Social Responsibility

Ethical Management Shared Growth Declaration of Ethical Management Fair Trade Management of Conflict Minerals

Regulation of
Conflict Minerals

Conflict minerals refer to four minerals, 3TG (tantalum (Ta), tin (Sn), tungsten (W) and gold (Au)) that are produced in Africa's DRC (Democratic Republic of Congo) and neighboring countries (Sudan, Rwanda, Burundi, Uganda, Zambia, Angola, Tanzania, and Central African Republic), which are defined as conflict areas under the U.S. Dodd-Frank Act. It is understood that in these areas, armed groups such as rebels and government forces control the mining and distribution of minerals, thereby they secure funds and create conflict. This causes not only loss of life but also causes human rights issues such as human rights violations of local residents and labor exploitation during the mineral extraction process, and causes social problems such as environmental pollution. So companies that distribute or use these minerals are criticized.

In 2010, the U.S. Congress enacted the U.S. Dodd-Frank Act Section 1502, which mandates reporting of conflict minerals. Hence U.S. listed companies should report their use of conflict minerals to the U.S. Securities and Exchange Commission (SEC).

Conflict Minerals
Regulation Policy

  • Hansol Technics will make the following active efforts regarding conflict minerals regulation, which has become an international issue.
  • We will establish work process for conflict minerals to comply with the law by applying international standards related to conflict minerals.
  • We will participate in activities to ban the use of conflict minerals promoted by EICC and Global e-Sustainability Initiative (GeSI).
  • We conduct a survey on the use of conflict minerals for our domestic and overseas partner companies through the Conflict Minerals Use Reporting Questionnaire (EICC Template) provided by EICC-GeSI. Through this, we will investigate whether the 3TG (tin, tantalum, tungsten, and gold) used in our products are conflict minerals.
  • We will collect “The Declaration of Compliance on Non-Use of Minerals from Congo and Adjacent Conflict Areas” from all partners so that this policy can be expanded.
  • Hansol Technics requires all partners to strictly comply with its conflict minerals management policy.
  • Business partner has to make efforts to identify all smelters in the supply chain where conflict minerals are purchased.
  • Business partner has to timely submit Hansol Technics’ requests for conflict minerals data.
  • If the business partner provides different information about the supply chain of conflict minerals, or if the business partner's supply chain is unclear, Hansol Technics may suspend transactions with the business partner.

Hansol Technics will work together with its partners to manage its supply chain systematically, monitor government policy and support, and build a gradual process to respond to conflict minerals regulations. Through this, we will actively participate in global efforts to ban the use of conflict minerals.