Ethical management means placing "corporate ethics" at the core of all business decisions and operations. It embodies a commitment to conducting business with transparency, fairness, and integrity.
At WooGene B&G, we adhere to all domestic and international laws, honor market principles, and lead the way in promoting fair trade practices.
We also respect social norms and customs, contributing to both national and community developments through meaningful social responsibility initiatives. To reinforce this commitment, Woogene B&G has established and actively implements a Code of Ethics, fostering a healthy, fair, and sustainable corporate culture.
We are dedicated to enhancing corporate value through proactive and efficient management practices, fostering sustainable growth and development for all stakeholders, including our shareholders. As a publicly listed company, we uphold our duties and responsibilities with the utmost integrity, striving to earn the trust and confidence of our investors.
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- 1. Protection of Shareholder Rights
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- We safeguard the rights of our shareholders and honor their legitimate requests and proposals.
- We ensure transparent and timely disclosure of management information to build mutual trust with shareholders and investors, while striving to maximize shareholder value.
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- 2. Fair Treatment
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- We treat all shareholders, including minority shareholders, with fairness and equality.
- We make management decisions that consider the interests of all shareholders, ensuring that the rights and interests of minority shareholders are not unfairly compromised.
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- 3. Proactive Information Disclosure
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- We record and manage accounting data in accordance with generally accepted accounting principles, ensuring transparency in our financial position and business performance.
- We provide accurate and timely management information in compliance with relevant laws, empowering investors and stakeholders to make informed decisions.
Our customers are the foundation of our growth and success. We prioritize customer satisfaction above all else in every decision we make, striving to deliver the highest-quality products and services.
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- 1. Respect for Customers
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- We always consider the customer's perspective, striving to deliver trusted, high-quality products and services that ensure customer satisfaction.
- We provide accurate information about our products and services and refrain from exaggerated promotions or advertising.
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- 2. Customer Protection
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- We safeguard our customers' interests, safety, and personal information, ensuring they are protected from any unfair practices.
- We respect and fully comply with all consumer protection laws and regulations.
We believe that building strong, mutually beneficial partnerships with our business partners is key to shared success. Based on trust and cooperation, we strive for coexistence and mutual growth.
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- Fair Competition with Competitors
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- We respect the principles of free competition and support a fair, free-market economy, competing with integrity and fairness.
- We uphold fair trade principles and fully comply with laws governing fair competition.
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- 2. Fair Transactions with Partner Companies
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- We promote mutual growth by building trust and fostering cooperative relationships through fair transactions with our partner companies.
- We do not abuse any superior position to impose unfair practices or exert undue influence.
We establish the necessary systems and actively support our employees in developing into autonomous and creative individuals. In return, employees enhance their skills and capabilities through self-directed personal development plans.
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- 1. Fair Treatment and Respect for Humanity
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- We do not tolerate unjust discrimination against employees and provide fair opportunities based on their skills and qualifications.
- We establish clear evaluation criteria for employees’ qualifications, abilities, and achievements, ensuring fair assessments and compensation.
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- 2. Creating a Positive Work Environment
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- We are committed to ensuring the health and safety of our employees and maintaining a secure work environment.
- We respect employees' autonomy and creativity, providing equal opportunities for personal growth while supporting talent development and self-fulfillment.
- We value the individuality and fundamental rights of our employees, fostering an environment where they can freely make suggestions and proposals.
We faithfully comply with all laws and regulations that a company must observe, and through healthy corporate activities driven by fair competition, we strive to develop the company while contributing to the prosperity of the nation and its people, as well as to social progress.
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- 1. Compliance with Domestic and International Laws
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- As a responsible member of both the nation and local communities, we comply with all relevant laws, regulations, and internationally recognized standards.
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- 2. Contribution to National Economy and Social Development
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- We contribute to the national economy and social development by enhancing productivity, creating jobs, making responsible tax payments, and engaging in various social contribution activities.
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- 3. Environmental Protection and Resource Conservation
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- We are committed to protecting nature and preserving a clean environment
Employees are the cornerstone of our company. Recognizing that each individual's ethical perspective shapes our corporate values, every employee is committed to being an ethical member of the organization by performing their duties fairly and responsibly.
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- 1. Establishing a Healthy Corporate Culture
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- Employees embrace the company’s management philosophy, align with its goals and values, and diligently fulfill their responsibilities in line with company policies.
- Employees contribute to fostering an organizational culture built on open communication and mutual trust among superiors, subordinates, and colleagues.
- Employees carry out their duties to the best of their ability, using lawful and proper methods while adhering to all relevant laws, regulations, and company policies.
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- 2. Prohibition of Conflict of Interest
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- Employees must strive to avoid any actions or relationships that may create a conflict of interest with the company. In cases where a conflict arises between the company and an individual or department, employees prioritize the interests of the company and act accordingly.
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- 3. Prohibition of Insider Information Use
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- Employees are prohibited from trading stocks using internal information acquired through their duties.
- Employees must not disclose undisclosed material information that could affect stock prices to third parties unless it is done through lawful procedures.
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- 4. Protection of Company Assets and Confidential Information
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- Employees must protect the company’s physical assets, intellectual property, and trade secrets, and must not use them for personal purposes.
- Employees are prohibited from pursuing personal gain by exploiting their position or engaging in unfair transactions using confidential information obtained through the company.
- Employees must not disclose important information that could affect the company’s interests to external parties.
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- 5. Prevention of Sexual Harassment
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- Employees must not engage in any language or behavior—whether physical, verbal, or visual—that could be deemed to cause sexual humiliation or disrupt healthy coworker relationships.
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- 6. Prohibition of Political Involvement
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- Employees must not engage in political activities during working hours or use the company’s organization, personnel, or assets for political purposes.
- While the individual political rights and views of employees are respected, employees must ensure that their political opinions or involvement are not misconstrued as representing the company’s stance.
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- 7. Prohibition of Receiving or Offering Money and Gifts
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- Employees must not accept money, gifts, or entertainment from stakeholders, such as business partners.
- Employees must not offer money, gifts, or entertainment exceeding socially acceptable norms to stakeholders in connection with company business.
- Employees must also refrain from exchanging money, excessive gifts, or entertainment among colleagues.
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- 8. Compliance with the Code of Ethics
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- All employees must faithfully comply with the Code of Ethics and take responsibility for any violations of the code.
- Employees must report to the department responsible for the Code of Ethics if they are coerced into unethical behavior or become aware of any improper conduct.
- In the event of a violation of the Code of Ethics, employees must ensure thorough investigation of the root cause and implement training to prevent recurrence.
- - Violations of the company's Code of Ethics and regulations, including the Internal Control over Financial Reporting.
- - Illegal, unlawful, or criminal acts related to employees' duties, such as embezzlement, breach of trust, fraud, theft, acceptance of bribes or entertainment, and accounting fraud.
- - Unlawful or improper directives issued by employees exploiting their position, targeting either internal employees or external stakeholders (e.g., solicitation, mediation, coercion).
- - Inappropriate use of company assets or information, or actions taken to gain undue advantages.
- - Other matters deemed likely to result in any of the aforementioned violations.