Customer Support Reporting Center

Ethics & Compliance

POSCO group’s ethical management is based on our corporate philosophy of “doing the right thing in the right way.

Core Values

Three core values of POSCO group. Integrity: ‘My’ actions and decisions should always represent ‘Integrity’. We shall not seek personal interests at work and all decisions shall be made with the highest standard of justice and righteousness. Respect: We shall practice the value of ‘Respect’ for ‘others’. We shall protect the human rights of our co-workers and everyone with whom we interact in our business activities, embrace diversity, and treat each other with fairness. Mutual Empathy: Let us exercise ‘Mutual Empathy’ as a means to extend the boundaries that frame ‘we/us’. We can develop and grow together through mutual trust by paying attention to the voices of our stakeholders and by respecting the perspectives and rights of diverse populations.

Code of Ethics

Ethical Principles

Transparency Fairness Accountability Compliance

Reporting misconduct by POSCO group employees (bribery, embezzlement, improper entertainment, etc.)

Code of Conduct

Basic Ethics Compliance with laws and regulations Respect for human rights Fair trade

Specific standards for conduct and responsibilities that every employee must follow

Practice Guidelines

Prohibition of bribery Limits on entertainment and hospitality Prevention of conflicts of interest Protection of information

Detailed guidelines for implementing the Code of Ethics (12 provisions in total)

Ethics Charter and Programs & Training

  1. POSCO group aspires to become a trusted and respected enterprise by deeply understanding that ethical management is the greatest value we must uphold in order to co-exist and co-prosper with our many stakeholders as a member of society.
  2. Members of the POSCO family must comply with laws and ethics based on the ethical management philosophy of “doing the right thing in the right way,” while also seeking to achieve Integrity, Respect, and Mutual Empathy and establishing an ethical corporate culture in business activities that cover all the basics and comply with the rules.
  3. At the employee level, we must pursue individual growth and company success by achieving a work-life balance, and create a positive work environment by establishing a corporate culture of mutual respect. We must fulfill our duty to respect everyone as human beings and to respect the human rights universally pursued by human society.
  4. For our customers, we must understand that our future depends on customer trust and success. We must respect the customer voice at all times and create value that promotes customer prosperity.
  5. For our shareholders, we must enhance shareholder value by making fair profits through transparent decision making and efficient business activity.
  6. With our business partners, we must establish a fair trading system based on mutual trust and strengthen our corporate ecosystem in which we co-exist with our business partners through mutual growth.
  7. At the community level, we must contribute to the development of society by fulfilling our duties and obligations. We must be deeply aware of the importance of environmental issues and do our best to protect the environment in all of our business activities.
  8. POSCO family members must always be aware of the fact that our actions are directly linked to our self-respect as well as corporate value and reputation. We pledge to comply with the Code of Conduct and to ensure that ethics and integrity are at the heart of our culture and business operations.

Ethics Pledge

Every year, on the first work day in January, each employee makes a pledge to adhere to the Code of Ethics.

Special Terms on Ethical Practice

Our agreements with trading partners include special terms and conditions on ethical practice that include sanction provisions for Code of Ethics violation.

Ethics Session

An Ethics Session is organized to administer surveys to assess the ethical perception of managers and executives.

Gift Return Center

When a gift has been received from a stakeholder, drop it off at the Gift Return Center. The gift is processed and returned to the sender with a ‘Politely Declined’ sticker.

Lecture Honorarium Deposit Program

Honorarium received for outside lectures given by an employee is deemed company asset; therefore, employee deposits 50% of the compensation. (Employee keeps 50% to cover cost of travel and labor)

Clean POSCO System

The Clean POSCO System serves as a channnel for reporting ethical misconduct and provides protection for whistleblowers while preventing any disadvantage to them.