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Ethical
Standards

To ensure that our management complies with the law and common sense, Hanwha NxMD uses 'ethical management' as the basis for evaluating executives and staff members’ conduct and value judgments across all management activities, thereby ensuring a transparent and fair management. Through the ethical management guideline, we are able to minimize the risk of misconduct by members and partner companies due to moral lapses, and aim to continue making proposals for a more ethical and responsible management.

Guidelines

Money and other valuables

Refers to cash, securities, goods and other economic benefits.

Entertainment

Refers to benefits including meals, drinks, sports (such as golf), and games

Convenience

Refers to cases in which economic loss is incurred to the other party to provide accommodation, transportation, tour guide, support for events and other conveniences aside from money and valuables and provision of entertainment.

Unavoidable cases

Refers to cases in which a gift was either impossible to refuse due to one’s absence, impolite to insist on turning down against the provider’s goodwill, or was received through a family member, relative, or an acquaintance.

Socially acceptable cases

Refers to cases in which the gift was given with pure intentions, voluntarily, and without any expectations of remuneration. Such cases can be permitted to a limited extent insofar as they fall within the specified limits.

Interested party

Refers to any person, corporation, or other organization whose right or interest is affected by an act or decision carried out by an executive or employee of the company concerning the company’s business. Interested party includes executives and employees within the company who are hierarchically and business-wise related.

Pecuniary transactions

Receiving money, entertainment, conveniences, gifts (goods), etc.

Partners

Refers to all individuals, corporations and other organizations that have business relationships with Hanwha NxMD