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Sustainability

Ethical Management

홈

Compliance Message

There is global demand for strict compliance with fair trade and corruption prevention laws. If a company violates these laws, the punishments can be severe – indeed, its very existence can be put at risk by a hefty fine or the payment of substantial damages.

In order to prevent such possible risk and encourage our employees practice ethical management, LOTTE Fine Chemical operates a comprehensive and strict compliance program.

Compliance
Program
prevent such
possible risk
encourage
employees
practice ethical
management

LFC set an internal compliance management process and carries out various compliance programs, which help employees make compliance a part of their daily working lives. The Head of our Management Support Division is the top executive responsible for compliance, and we have set up a Compliance Management Team, and a Compliance Secretariat in different regions.

Everyone at LOTTE Fine Chemical has committed to the following as part of our compliance management.

  1. 01
    All employees will comply with all work regulations, including fair trade regulations, at all times.
  2. 02
    If a violation of the law is suspected or becomes an issue, employees must refer to the relevant manual or other handbook to make sure that they are strictly observing regulations. If in doubt, employees must engage in prior discussion with the Compliance Management Team for a clear understanding of and compliance with regulations and laws.
  3. 03
    All employees will actively cooperate with the company in its compliance-related activities, including the compliance program.
  4. 04
    Anyone violating these policies or committing an illegal act will be subject to strict sanction, according to company regulations and/or police action.

Compliance is no longer a choice but a must. Violation does not result in the violator’s punishment alone – instead it is an act that threatens the existence of the entire company.

LOTTE Fine Chemical will therefore make strong, global standard commitment to compliance an essential part of our development into a world-leading specialty chemical company.

Thank you.

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