Policy and Guidelines

Korea Circuit practices responsible management by providing honest value to customers, protecting shareholders' rights, and engaging in fair transactions with partners beyond mere corporate growth and profit generation. The company establishes and operates ethical and compliance policies and behavior standards to create an organizational culture where employees feel rewarded and proud, and to fulfill social responsibilities and obligations to all stakeholders. Particularly, all employees and partners are prohibited from engaging in actions that may harm fair and transparent transactions, such as hospitality, bribes, gifts, inappropriate notifications of family events, and receiving congratulatory or condolence money. Furthermore, the "Korea Circuit Code of Conduct," based on the "Coexistence Ethical Management Guidelines" and the RBA Code of Conduct, is published on the website to clearly communicate ethical and compliance principles both internally and externally, continuously enhancing awareness and voluntary practices among employees and partners.

Code of Ethics

Code of Ethics

Ethical Commitment Guidelines

Ethical Commitment Guidelines

Download Code of Conduct

Ethical Management

Korea Circuit practices ethical management across the organization, holding trust with all stakeholders as a core value beyond mere profit. We believe that a corporation's sustainable growth stems from ethical responsibility and conduct all decision-making and business activities based on honesty, fairness, and transparency. By strictly excluding corruption and unethical behaviors, we aim to position ourselves as a robust company that adheres to principles, prioritizing partnership with collaborators, employee respect, and fostering customer trust. Korea Circuit is committed to opening a more beautiful world with social responsibility and trust.

Anti-Corruption

Anti-Corruption Policy and Management

Korea Circuit strictly prohibits corruption actions such as bribery, improper solicitations, monetary and hospitality offers, and conflicts of interest to foster a culture of integrity and transparency. The company shares anti-corruption policies and guidelines with employees and partners, clearly presenting ethical judgment standards to be followed in performing duties and interactions with stakeholders. Furthermore, we identify corruption risks in advance, focusing on high-risk operations and vulnerable areas, conducting inspections, and enhancing employees' awareness through regular ethics training and case-based learning. We also operate an anonymous and non-anonymous reporting channel called the "Report Center," continuously instructing on the internal website to report violations and conducting necessary disciplinary measures and follow-ups according to the principles of reporter protection and fair investigation. Major inspection and action results are reported to management and the board, and policies and guidelines are supplemented as needed to embed anti-corruption principles throughout organizational culture and operations.

Compliance Management

Korea Circuit operates a company-wide compliance management system to establish a global-level compliance culture by preventing legal risks, ensuring transparent decision-making, and establishing anti-corruption and fair trade practices.

Compliance Officer

In April 2024, Korea Circuit appointed a Compliance Officer via a board resolution to prevent legal risks across management activities and enhance responsible decision-making systems. The Compliance Officer operates directly under the CEO and continuously checks compliance with laws related to the company's major management activities, providing advice and improvement measures on compliance risks. Main roles include diagnosing internal controls and legal risks, pre-reviewing significant contracts and disclosures, dealing with issues related to fair trade, subcontracting, and capital markets, reporting to the board, and supporting insider reporting and whistleblowing management. This structure helps pre-identify potential legal risks and ensures that compliance standards are consistently applied in critical decision-making processes. Although there is currently no dedicated compliance support organization, compliance checks, advice, and follow-up actions are performed based on collaboration with related departments. Korea Circuit will continue to expand the company-wide voluntary compliance system and further internalize compliance awareness within organizational culture and overall business activities.

Integrated Compliance

Korea Circuit has set a mid-to-long-term goal to adopt the international standard ISO 37301 compliance management system, building and operating the necessary management systems step by step. To identify and prevent compliance risks in advance, the company conducts self-inspections of internal controls, pre-reviews significant contracts, and manages high-risk business risks. It also establishes clear principles and procedures for compliance with ethics codes and compliance behavior guidelines that employees must follow. Additionally, online compliance management training and related communications are conducted for all employees to raise compliance awareness, and an anonymous reporting system is operated to ensure that violations can be reported and investigated fairly. The company manages disciplinary and follow-up procedures based on the principles of protecting informants and insiders, reporting key results to management, and evaluating operational effectiveness to prevent recurrence and improve systems. Korea Circuit will further enhance the compliance management system, where risk identification, policies and procedures, training, reporting and investigations, improvements, and feedback are organically linked, to establish a voluntary and sustainable compliance culture that meets ISO 37301 standards.

Fair Trade

Korea Circuit prohibits any actions that hinder fair competition, such as unfair trade, collusion, and abuse of transactional authority, to ensure fairness and transparency in all transactional relationships and adhere to a healthy market order. To achieve this, internal standards related to fair trade have been established and specified in ethics codes and ethical commitment guidelines, clearly guiding employees and partners on the principles they must adhere to during business and transactional processes. In particular, transactions with partners prioritize fair contract execution and mutual cooperation, with pre-reviews of significant contracts and inspections of high-risk transaction areas to manage potential unfair practices and legal violations in advance. Additionally, fair trade-related education and compliance inspections are conducted, and an anonymous and non-anonymous reporting channel called the "Report Center" is maintained, continuously announced on the internal website to encourage the reporting and prevention of unfair or anti-competitive practices. For confirmed shortcomings, improvement and prevention measures are implemented to continuously reinforce a responsible trading culture.

Whistleblower Center

As part of ethical and compliance management, Korea Circuit operates a Whistleblower Center that allows employees and stakeholders to safely report misconduct, unethical behavior, human rights violations, unfair trade, and fraud within the organization. The center is continuously promoted on the internal website each quarter to ensure that reports can be made at any time. Whistleblowers can report anonymously or with their identity via online, email, or offline methods, and reported cases are swiftly and fairly investigated by the audit office or related departments. The top priority is protecting the identity of the whistleblower and preventing any secondary damage, applying a zero-tolerance policy towards retaliation. Korea Circuit is committed to continuously improving the trustworthiness and accessibility of the reporting process to lead in cultivating a healthy and transparent organizational culture.

Whistleblowing Process