information, no one can discuss confidential information even with family or friends. Additionally, personal use of the company's confidential information to gain unfair profits is strictly prohibited.

Private information about customers shall not be disclosed to any third party without the relevant customers' prior consent. Information about customers may not be used for any purpose other than for the legitimate business purpose. Any violation of this provision may result in legal liabilities.

Prohibition of Use of Illegal Software

• When using software, any executive or employee should strictly comply with the relevant license terms and conditions such as prohibiting copying or distributing the program. Further, no one may use illegal copy of any software within the company.

Ownership of Intellectual Property Rights

• The rights, entitlements, and interests of intellectual property rights developed by executives and employees while working in their specialized fields belong to the company. This comprehensively covers the work performance processes and results such as designs, inventions, computer programs, and important documents. Even if any executive or employee resigns or retires the company, the person must return all company assets, including documents, diskettes, CDs, etc. that contain information.

In order to contribute to the development of the national economy, Hansol pursues sound corporate activities, creates job opportunities, and faithfully fulfills its tax obligations. Hansol also fulfills its responsibilities and obligations as a corporate citizen contributing to the development of the local community.

Executives and employees have to do their best to prevent and improve environmental pollution to protect nature and preserve a clean environment, thereby contributing to the practice of ‘Always Green Hansol.’

No executive or employee may run for an elected position in a political party or as a public official while in office.

• Individual political rights of executives and employees are respected. However when expressing opinions about politics, any executive or employee has to clearly state that it is based on personal status rather than as a person representing the company.

No political activity is allowed during working hours or within the company.

• Political activity refers to any actions that may interfere with work performance, such as distributing leaflets, promoting through email, engaging in agitation or demonstration or posting notices that contain political issues.