K Auction creates a transparent and sound corporate culture by practicing the Code of Ethics.
- Full Code of Ethics
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Our company strives to grow and develop with all parties of interest including shareholders by improving corporate value through progressive and efficient management activities and become a trusted company by faithfully fulfilling our duties and responsibilities as a publicly traded company. Our company abides by all domestic and foreign laws and market order, leads in establishing fair trade order, respects social values and customs, and contributes to the development of the country and society through various philanthropic activities. Accordingly, our company enacts and actively practices the Code of Ethics to promote a sound and fair corporate culture.
- Ⅰ. Position Towards Shareholders and Investors
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1. Protection of Shareholder Rights and Interests
- - The company shall protect the rights of shareholders and respect any reasonable demands and suggestions of shareholders.
- - The company shall diligently disclose management information to build mutual trust with shareholders and investors and strive to maximize shareholder value.
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2. Equal Treatment
- - The company shall protect the rights of shareholders and respect any reasonable demands and suggestions of shareholders.
- - The company shall diligently disclose management information to build mutual trust with shareholders and investors and strive to maximize shareholder value.
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3. Active Provision of Information
- - The company shall record and manage accounting data in accordance with generally accepted accounting principles to provide transparent financial status and management performance.
- - The company shall provide accurate management information in a timely manner in accordance with relevant laws and regulations so that information users, such as investors, can make rational investment decisions.
- Ⅱ. Position Towards Customers
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1. Respect for Customers
- - The company shall always think and act from the customer's point of view and strive to realize customer satisfaction by providing the best products and services satisfactory and trustworthy to customers.
- - The company shall provide customers with accurate information about products and services and shall not engage in false advertisement.
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2. Customer Protection
- - The company shall protect the interests, safety, and personal information of customers and shall not engage in inequitable acts against customers.
- - The company shall respect and comply with consumer protection laws.
- Ⅲ. Position Towards Competitors and Partners
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1. Fair Competition with Competitors
- - The company shall respect the order of a fair and free market economy based on the principle of free competition and compete fairly with competitors.
- - The company shall respect fair trade order and comply with fair trade laws and regulations.
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2. Fair Trade with Partners
- - The company shall pursue collective development by establishing mutual trust and cooperative relationships with partner companies through fair trade.
- - The company shall not force or influence any form of unfair behavior by utilizing its position, superior or otherwise.
- Ⅳ. Responsibility to Employees
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1. Fair Treatment
- - The company shall not discriminate unfairly against its employees and shall grant fair opportunities according to each employee’s abilities and qualifications.
- - The company shall establish evaluation standards for the qualifications, abilities, and achievements of its employees to ensure fair evaluation and appropriate compensation.
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2. Creation of an Ideal Working Environment
- - The company shall strive to provide for the health of its employees and create a safe work environment.
- - The company shall respect the autonomy and creativity of each employee and provide them with fair opportunities to improve their capabilities to support self-realization along with talent development.
- - The company shall respect the individual identities and fundamental rights of employees and create an environment conducive to free suggestion and proposal.
- Ⅴ. Corporate Social Responsibility
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1. Compliance with Domestic and Foreign Laws and Regulations
- - As a member of the country and local community, the company shall not only comply with various Korean laws and regulations, but also with international laws and regulations.
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2. Contribution to National Economic and Social Development
- - The company shall contribute to the national economic and social development through productivity improvement, job creation, payment of taxes, and social philanthropy.
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3. Environmental Protection
- - The company shall strive to protect nature and preserve the environment.
- Ⅵ. Fundamental Ethics of Employees
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1. Establishment of a Sound Corporate Culture
- - Employees shall share the company's management philosophy, empathize with the goals and values pursued by the company, and diligently carry out their assigned duties according to the company's business policies.
- - Employees shall create an organizational culture based on smooth communication and mutual trust between superiors, subordinates and colleagues within the company.
- - Employees shall strive to perform their assigned duties legitimately and lawfully and comply with all relevant laws and company regulations.
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2. Prohibition of Acts Relating to Conflict of Interest
- - Employees shall strive to avoid any act or relationship that gives rise to a conflict of interest with the company, and in the event of such conflict between the company and individuals or teams, shall prioritize the company's interests and act accordingly.
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3. Prohibition of Insider Information Usage
- - Employees shall not undertake stock trading by utilizing internal information obtained in the course of their duties.
- - Employees shall not provide non-public key information that may affect stock prices to third parties without following legal procedure.
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4. Protection of Company Property and Important Information
- - Employees shall protect the company's physical property, intellectual property rights, trade secrets, etc. and shall not use them for personal purposes.
- - Employees shall not pursue personal gains using their positions or engage in unfair trade practices using non-public information obtained from the company.
- - Employees shall not disclose key information that may affect the company's profits to external parties.
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5. Prevention of Sexual Harassment
- - Employees shall not engage in any language or behavior that harms healthy relationships between them, including physical, verbal, and visual language or behavior recognized to cause sexual humiliation.
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6. Prohibition of Political Involvement
- - Employees shall not engage in political activity within the company during working hours and shall not use the company's organization, manpower, or property for political aims.
- - The individual rights and political opinions of individual employees are respected but each individual’s political view or political involvement must not be misconstrued as reflecting the company's official position.
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7. Prohibition of Receiving Money, Valuables, or Entertainment
- - Employees shall not receive money, valuables, or entertainment from parties of interest such as business partners.
- - Employees shall not provide, in the process of company business, money or valuables or any gifts or entertainment beyond levels accepted by social norms to parties of interest such as business partners.
- - Employees shall not exchange money, valuables or excessive gifts or entertainment with one another.
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8. Compliance with the Code of Ethics
- - All employees must faithfully comply with the Code of Ethics, and in case of violation, take responsibility for their actions.
- - Employees must report to the department in charge of conducting the Code of Ethics if they are forced to act against it or become aware of a violation.
- - When a violation of the Code of Ethics occurs, employees must prevent recurrence by thoroughly investigating the cause and undertaking relevant training and education.
K Auction operates a channel to file consults and/or reports concerning unethical business practices, violations of the Improper Solicitation and Graft Act, and other improper actions conducted by K Auction’s employees. The identity of the reporter and the contents of the consult/report shall be protected under any and all circumstances; therefore, please do not hesitate to submit reports through the e-mail address below. (Please note that false statements without factual basis or matters related to personal privacy may not be processed.)
Report Email
Email : ethic@k-auction.com
For service inquiries, please contact our customer service.
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