Code of Ethics - CP (Compliance Program)

CP (Compliance Program)

Ethics Regulations

Having established and declared the Ethics Charter and the Code of Ethics in May 2000, DL E&C has developed the ethics management system.

Ethics Charter

Expresses DL E&C’s values by practicing righteousness management as a corporate culture
Code of Ethics

Standards of proper behaviors and value judgment that should be observed by employees (consisting of 5 chapters) Basic ethics, attitudes toward customers, fair trade and competition, responsibility for employees, and corporate social responsibility
Oath to Practice the Code of Ethics

An oath to practice the Code of Ethics Subject: All executives and employees

CHARTER OF BUSINESS ETHICS

Charter of Business Ethics | Values of DL E&C which conducts integrity management as corporate culture

Full Text of the Ethics Chapter Download

With full awareness that integrity management is the driving force of corporate competitiveness, we, the employees of DL E&C, are determined to enact and practice the charter of business ethics as the standard of value assessment and code of conduct in order to build integrity and trust-based corporate culture.

Based on integrity and trust, we dutifully observe the internal rules of ethics and applicable laws and take the initiative in building an honorable and principled corporate culture.
We respect our customers and value their confidence. In addition, we achieve customer satisfaction and gain their trust by providing services which can create customer values.
We practice fair competition in all business activities and pursue mutual benefits and prosperity by building mutual trust and cooperative relationship through Open and transparent transactions.
We respect our employees, make our best efforts to provide opportunities to nurture creativity and conduct impartial evaluation.
We protect shareholders’ profits, create a comfortable and prosperous life for customers and contribute to community development by evolving into a dependable company through rational business activities.

CODE OF BUSINESS ETHICS OF DL E&C

Standards of proper behaviors and value judgment that should be observed by employees

Full Text of the Code of Ethics Download

DL E&C shall grow and evolve to become a global company and fulfills our duties as a forerunner with the management principles of ‘Creation of Future,’ ‘Human Respect’ and ‘Customer Trust’ based on the corporate philosophy of ‘Creation of Comfortable and Prosperous Life’ and ‘Infinite Growth and Development.’

[purpose of establishmen]
For this, we enact the Code of Business Ethics for the directors and employees of DL E&C as objective standards to assess proper and decent behavior and to be observed dutifully in all business activities.

[A range of application]
DL ENC Code of Ethics applies to all of executives and employees(including nonregular workers)including domestic and overseas corporations and branches, subsidiaries and sub-subsidiaries, and executives and employees of joint ventures.

Chapter I Basic Ethics for Employees

All employees of DL E&C shall perform all duties based on integrity and trust without violating ‘the Hansup Spirit’ and complete their duties through just practices.

1. Establishment of an Honorable Corporate Culture

A) We share the management philosophy of the Company, understand the common goals and values set by the Company and fulfill our duties according to the corporate policies.
B) We shall develop organizational culture based on clear communication and mutual trust among colleagues.
C) We shall perform our duties diligently in a fair manner and observe the internal regulations of the Company and applicable laws.

2. Duty of Good Faith

A) We shall perform our duties with due care to avoid causing damages, intentionally or recklessly, to the Company.

3. Conflicts of Interest

A) We shall NOT engage in any activities which are against the interest of the Company. If there is a conflict of interest with the Company or among teams, we shall serve the interest of the Company as our top priority.

4. Fair Practices

A) We shall fulfill our obligations in an honest and fair manner and make our best efforts at all times to build an honorable corporate culture.
B) We shall NOT engage in any immoral or unethical acts which could tarnish the Company’s name.
C) We shall NOT obtain any wrongful profits by abusing our position.
D) The scope of prohibited actions and the standards of conduct related to the employee’s performance of their duties shall be as follows:

5. Prohibition on Acceptance of Bribery

A) Terminology
① Employees: All individuals who engage in the business activities of the Company including directors, staffs, professionals and dispatched workers
② Money and gifts: Economic profits including money (cash, gift certificate, etc.) and goods
③ Entertainment: Meal, alcohol, golf, art and cultural performances, entertainment, etc.
④ Accommodation: Means of transportation, lodging, tourism, event sponsorship, etc.
⑤ Interested Parties: Employees, customers, partners and government employees whose rights and/or interests may, directly or indirectly, influence and/or be influenced by our business activities
B) Prohibition on Acceptance of Money, Gifts, Entertainment and/or Accommodation
① Employees shall NOT request or receive any money, gifts, entertainment and/or accommodation from any interested parties. If money or gift is unwittingly received, however, it must be returned immediately. If it CANNOT be returned, ‘Unwanted Money/Gift Receipt Report’ must be written and submitted to the Bureau of Ethics Management along with the money and/or gifts received.
② Employees shall NOT provide money or gifts and entertainment or accommodation exceeding the scope of social norm to any interested parties including suppliers.
③ Excessive acceptance of money or gifts, entertainment or accommodation is prohibited among employees. In addition, employees shall not engage in unnecessary formalities such as sending congratulatory gifts.

6. Prohibition on Solicitation for Employment

A) Employees shall NOT make requests relating to employment or promotion on their behalf or on behalf of acquaintances.

7. Prohibition on Monetary Transactions with Interested Parties

A) Employees shall NOT engage in debt transactions (ex: Loans, guarantees, etc.) with interested parties.

8. Protection of Assets and Important Information of the Company

A) Employees shall protect the tangible and intangible assets of the Company (ex: Manpower, equipment, supplies, copyright, trade secret, etc.) and NOT use them for personal purposes.

9. Information Security

A) Employees shall NOT disclose material information which could have a significant impact on the profits of the Company.

10. Prohibition on Internal Trade

A) Employees shall NOT pursue personal profits by taking advantage of their position and engage in unfair transactions with confidential information acquired during the performance of their duties.

11. Prohibition on Sexual Harassment

A) Employees shall NOT engage in any inappropriate and/or offensive physical or verbal sexual advances which could destroy relationships among colleagues.

Chapter II Attitude towards Customers

We shall respect our customers and value customer confidence as a creator of ‘Comfortable and Prosperous Life.’ We achieve customer satisfaction and gain their trust by providing services that creates customer values.

1. Customer Respect

A) We shall always be fully aware of our customers.
B) We shall serve our customers closely and be attentive to their voices.
C) We shall always think of our customers and make a decision from their perspective.

2. Customer Confidence

A) We shall fulfill promises made with our customers or vendors.
B) We shall maintain reliability of our products and services.
C) We shall NOT engage in any activities which exceed the scope of social norm and societal expectations.

3. Customer Value

A) We shall recognize and analyze our customers’ diverse needs and demands.
B) We shall provide services which create customer values.
C) We shall provide general services which can strengthen internal competence.

Chapter III Fair Transaction and Competition

We observe all applicable laws and regulations for our business activities, compete with others in a fair manner, build mutual trust and cooperative relationship through fair business practices and pursue common profits and shared growth with our partners.

1. Respect for Laws and Commercial Practices

A) We shall observe all applicable laws in each country and respect commercial practices in conducting our business activities.
B) We shall adhere to OECD Anti-Bribery Convention in conducting international business transactions.
C) We do not engage in any transactions or actions related to money laundering of customers, subcontractors, stakeholders, other institutions, corporations and individuals. And we comply with relevant domestic and international laws and agreements.

2. Fair Competition

A) We shall satisfy our customers with the highest quality and services, gain customer confidence and stay competitive through a fair and free competition.
B) We shall NOT violate the profits of competitors in an unfair manner, nor take advantage of their weakness in a dishonest manner.
C) Prohibition of anti-competitive (monopoly, collusion) acts
(1) We shall not engage in acts that may impede fair competition through unfair trade, such as abusing our market dominance or abusing our trading position.
(2) We do not agree to engage in acts that unreasonably disturb fair competition with other business operators regarding product price, participation in bidding, transaction conditions, etc.

3. Fair Transaction

A) All transactions shall be conducted according to fair trade conditions and procedures on equal terms.
B) Any unfair acts such as bribery or violation of bona-fide transaction shall be prohibited.

4. Shared Profits and Development

A) We shall establish collaborative relationship to build open and transparent business environment.
B) We shall promote technology improvement and development and pursue shared profits and development by lifting community spirit.

Chapter IV Obligations towards Employees

We shall respect our employees and treat them fairly based on their capabilities and achievements. In addition, we shall take necessary actions for employees’ health and safety and provide opportunities to nurture their creativity.

1. Human Respect

A) We shall treat each employee with respect.
B) We shall make employees feel proud and satisfied.

2. Nurturing the Talent/p>

A) We shall offer an opportunity for self-development and growth to develop autonomous and creative talents with sound moral consciousness.

3. Fair Treatment

A) We shall establish and disclose standards for capability and achievements assessments and give fair evaluation and compensation.

4. Prohibition on discrimination

A) We shall treat the employees equally without any discrimination.

5. Responsibilities on Health and Safety

A) We shall take necessary measures for our employees’ health and safety at work.

Chapter V Corporate Social Responsibility

We protect shareholders’ profits, create a comfortable and prosperous life for our customers and contribute to community development by evolving into a dependable company through rational business activities.

1. Contribution to National and Community Development

A) We shall keep developing values for the Nation and the community.
B) We shall NOT engage in business activities which may be an obstacle for the national and community development and respect social values in all our business activities.
C) We shall offer a convenient and comfortable life by improving the quality of products and services through continuous technology development.

2. Protection of Shareholders

A) We shall protect our shareholders’ interests through realization of profits and prudent investments.
B) We shall make continued efforts to enhance corporate values through disclosure of corporate information, publicity and Investor Relations (IR).

3. Environmental Protection

A) We shall strictly observe the environmental regulations and international conventions on environmental protection.
B) We shall make continued efforts to minimize negative environmental effects from our business activities, products and services. In addition, we shall reduce consumption of resources and practice recycling and prevention of environmental pollution.
C) We shall provide appropriate education and training programs to encourage all employees to participate in activities for the environmental management and to become aware of the importance of the environment.
D) We shall assert best efforts for development of technologies to prevent environmental pollution.

4. Political Neutrality

A) Employees shall NOT engage in political activities during working hours or use the organization, manpower and assets of the Company for political purposes.
B) Each employee’s political rights and opinions shall be respected. However, individual opinions should NOT be interpreted as the stance of the Company.

<Supplementary Provisions>

1. Preparation of the Code of Business Ethics Commitment Oath

A) All employees shall be fully aware of the Code of Business Ethics and take an oath to assert their best efforts to observe the Code to maintain dignity and integrity as members of DL E&C.

2. Reporting of violations and accepting bribes

A) Any violation of the Code of Business Ethics must be reported to the Bureau of Ethics Management at the earliest and the most convenient instance.
B) Any money and/or gifts accidentally received from an interested party that cannot be returned, ‘Unwanted Money/Gift Receipt Report’ must be written and submitted to the Bureau of Ethics Management along with the money and gifts received.
C) Contact ① TEL: 02-2011-8295 ② FAX: 02-2011-8019 ③ E-mail: ethic@dlenc.co.kr
D) whistleblower protection
All of disadvantage and discrimination against whistleblowers who report violations of the ethics are prohibited, and the the confidentiality of identity of whistleblower and contents of the report are guaranteed. If retaliation against the reporter is found, disciplinary action will be taken against the employee who committed the retaliatory act.

3. Rewards and Disciplinary Actions

A) Employees who have observed the ethics management and made a contribution to ethics management activities shall be rewarded.
B) Employees who have violated the Code of Business Ethics and the commitment guidelines shall be disciplined in accordance with the internal regulations.

4. Interpretation

A) If issues relating to the ethics management of the Company arise, which has not be contemplated in the Code of Business Ethics or, if dispute arises in its interpretation, it shall be interpreted according to the applicable laws and by the Management Consulting Team.

5. Priority over other internal regulations

A) The Code of Business Ethics shall have priority over other internal regulations.

Oath to Practice the Code of Ethics

An oath to practice the Code of Ethics

Written Oath to Practice Download

I have carefully read and am fully informed of the Code of Business Ethics and Code of Business Conduct and Ethics. I pledge to observe the Code dutifully and actively participate in the Company’s ethics management.

In particular, I will observe the following provisions at all times during the performance of my duties and obligations, and I agree to accept any punishment for violating the Oath.

Prohibition on acceptance of money, gifts, entertainment and/or accommodation

① Employees shall NOT request or receive any money, gifts, entertainment and/or accommodation from any interested parties.
② Employees shall NOT provide money or, gifts and entertainment or accommodation exceeding the scope of social norm to any interested parties including suppliers.
③ Any money or gift offered shall be politely rejected or returned.
* Interested parties: Employees, customers, partners and government employees whose rights or interest may, directly or indirectly, influence and/or be influenced by our business activities

Prohibition on monetary transactions with interested parties

① Employees shall NOT engage in debt transactions (ex: Loans, guarantees, etc.) with interested parties.

Protection of assets and important information of the Company

① Employees shall protect the tangible and intangible assets of the Company and NOT use them for personal purposes.
② Employees shall NOT disclose material information which could have a significant impact on the profits of the Company.

Prohibition on acquiring wrongful profits or engaging in acts which cause loss to the Company by abusing their position

① I hereby agree that I will dutifully provide details on financial transactions and personal information when requested by the Company to prove that I have NOT engaged in an unfair transaction or violated the Code of Business Ethics.

Ethical Management Training

DL E&C conducts ethics training every year for all employees including both permanent and part-time employees. Starting in 2023, we are expanding consensus on practicing ethical management by providing ethics education materials to our contractors. Ethics training covers major ethical management issues, such as the code of ethics and practice guidelines that form the basis of our ethical management and anti-corruption. We plan on quantitatively and qualitatively improving our ethics education programs for managements, board of directors, and contractors every year to reflect the rapidly changing internal and external business environment.

Detail	Period	Note
Ethics training and pledge to practice the code of ethics for all employees	January	For all employees (permanent, part-time included)
Ethics training for new hired employee	January	-
Ethics training for experienced employee	Always when hiring	-
Operation of compliance monitoring and ethical management training completion system	Once a month	Director, general affairs, construction manager, public affairs team leader, new hired/experienced employees
Ethical management with contractors	Once a year	Core contractors

1. Ethical Management Pledge for All Executives and Employees (2022)

In January 2022, all DL E&C executives and employees pledged to comply with the company's code of ethics and practice guidelines for transparent business processing such as anti-corruption and information protection, etc.

2. Ethics and Compliance Training for All Executives and Employees (2022)

DL E&C regularly operates training courses to raise awareness of ethical and compliance management so that all executives and employees put ethical values first in their work. 1. Ethics and Compliance Training for all executives and employees (Aug. 2022)
2. Ethics and Compliance Knowledge Session for executives (May~Jun. 2022)
3. Ethics and Compliance Training for newly hired employees (Mar. 2022)
4. Ethics and Compliance Training for experienced employees (Jun.~Aug. 2022)

Training for all executives and employees
Knowledge Session for executives
Training for newly hired employees
Training for experienced employees

3. 2023 Ethics training with Contractors

DL E&C conducts ethics training with its partners every year and strives to establish a proper corporate culture of ethical management. (2023. September 947 Contractors)