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Stakeholder Management

SK chemicals serves a key role in the development of society and the economy and contributes to the well-being of mankind by using SKMS as the basis for corporate management and creating value for stakeholders including customers, members, shareholders, and society through sustainable management.

  • Customers

    The company shall continue to satisfy and gain the trust of the customer and ultimately grow with the customer.

  • Members

    The company shall create an environment in which members can work voluntarily and enthusiastically, and the members shall contribute to the growth of the company and the creation of value for interested parties.

  • Shareholders

    The company shall increase its own value so that the value of shareholders can be created, and to this end, it shall enhance transparency and conduct efficient management.

  • Partner Companies

    The company shall grow together with its partner companies and compete with its competitors in a fair and equitable manner.

  • Society

    The company shall contribute to the development of society through social and cultural activities, as well as economic development, and comply with social norms and ethical standards.

Guidelines for Practice
  • Code of Conduct

    Diligently fulfill one’s duty
    Make sure they are not engaging in work that involves a conflict of interest
    Protect the company's assets and information
    Do not receive money or valuables or entertainment
    Respect other employees

  • Relationship with Competitors

    Win-win management / Fair competition with competitors

  • Attitude toward Customers

    Customer-centered management / Protection of customer information

  • Our Responsibilities for Society

    Our responsibilities for the society and the environment

  • Our Responsibility for Employees

    Human-centered management
    Safety and happiness of employees

  • Relationship with Business Partners

    Increase enterprise value
    Protect shareholder rights

  • Compliance

    Comply with fair trade laws and regulations / Fair trade practices under the principle of free competition

View more Ethical Management Guidelines
Close Ethical Management Guidelines
  • Purpose

    These “Code of Ethics Guidelines” (these “Guidelines”) aim to provide the criteria for specific actions and value judgment necessary for SK chemicals (the “Company”) executives and employees (“Members”) to properly understand and act upon the Company’s Code of Ethics.

  • Responsibilities of Members

    • Diligent Performance of Duties

      • Members shall be fully aware of their rights and responsibilities in accordance with the Company’s policy and perform their duties in good faith and trust.
    • Prohibition of Conflicts of Interest

      • Members shall act by putting top priority on the Company's interests if any conflicts of interest with the Company arise during the performance of their duties.
      • Members shall do their best to prevent any act or relationship that may cause conflicts with the Company's interest.
      • Examples of Conflicts of Interest

        • Using the Company's property or internal management information to obtain personal gains
        • Abusing the business position as means to exert undue influence on the Company’s business partners such as solicitation of any personal management, request for provision of various advantages, etc.
        • Engaging in secondary jobs to such extent that it impedes their diligent execution of duties
        • Contracting or trading with the Company directly or through a third party
        • Acquiring the shares of Company’s business partners that enable such Members to directly or indirectly exert influence over the partners through their job or performing management duties therein
    • Protection of the Company’s Assets and Information

      • Members shall not use or transfer/lease the Company’s assets to a third party for personal gains without the Company’s approval.
      • Members shall strictly protect the Company's intellectual property rights such as trademarks, patents, and copyrights.
      • If a situation that causes or may cause damage to the Company occurs, Members shall immediately report it to the Company and take measures to prevent and minimize such damage.
      • Members shall use the Company's budget appropriately and efficiently for the purpose and standards, and record such use in accordance with accounting standards and procedures.
      • Members shall not use the Company's undisclosed information learned in the course of performing their duties or provide it to a third party for personal gains.
      • Members shall not divulge or provide the Company’s information and trade secrets internally or externally without prior approval.
      • Company’s confidential information shall be kept secure in accordance with the information security policy, and prior approval shall be obtained for the disclosure of such information according to the established procedures.
    • Prohibition of Offering or Receiving Money, Entertainment, etc.

      • Members shall not offer money, entertainment, etc. to stakeholders for undue and unfair gains in relation to their duties.
      • Members shall not receive money, entertainment or other personal advantages from stakeholders such as Company’s business partners
      • Upon receipt of money or valuables against their will, Members shall return it without delay or report it to the Company.
      • However, in order to maintain a healthy relationship with stakeholders, gifts or meals of a reasonable level may be exchanged within the scope generally accepted by social norms. Detailed guidelines for the foregoing can be established and operated by each organizational unit.
    • Mutual Respect among Members

      • Members shall treat each other with respect and maintain the proprieties and dignity as SK members.
      • Members shall not be discriminated against on the grounds of gender, educational background, birthplace, marital status, race, nationality, religion, etc.
      • Members shall not engage in any sexual harassment that undermines healthy co-worker relationships and working atmosphere.
  • Attitude towards Customers

    • Customer-Oriented Management

      • The Company shall constantly strive to offer products and services customers need.
      • Customers’ diverse opinions shall be respected and actively reflected in the Company's management activities
    • Customer Information Protection

      • Customer property and information shall be safely protected in accordance with relevant laws and the Company’s by-laws.
  • Attitude towards Members

    • Human-Oriented Management

      • Members shall be fairly and rationally treated according to their capabilities and performance, and their personality shall be respected.
      • An environment for pursuing SUPEX shall be created so that Members can voluntarily and willingly make use of their brain the maximum possible.
      • The Company shall support Members' self-development activities and provide learning opportunities necessary for performing their duties.
    • Safety and Happiness of Members

      • The Company shall reorganize the system for the safety and health of Members and comply with related international standards, laws, and by-laws.
      • The Company shall ensure Members pursue happiness together with their colleagues by developing a spirit of challenge and creativity based on mutual trust and pride.
  • Relationship with Business Partners

    • Enhancing Corporate Value

      • The Company shall maximize its corporate value through transparent and efficient management and constant innovation, and share the results with shareholders.
    • Protection of Shareholder Rights

      • In order to protect the interests of shareholders, the Company shall prepare management data in accordance with all laws and standards, and faithfully disclose relevant information pursuant to laws and regulations.
  • Responsibilities to Members

    • Win-Win Management

      • The Company shall give fair trade opportunities to its business partners, not engage in undue acts using its superior position, and pursue mutual benefits and shared growth.
    • Fair Competition

      • The Company shall compete, in good faith, with competitors based on mutual respect.
      • Members shall not illegally or unethically obtain or use the competitor's trade secrets, recognizing that such obtaining or using is an act that may cause serious losses to the Company.
    • Win-Win Management

      • The Company shall give fair trade opportunities to its business partners, not engage in undue acts using its superior position, and pursue mutual benefits and shared growth.
    • Fair Competition

      • The Company shall compete, in good faith, with competitors based on mutual respect.
      • Members shall not illegally or unethically obtain or use the competitor's trade secrets, recognizing that such obtaining or using is an act that may cause serious losses to the Company.
  • Roles in Society

    • Roles in Society and the Environment

      • The Company shall contribute to social development through the pursuit of zero accidents and eco-friendly management.
      • The Company shall actively participate in social contribution activities so that the whole society can be happy.
      • The Company shall comply with all laws and regulations of the country where its businesses are operated and respect the traditions and culture of the local community.
  • Compliance with Laws and Regulations

    • All business activities at home and abroad shall be performed in compliance with all laws and regulations of the relevant country and in a way to respect for the customs of transactions.
    • All transactions shall be fairly carried out in accordance with fair trade laws and the Company’s by-laws in the principle of free competition.
    • Accounting Information shall be accurately recorded in accordance with relevant laws, corporate accounting standards and the Company’s by-laws, and shall not be manipulated or falsely reported.
    • Product quality and safety management shall meet relevant laws and customer requirements, and information on product functions and risks shall be accurately provided.
    • The Company shall observe domestic/overseas laws and international agreements related to safety, health and environment, and actively engage in activities to foster a safe working environment and protect the environment.
  • Application of the Code of Ethics and these Guidelines

    • Scope and Compliance Obligations

      • The Code of Ethics and these Guidelines shall apply to the Company (including domestic and foreign investment firms with management rights) and its Members.
        It is also recommended that the Company's stakeholders understand and observe the Code of Ethics.
      • Members shall take responsibility for complying with the Code of Ethics and these Guidelines, and if they have any questions on interpretation and application thereof, such Members shall consult with the head of the department, or the department in charge and shall act according to such interpretation.
    • Reporting Non-Compliance and Protection of Whistleblower

      • Members who become aware of a violation of the Code of Ethics and these Guidelines shall immediately report such incident to the head of the department or the department in charge so that the Company can promptly address such violation and protect itself and its Members from the consequences thereof.
      • Members shall not receive any disadvantages for legitimate reporting of acts of violation.
      • In the process of fact-checking such reporting, those who have cooperated with the investigation by making statements and providing data shall be equally protected as the whistleblower.
      • If the whistleblower receives disadvantages due to the report, he/she may request protective measures such as correction and department transfer to the Ethics Management Department. Such department shall check the facts and take measures to resolve the problems, and establish/implement measures to prevent recurrence, including sanctions on relevant persons.
      • The person in charge of investigation into such reporting shall keep the information secret so that the identity of the whistleblower and the reporting details are not disclosed against his/her will, and shall follow the guidelines for performance in Attachment 1.
      • Those who violate the foregoing whistleblower protection regulations shall be subject to sanctions in accordance with the personnel regulations and the reward and punishment regulations.
  • Organization in Charge and Reporting method

    • Organization in Charge

      • The Compliance Team shall be responsible for the operation of the Code of Ethics and these Guidelines. The above Ethics Management Department shall provide advice to Members, offer guidance/training for Members, and impose appropriate sanctions against those who violate the regulations.
    • Consultation/Reporting Channels

      • Inquiries/consultation or reporting channels regarding the Code of Ethics and these Guidelines are as follows. Whistleblowers can report by e-mail, telephone or postal mail, or in person, regardless of the format.
      • e-Mail : ethics@sk.com
      • Tel : 02)2008-2486 / 2008-2264 Fax : 02)2008-2109
      • Address: 310 Pangyo-ro, Bundang-gu, Seongnam-si, Gyeonggi-do, South Korea
  • Addendum

    • 1. This Code of Ethics and these Guidelines shall come into effect as of October 1, 2008.
    • 2. In violation of this Code of Ethics and these Guidelines, actions shall be taken pursuant to the Company’s by-laws.
  • 310 Pangyo-ro, Bundang-gu, Seongnam-si, Gyeonggi-do
    463-400 Korea [13494]
  • Copyright(c) SK chemicals. All Rights Reserved.

 

 

 

 

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