Chapter 1 General Provisions

• 1. Purpose The purpose of this ethical standard is to provide standards for determining the behavior and value that executives and employees must observe in order to practice the spirit of the ethics charter in the management field.
• 2. Scope of application It applies to all employees at home and abroad.
• 3. Operation
  • Details are separately determined by the guidelines for the practice of job ethics for the implementation of this ethical code.
  • Executives and employees shall receive audit advice on unclear matters in interpreting and implementing ethical norms and job ethics practice guidelines, and if they are not stipulated in ethical norms and job ethics practice guidelines or disagree with interpretation, the audit office shall interpret and decide.

Chapter 2 Basic Responsibilities

• 1. Precision management For the implementation of this ethical code, HSG Sungdong Shipbuilding aims to become a trusted and respected company through management to the extent that it is faithful to the basics and complies with principles for customer satisfaction, realization of the value of executives and employees, and national and social development.
• 2. Establishing ethical values It continuously innovates management and strengthens growth power to increase corporate value, prevent unethical problems based on high ethical values of executives and employees, and ensure that stakeholders grow and develop together on a sound corporate culture.

Chapter 3 Customers and Subcontractors

• 1. Customer impressed Recognize that supplying the highest quality products in a timely manner is the best in customer satisfaction and customer emotion, and make efforts to achieve this.
• 2. Increase customer value Efforts are made to provide practical value to customers by providing the highest quality products with the highest priority in customer satisfaction.
• 3. Co-growth
  • It guarantees transparent and fair transaction conditions to provide fair opportunities to partner companies and does not use the company's superior status to force or exert influence on unfair behavior.
  • Support the promotion of ethical management of partner companies to develop a friendly partnership.

Chapter 4 Shareholders and Investors

• Establish a transparent management system, make fair decisions, and realize legitimate profits through efficient management activities.
• It seeks long-term and sound growth and development by increasing corporate value through continuous change and innovation.

Chapter 5 Employees

• 1. Creating a sound corporate culture All duties are always committed to creating a sound corporate culture by performing them fairly and reasonably.
• 2. Fair treatment Executives and employees shall not be treated unfairly in any case, and opportunities shall be given fairly according to their work ability and qualifications and abilities.
• 3. Fair performance of duties
  • Executives and stakeholders perform their duties based on mutual trust and do not take any form of financial interest that may hinder the fairness of judgment in relation to their duties.
  • By behaving properly according to high ethical values, the company maintains its honor and individual dignity and does not engage in immoral and unethical acts that damage it.
• 4. PROTECTION OF COMPANY ASSETS The company's assets must be protected and the company's assets are not used for personal gain.
• 5. Prevention of workplace sexual harassment It does not engage in any acts judged to be sexual harassment regardless of whether it is inside or outside the workplace.

Chapter 6 State and Society

• 1. Compliance with laws and regulations
  • We shall comply with national policies and laws and regulations and do our best for joint development with the local community through sound corporate activities.
  • It contributes to the establishment of a transparent social order and a fair competition order by complying with domestic and foreign accounting standards and complying with laws and regulations on anti-corruption and fair trade.
• 2. Environmental Protection It will establish eco-friendly factory facilities that consider the local environment, comply with domestic and foreign environmental laws, and endeavor to protect the environment and prevent pollution.

Chapter 7 Supplementary Provisions

• 1. Time of implementation
  • This Code of Ethics shall come into force as of October 1, 2010.
  • This Code of Ethics shall be implemented as of June 1, 2013.