Compliance
management

Nongshim establishes transparent and
fair compliance standards and practices them.

What is compliance?

Nongshim practices compliance management to promote the conduct of business in a fair and transparent manner, pursue sound development of the company and secure trust from consumers by complying with applicable laws.

Nongshim prevents illegal acts in advance by identifying applicable laws to be complied with for running a business and checking whether employees and executives comply with laws internally. In addition, we are establishing policies and conducting supporting activities to respond to various kinds of legal risks systematically.

Establishing an autonomous fair trade compliance system

Establishment of a compliance management system, internal education, and organization of a department dedicated to the promotion of fair trade.

Increase transparency and fairness in trade relationships

Four major practices, the introduction of standard subcontracting/agent contracts, and the operation of internal deliberation councils.

Strategy/direction of compliance management

We are running a compliance support system. We are preventing legal risks in advance by running a compliance organization
conducting internal inspection and evaluating and managing legal risks.
We provide legal training for executives and employees on Civil and Commercial Law, Fair Trade Act, Subcontract Act, Overseas Contract Act.

Compliance management policy (Nongshim Compliance Declaration)

 
 

Nongshim executives and employees comply with domestic and overseas laws and corporate criteria for compliance in the process of conducting all business activities and practice the following principles.

Nongshim executives and employees comply with domestic and overseas laws and
corporate criteria for compliance in the process of conducting all
business activities and practice the following principles
1Comply with the company’s compliance standards and routinize legislation and contract reviews.
2Internalize the compliance of business and make an effort to improve the awareness of compliance and establish the proper image of Nongshim.
3Comply with applicable laws related to the provision of information and services to customers.
4Understand and comply with laws related to intellectual property rights, personal information, food and environment.
5Do not conduct any activities against laws for the benefit of the company.
6Do not follow wrong practices and if the illegal activities are known, they should be notified to the company.
7Do not conduct any illegal trade or unfair joint activities in the conduct of business.
8Do not engage in embezzlement, negligence, conflict of interest with the company or insider trading
9Do not disclose the business secrets learned while performing jobs and follow security rules in daily activities.
10Do not provide or receive any bribe, money or entertainment or other illegal economic benefits to and from domestic and overseas public officials and influential persons.

Efforts for compliance

Fair Trade Act
Laws related to environment
Area related to Food Safety Act
Related to Personal
Information Protection Act.
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