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Ethical Management

We comply with environmental and social responsibilities based on fair and transparent governance.

CEO Message for Ethical Management

We, SungEel HiTech, are doing our best to become a company that is trusted and respected
by faithfully fulfilling its obligations and responsibilities as a company that cherishes the value of people and resources.
Practicing righteous management by observing laws and ethics is the foundation that has made the present of SungEel HiTech.
It is also the best value standard to open the vision of SungEel HiTech toward the future.
Putting top priority on ethics and law compliance, our company attempts to become the best global resource recycling company.

When ethics and interests conflict, choosing ethics is the management philosophy of SungEel HiTech.
All executives and employees will always put ethics as the top priority for their judgment and actions.

Success without a healthy and desirable corporate culture is not sustainable. It cannot guarantee the happiness of our co-workers either. The Company will actively practice ethical management so that it can grow and develop with various stakeholders.

CEO Yi Kang-myung

Code of Ethics

As a company that cherishes the value of people and resources, SungEel HiTech does its best to grow and develop with various stakeholders, and strives to become a company that is trusted and respected by faithfully fulfilling its obligations and responsibilities.
To this end, we take the lead in establishing fair trade order by observing all domestic and international laws and market order,
respect social values and customs, and contribute to the development of the country and society.

Thus, the Company establishes a code of ethics to establish a sound and desirable corporate culture and actively practices it.

Responsibilities and Obligations for Customers

Customer satisfaction
  • With the belief that customers are the foundation of the Company's existence, we take customer satisfaction and customer respect as the top priority for all decisions and actions of the Company.
  • Recognizing that supplying the highest quality products in a timely manner is a shortcut to customer satisfaction and trust, the Company makes every effort to achieve this purpose.
  • The Company provides accurate information about products and services to customers and does not carry out exaggerated advertisement or advertising.
Customer protection
  • We keep our promises with our customers and ensure that all transactions
    are conducted according to the sound and fair trade order.
  • The Company does not disclose or provide customer information to the outside without the customer's prior consent.
  • The Company does not engage in unequal transactions or make unreasonable demands using its superior position.

Responsibilities and Obligations for Shareholders and Investors

Protection of Shareholders' Rights and Interests
  • The Company protects shareholders’ rights and respects reasonable demands and suggestions.
  • The Company faithfully discloses management information to build a relationship of mutual trust with its shareholders and investors and to maximize shareholders’ profits.
Equal Treatment
  • The Company treats all shareholders, including minority shareholders, fairly and equally.
  • The Company always considers the interests of all shareholders in making management decisions to prevent the interests or rights of minority shareholders from being unreasonably infringed.
Active Provision of Information
  • The Company records and manages its accounting data in accordance with generally accepted accounting principles to transparently provide financial status and business performance.
  • The Company provides accurate management information in a timely manner in accordance with relevant laws and regulations to help information users, including investors, make rational investment decisions.

Responsibilities and Obligations for the State and Society

Compliance with Domestic and International Laws
  • As a member of the country and local community, the Company not only complies with various laws, but also complies with all international laws and regulations.
Contribution to National Economic and Social Development
  • In order to contribute to the national economy, the Company contributes to the development of the national economy through productivity improvement, job creation, faithful payment of taxes, and social contribution.
  • The Company also fulfills the corporate social responsibility by carrying out various social contribution activities.
Disaster Prevention and Environmental Protection
  • The Company complies with all safety-related laws and domestic and foreign environmental laws, and strives to prevent and manage disasters and risks and preserve a clean environment.

Responsibilities and Obligations for Competitors and Business Partners

Fair Competition with Competitors
  • The Company respects the fair and free market economy order according to the principle of free competition and fairly competes with its competitors.
  • The Company respects fair trade order and complies with fair trade related laws.
Fair Trade with Business Partners
  • The Company pursues joint development by establishing mutual trust and cooperative relationships with business partners through fair and transparent work.
  • The Company does not force any unreasonable demands or actions by using its superior position, and concludes and complies with upright contracts.

Responsibilities and Obligations for Employees

Respect for Personality and Fair Treatment
  • The Company respects personality and privacy of each employee, does not discriminate unfairly based on regionalism, blood ties, sex, religion, age, disability, or marital status, provides equal opportunities according to abilities and qualifications, and provide reasonable rewards based on performance evaluated fairly.
Human Resources Development
  • The Company respects the autonomy and creativity of each employee and fairly grants job opportunities to improve their abilities, thereby enhancing job satisfaction and training talents to enhance work professionalism, and supporting the self-realization of employees.
Improvement of Quality of Life
  • The Company regards its employees as the most valuable asset of the Company, and creates conditions for work-life harmony and a work environment for health and safety according to job performance. In addition, the Company respects the independent personality and basic human rights of its employees and strives to create a mature organizational culture for free suggestions and proposals based on mutual trust.

Work Ethics of Employees

Establishment of a Sound Corporate Culture
  • Employees share the Company's management philosophy and empathize with the goals and values of the Company, and faithfully carry out the mission assigned to each of them according to the Company's business policy.
  • Employees create an organizational culture based on smooth communication and mutual trust between superiors/subordinates and colleagues within the Company.
  • Employees do their best to perform their assigned duties in a fair way and comply with all relevant laws and Company regulations related to their work.
Prohibition of Conflict of Interests
  • Employees make every effort to prevent any action or relationship that conflicts with the Company, and if there is conflict of interests between the Company and an individual or departments, they should think and act with the company's interests first.
Prohibition of Use of Inside Information
  • Employees should not trade stocks using inside information acquired in the course of business.
  • Employees should not provide undisclosed critical information that may affect the stock price to a third party without due process.
Protection of Company Property and Important Information
  • Employees should protect the company's physical property, intellectual property rights, and trade secrets, and do not use them for personal purposes.
  • Employees should not pursue personal gain using their position or engage in unfair trade practices using non-public information obtained from the Company.
  • Employees should not leak important information that may affect the Company's profits to the outside world.
Prevention of Sexual Harassment and Workplace Bullying
  • Employees should not engage in any language or behavior that harms healthy co-worker relationships, including physical, verbal, and visual language or behavior that is recognized as causing sexual humiliation.
  • Employees should not take advantage of their superiority in position or relationship at work to inflict physical or mental pain on other workers beyond the appropriate scope for work or to aggravate the working environment.
Prohibition of Political Involvement
  • Employees should not engage in political activities during working hours nor use the Company's organization, manpower and property for political purposes.
  • The suffrage and political views of individual executives and employees are respected, but their own political views or political involvement should not be misunderstood as the Company's position.
Prohibition of Giving or Receiving Money or Entertainment
  • Employees should not receive money, gifts, or entertainment from stakeholders such as clients.
  • Employees should not provide money, valuables, gifts or entertainment beyond the accepted social norms to stakeholders, such as clients, in connection with the Company's business.
  • Employees should not accept money or valuables or excessive gifts or entertainment with each other.
Prohibition of Information Leakage
  • Employees should not leak the Company's confidential information, new business information, trade secrets, and customer and business partner’s information to a third party without prior approval of the Company.
  • Employees may use the confidential information they possess only when it is related to their duties, and should not use it for personal gain or other purposes.
  • When leaving the company, employees should return all software provided by the Company, information and data obtained during work, and should not own any materials, including copies.
  • 부정/비리

    Corruption/ illegality

    Violation of legal and
    ethical standards by employees

  • 협의사·공급사 고충

    Grievances against partners/suppliers

    Matters that violate
    win-win
    management such as the Fair Trade Act

  • 조직문화 저해

    Disruption of organizational culture

    Issues that undermine
    organizational culture,
    such as workplace
    bullying and sexual harassment
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