Principles

Hankook & Company practices ethical management, contributes towards increasing corporate value and national status as a global company,
fulfills corporate social responsibilities, and pursues solid and sustainable growth with all of its stakeholders, including customers, business suppliers,
local communities, and employees.

Therefore, we shall set the following “Ethical Management Policy” as the standards for our value judgment and the pattern of behavior, and fully implement the policy:

• 1. Our goal is to become an ethical company that adheres to domestic and foreign laws and regulations, and corporate management policies, and practices the righteous management.
• 2. We put the customer first and supply good-quality tires, thereby assuring the best driving experience.
• 3. We strive to raise the value of our shareholders through rational decision-making and righteous management.
• 4. We provide equal and fair opportunities to our employees for self-realization and bring forth a smart workplace oriented towards innovation in every aspect of our business processes.
• 5. We comply with international agreements and various regulations, respect local laws and cultures, and take shape as the leading global tire company.
• 6. We exercise our proactive leadership skills, respect and practice ethical behaviors at the forefront.

Transparent ethical management

We continue to monitor ethical risks and strive to build a solid ethical culture internally to raise awareness of ethical management.

Regular ethical management training

Through regular ethics management common training, we are increasing the ethics awareness of executives and employees.
In addition, educational content is subdivided by position, work characteristics, and region to support customized training in each position.

Establishment of ethical regulations

We have established and disseminated ethical regulations that all executives and employees must comply with, and we are continuously updating them by collecting the needs of external stakeholders such as carmakers and external evaluators.
By updating Zero-Tolerance (action in case of violation of ethical regulations), money laundering (contribution to the country and society), internal transactions (partnership with partners), fair trade (responsibility to customers), Charitable Sponsorship (contributions to the country and society), compliance with import and export-related regulations (contributions to the country and society), and express fees (global companies), we've established more systematic regulations.

Awareness campaign

In order to raise awareness of unethical behavior and practice it, campaigns to improve ethical awareness, such as the "Do not give or receive gifts on holidays" campaign, are implemented every year.

Hankook & Company Code of Ethics

The safety and health management policy of Hankook & Company is to prevent injuries and health hazards related to the work of workers, and provide a safe and healthy workplace for organizations to eliminate risk factors, and minimize safety and health risks by taking effective preventive and protective measures.

To achieve this, all executives and employees shall make resolutions and act as follows.

In order to achieve the highest level of safety and health management, we recognize it as the top priority in our management strategy and continuously carry out activities to prevent all injuries and occupational diseases.

We comply with safety and health laws and other requirements, evaluate the impact on safety and health, set safety and health goals, and periodically review and improve them.

To ensure the safety and health of all workers, we eliminate risk factors, reduce safety and health risks, and take the lead in continuous improvement activities and education and training of the safety and health management system.

Establish a communication system with workers, worker representatives, and all stakeholders to provide information, consult, and participate so that they actively participate in safety and health management activities.

Hankook & Company safety/health policy is not only for employees of the company. It applies to all workers, including contractors and external partners.

All executives and employees will understand this safety and health management policy. Fulfill their respective responsibilities in establishing a safety and health management system.

Hankook & Company’s environmental management policy is to protect and improve the business domains, local communities, and the global environment as the highest priority, implement a management philosophy with environmental protection and improvement as a management task and develop continuous activities to reconcile with business activities.

To achieve it, we make the following resolutions and actions.

• - Develop environmental improvement activities to voluntarily comply with external laws, regulations, and agreements related to business activities.
• - Identify and evaluate elements that significantly impact the environment in business activities and take corrective actions to minimize these factors.
• - Fulfill our environmental commitments, including stakeholders, and establish and implement environmental management plans to continuously improve them.

All executives and employees understand this environmental policy and fulfill their responsibilities to achieve the set goals.

Global Environment Protection

We are making generous investments and continuous efforts for the future of the global environment.

Business Site Environment

We minimize the environmental impact at business sites by reducing the use of resources required in the manufacturing process of products and preventing the leakage of harmful and polluting substances.
Furthermore, we will expand resource recycling and recovery to open the Green Survival era, where human survival and corporate activities can coexist.

• - Set up environmental objectives to practice environmental management and strive to achieve them
• - For the safe use of chemicals, review their environmental and health impacts, use them safely and dispose of them properly
• - Reduce the use of resources such as raw and subsidiary materials and water related to products and services
• - Minimize energy use and reduce greenhouse gas emissions by improving energy efficiency and using renewable energy
• - Minimize effects on the environment such as water pollution, air pollution, soil pollution, groundwater pollution, and waste generation from product manufacturing activities

Protection of Water Resources

In order to protect water resources essential to humans and the ecosystem, water pollutants managed according to internal standards that are stricter than legal standards, and water recycled during the production process.

• - Reduce water usage and increase recycling

Product Liability

Since the environment is an essential management element for corporate sustainability, we recognize the environmental impact of the manufacturing process and product use as our responsibility. We are continuously researching ways to reduce environmental impact by considering the entire product life cycle starting from the design stage.

• - Research and development of eco-friendly products
• - Expand the usage of sustainable raw materials

Climate Change

Recognizing that climate change is an urgent global issue that will have a devastating impact on future humanity and ecosystems, working to fulfill the role and responsibility of companies.
Hankook & company supports the Paris Agreement and will join in reducing global greenhouse gas emissions and implementing climate change adaptations to curb global temperature increases to within 1.5℃.

• - Reduce energy usage
• - Use clean energy
• - Introduction of innovative reduction technologies

Hankook & Company fulfills its corporate social responsibilities and pursues solid and sustainable growth with all stakeholders including customers, business partner, shareholders, communities, and workers. Based on quality management, Hankook & Company actively practices ethical norms as a standard for our value judgment and behavior.
Hankook & Company requires that the "Hankook & Company partner sustainability guidelines" be shared, respected, and complied with the partner in order to grow together with them. This partner sustainability guidelines applies to all sub-supply chains (hereinafter referred to as the "Partner") that do not have a direct contractual relationship with Hankook & Company, as well as to the agents, agents, and contractors of Hankook & Company and workers of Hankook & Company. Hankook & Company distributes this partner sustainability guidelines to the partner prior to entering into any business relationship. The partner shall be aware of the content of this partner sustainability guidelines before entering into any business relationship, share and educate workers, and promise to comply with the content of these Guidelines.
Hankook & Company can evaluate whether its suppliers faithfully comply with the content of these guidelines and, if necessary, conduct audits such as on-site visits. Hankook & Company guarantees the confidential information protection of suppliers and may require the submission of relevant documents for evaluation. If it is deemed necessary to conduct an audit, such as an on-site visit, Hankook & Company will proceed with the on-site visit after prior notice to the suppliers. The suppliers are obligated to faithfully respond to the evaluations required by Hankook & Company and to immediately notify Hankook & Company of any content that violates these guidelines or is likely to be violated. If the negative social and environmental impacts arising from violations of these guidelines are deemed significant, Hankook & Company may stop doing business with the suppliers at any time.
 

• 1. Business ethics, regulations, rules (Compliance)
  • 1) Partner must comply with the laws and regulations of the region and country in which the place of operation belongs.
  • 2) Partner is responsible for complying not only with its Code of Ethics, but also with this Hankook & Company partner sustainability guidelines.
  • 3) Hankook & Company is responsible for informing stakeholders that it is fulfilling its corporate social responsibilities by disclosing ESG performance. To this end, Hankook & Company may demand the following from its partner, and it is obligated to faithfully respond to Hankook & Company's demands, except for reasonable reasons.
    • (1) Request for ESG performance from Partner: Hankook & Company may request materials including its policies, program progress, and final performance. In this case, all information provided by Partner will not be utilized for any purpose other than ESG evaluation and will be handled in accordance with each Partner's information security policy.
    • (2) ESG audit of partner through on-site visit: Hankook & Company may request an on-site visit audit of partner if it is deemed necessary. In this case, Hankook & Company will notify you in advance of partner visit.
    • (3) Faithful Response of Evaluation and Audit: In the ESG evaluation and audit conducted by Hankook & Company, partner companies should respond faithfully and in a timely manner with accurate data. If violations of laws, regulations, and Hankook & Company partner sustainability guidelines occur or are feared to be seriously violated, partner companies should notify Hankook & Company immediately. If the evaluation and audit are responded with false data or the violation causes significant social and environmental impact, the business relationship with Hankook & Company may be terminated immediately.
• 2. Anti-corruption and Anti-bribery
  • 1) Partner must comply with anti-graft laws, the Foreign Corrupt Practices Act, the U.K. Bribery Act, and the anti-corruption and/or anti-bribery laws in the area where the workplace belongs.
  • 2) The partner does not, under any circumstances, offer bribes, money or other goods to anyone, or accept any such action, and does not demand or promise to do so.
  • 3) Partner do not provide direct or indirect bribes to government agencies for the purpose of inducing activities in favor of businesses or taking commercial interests.
  • 4) Partner does not and does not provide gifts, money, goods, etc. to government agencies, Hankook & Company, and interested subjects beyond the standards permitted by local law and Hankook & Company regulations.
  • 5) Partner are not involved in unfair acquisition or embezzlement for the purpose of making unfair and inappropriate gains.
  • 6) Partner fulfills its financial responsibilities by accurately recording and maintaining accounting records and disclosing and reporting transparently in accordance with relevant laws and regulations.
  • 7) Our partner respect the international trade order regarding the relevant trade requirements, such as strategic goods export control and economic sanctions.
  • 8) Partner establishes and implements a monitoring process to minimize the risk of containing counterfeit parts and materials in the product.
  • 9) The partner company shall take necessary measures, such as disciplining workers who violate anti-corruption and anti-bribery-related matters in accordance with the applicable regulations.
• 3. Respecting and protecting Human Rights
  • 1) Hankook & Company is a company that has established and declared a human rights management system, and it also calls on its partner to respect and protect human rights. It also calls on its partner to support and comply with the Universal Declaration of Human Rights, the UN Global Compact, the Fundamental Principles and Rights at Work of the International Labor Organization, and the UN Human Rights Council's Guiding Principles on Business and Human Rights.
  • 2) Prohibition of forced labor: Partner do not enforce all forms of forced labor (slave, trafficking, involuntary prisoner labor, etc.) that go against the free will of workers, and do not engage in acts that unfairly bind workers' mental and physical freedoms, such as assault, intimidation, verbal abuse, and bullying.
  • 3) Prohibition of child labor : Partner comply with the minimum age of employment stipulated by laws and regulations in the area where the workplace is located, and do not hire teenagers under the age of 15, and do not assign any safety or health hazards to youth under the age of 18.
  • 4) Prohibition of discrimination: Partner do not discriminate against workers in recruitment, compensation, promotion, etc. on the grounds of race, ethnicity, age, gender, sexual orientation, nationality, disability, religion, pregnancy, union membership, marital status, social status, etc. It also guarantees equal compensation for the same job and provides workers with training on diversity and anti-discrimination.
  • 5) Ethical recruitment: Partner employ workers in a legal, fair, and transparent manner. The original documents, such as workers' identification cards and passports, must be kept by the worker himself, and when hiring and changing labor contracts, they will document and guide the working conditions, rights, and responsibilities in the language understood by the worker. In addition, we do not make financial requests to workers, such as paying deposits or fees, during the hiring process.
  • 6) Guarantee freedom of association: Partner provide opportunities for communication between the company and its workers, guarantee workers' freedom of association, and do not penalize workers for joining, engaging in, or forming trade unions.
  • 7) Fair remuneration and stability of living: Partner comply with minimum wage guarantees, overtime pay, social insurance subscriptions, and rest/vacation stipulated in the laws and regulations of the area where the workplace is located, thereby contributing to stabilizing workers' living and improving the quality of working conditions.
  • 8) Working hours: Partner comply with legal working hours in the area where the workplace is located and do not force overtime.
  • 9) Rights of ethnic minorities and indigenous peoples: Partner respects and recognizes the economic, social, and cultural rights of minorities and indigenous Peoples in accordance with UN Declaration on the Rights of Indigenous Peoples. Implement UN-REDD's Free, Prior, and Informative Consent (FPIC) procedures for activities that may affect their rights.
  • 10) Respect and support local residents' rights to appropriate living conditions (land, forests, water resources, etc.).
  • 11) Private or public security: Partner must take appropriate controls to prevent human rights violations caused by private or public security companies they employ.
• 4. Health & safety management
  • 1) Partner should comply with laws and regulations related to workplace health and safety in the region and country where the workplace is located, and implement their own health and safety policies and procedures. In addition, standards such as health and safety policies and procedures of partner should be guided and shared in the language understood by workers.
  • 2) Partner should prioritize the safety of workers in any situation. Accordingly, we do not implement all procedures, processes, and activities that do not comply with safety policies, regulations, and laws.
  • 3) Partner shall provide workers with a safe and hygienic working environment, including.
    • (1) Protective equipment and training required to perform the task safely
    • (2) Training on how to respond to emergency situations in the workplace
    • (3) Easy-to-use first aid kit
    • (4) Fire extinguishers (in good working order) and fire exits
    • (5) Ventilation facilities supplying outside air or purified air
    • (6) Comfortable workplace temperature
    • (7) Adequate lighting to perform work
    • (8) Drinking water that workers can drink
    • (9) Provision and ongoing maintenance of appropriate bathing and sanitation facilities
    • (10) Supply of appropriate seats (chairs) to perform work
    • (11) Facilities for changing, storing, and drying work clothes. (If workers use and work by uniforms)
    • (12) Restaurant where you can eat food hygienically
    • (13) Dormitory (accommodation facility) that ensures clean, safe and appropriate living conditions
    • (14) Clean and accessible restrooms
  • 4) Partner must prohibit the use, possession, distribution and sale of illegal drugs at all business sites
  • 5) If an accident occurs at a partner's workplace, partner must evaluate the accident, take appropriate corrective action, and include measures to prevent recurrence
  • 6) If a partner is suspended or fined substantially for violating health and safety regulations and laws, or is convicted in a laws, Hankook & Company should be notified immediately
• 5. Environmental management & Greenhouse Gas (GHG) Management
  • 1) Partner should comply with environmental laws and regulations in the area where the workplace is located and implement them with their own environmental policies and procedures.
  • 2) Partner shall endeavor to reduce the negative environmental impacts that occur during business operations, including.
    • (1) Reduction and prevention of environmental pollution
      • A. Reduction and prevention of air, water, soil and groundwater pollution, waste generation, use of hazardous substances, and noise
      • B. Safe disposal of air and water pollutants and waste
    • (2) Response to climate change
      • A. Expanding the use of renewable energy
      • B. Reducing greenhouse gas emissions in the value chain (Net-Zero)
    • (3) Utilizing energy-efficient and environmentally friendly technologies
    • (4) Resource conservation, reuse, recycling and substitution with renewable resources;
    • (5) Protecting natural ecosystems through biodiversity conservation, land use, and prevention of deforestation
    • (6) Comply with national and international regulations related to animal care and animal testing;
    • (7) Acquisition, management and renewal of environmental permits and reporting documents
  • 3) If a partner is suspended or fined substantially for violating health and safety regulations and laws, or is convicted in a laws, Hankook & Company should be notified immediately
• 6. Responsible minerals
  • 1) All partner who supply goods to Hankook & Company should not use minerals mined in conflict and high-risk areas and submit a country of origin confirmation to prove this. If necessary, Hankook & Company may conduct an on-site audit of partner.
  • 2) Minerals subject to regulation: Refers to conflict minerals such as tin, tantalum, tungsten and gold illegally mined in conflict and high-risk areas, and key minerals such as cobalt.
• 7. Protecting confidentiality, personal data and intellectual property
  • 1) Partner must comply with the security of information related to the personal information, finance, and health of workers, partner, and customers, and must establish and operate protection policies for this purpose.
  • 2) Partner may request and collect personal information from workers, customers, and partner workers only when there are legitimate reasons, and in this case, they must comply with relevant laws and regulations in the area.
  • 3) Partner shall comply with the laws and regulations concerning intellectual property, trade secrets, trademark and confidential information, and shall establish and operate policies to protect them.
• 8. Conflict of interest
  • 1) Each worker of our partner and Hankook & Company does not have a financial or personal relationship that may lead to a conflict of interest between the two sides.
  • 2) If a conflict of interest has occurred or is feared to arise, the partner should notify Hankook & Company immediately. For example, if a family member or close relative of Hankook & Company's workers is employed by a partner, this should be immediately notified to Hankook & Company's legal team. In addition, the partner should re-designate the person in charge to avoid conflicts of interest.
• 9. Anti-competitiveness
  • 1) Partner complies with the principles of market competition, respects commercial morality and trade customs, and does not pursue profits in a fraudulent way.
  • 2) Employee of partner cannot collect competitive information through unfair channels such as false statements, theft of information, etc., and may not obtain confidential information without the consent of the owner of such information.
  • 3) Partner should be aware of the above and share it accurately with workers and contractors. It should also educate workers about laws and regulations related to anti-competition.
• 10. Additional requirements
  • 1) Partner shall guide and educate the Worker on the content of this Sustainability Guidelines.
  • 2) If the actions of Hankook & Company employees are in violation of these guidelines or are likely to be violated, the partner may report or contact Hankook & Company's ethics management report, management diagnosis team, or legal team.
  • 3) Hankook & Company strictly protects the information and inquiries of its partner, and guarantees the confidentiality of the identity of the informant and the interrogator.
  • 4) Partner shall have appropriate channels for reporting violations related to the above-mentioned guidelines and to establish and operate policies to ensure the confidentiality of informant status. Partner shall also provide training to workers on internal reporting channels, reporting processes, and informant protection systems.
  • 5) For the sustainability of Hankook & Company's entire supply chain, partner (tier-1) should establish its own partner sustainability guide to ensure that sub-partner (tier-n) comply.

Hankook & Company recognizes the importance of sustainable supply chain management and, through this policy, aims to eliminate supply chain risks and establish a sustainable supply chain.
This policy applies to all n-tier suppliers of Hankook & Company's globally connected operations.

1. Compliance with Sustainable Purchasing Policy

Hankook & Company pursues responsible procurement activities that reflect environmental, social, and ethical values, and our basic principles are the efficient use of resources and ethical purchasing. We are continuously striving to build a sustainable and socially responsible procurement system through close cooperation with our partners.

2. Sustainable Raw Material Sourcing and Environmental Impact Minimization Policy

• Hankook & Company strives to minimize the environmental and social impacts of sourcing and using raw materials to manage and enhance the sustainability of our supply chain. In this process, we prohibit the use of raw materials sourced from areas with significant biodiversity and those that cause deforestation or peatland destruction.
• To realize the responsible use of raw materials for a sustainable future, Hankook & Company collaborates with external stakeholders to expand the use of renewable energy-based raw materials. Furthermore, we thoroughly comply with environmental laws and regulations and strengthen transparency and trust throughout the supply chain by establishing a sustainable supply chain management system.
• Hankook & Company identifies potential environmental impacts within the supply chain and continuously monitors and manages these impacts. We comply with national, regional, and local laws and regulations across all areas of our operations. In collaboration with our suppliers, we seek opportunities to maximize energy efficiency and reduce greenhouse gas emissions.
• Hankook & Company is committed to enhancing transparency and accountability within our supply chain. To achieve this, we request suppliers to provide detailed information on the origins of raw materials. Through these efforts, we aim to enhance reliability and sustainability throughout the supply chain.

3. Respect for Human and Labor Rights

Hankook & Company shall ensure that its suppliers comply with the following minimums
• The fundamental conventions of the International Labor Organization (ILO), particularly those related to child labor, forced or compulsory labor, freedom of association, collective bargaining rights, discrimination, and harassment.
• Compliance with international standards, including the Universal Declaration of Human Rights, the United Nations Global Compact, OECD Guidelines, and the United Nations Guiding Principles on Business and Human Rights.
• Adherence to labor laws and regulations in the country or region where the business operates, including provisions on remuneration, working hours, and freedom of association.

4. Respect for Land Use Rights

Hankook & Company requires all suppliers to strictly comply with all laws and regulations related to land use in the countries in which they operate. Suppliers shall respect local communities and the environment when acquiring, using, or developing land and shall secure land use rights through due process. Failure to do so may lead Hankook & Company to review the relationship and take appropriate actions.

5. Prohibition of Misconduct

Hankook & Company and all suppliers are required to adopt a "zero tolerance" policy concerning corruption, bribery, and other misconduct. We ensure free and fair competition among suppliers and reserve the right to take necessary and appropriate measures to recover damages in the event of anti-competitive behavior by suppliers. If any irregularities are identified, all relevant parties shall report them through the grievance channel (see 10.①) without delay. Whistleblowers will be fully protected from any retaliation.

6. Supplier Selection and Evaluation

For transparent and responsible supply chain management, Hankook & Company selects its partners based on objective and fair criteria, and comprehensively evaluates various factors including ethics, quality, on-time delivery, environmental and safety management, and financial soundness. Based on the evaluation results, we conduct continuous performance management, such as requesting improvement measures or adjusting transaction conditions when necessary.

7. Training and Information

① Training
Hankook & Company provides various training programs to deepen employees' understanding of sustainable purchasing and its effective implementation in daily work. Through this training, employees gain a better understanding of sustainability and are empowered to apply it to the company's purchasing and management processes.
② Information Disclosure
Hankook & Company uses various channels to transparently disclose information on our sustainable procurement and management policies, performance targets, and implementation status. This information is regularly updated and published in detail in our ESG Report and on our website, helping stakeholders clearly understand Hankook & Company's sustainability efforts and actively communicate our commitment to social responsibility.

8. Confidentiality

Hankook & Company strictly protects confidential information obtained through transactions and cooperation with suppliers and has a clear policy against its disclosure.

9. Timely Payments

Hankook & Company stipulates as a top priority principle to pay suppliers in a timely manner in compliance with relevant laws and regulations, and strictly adheres to this.

10. Grievance Handling

① Grievance Reporting
Hankook & Company operates a channel to receive purchasing-related grievances from employees and other individuals or organizations.
o Representative Reporting Channel: Integrity Management Team
- Ethics Reporting:
Please click on the 'Ethics Reporting' link at the bottom of the official Hankook & Company homepage, or contact us via the dedicated e-mail.
- Dedicated Ethics E-mail:
ethis@hankookn.com
② Grievance Resolution
Hankook & Company develops response plans for reported cases, considering court precedents, regulations of competent authorities, and past internal practices. If a reported case is likely to violate laws/regulations, affect local residents' property rights, or pose risks to corporate reputation, response plans are discussed with the highest decision-making bodies, such as the management council or the board of directors.

Hankook & Company has been under serious threat to human rights in conflict zones. We are paying sincere attention throughout our supply chain to ensure that we do not receive raw materials.

Background

Conflict mineral regulation was initiated with the aim of preventing funds from selling minerals mined in conflict areas from flowing into armed groups in the country.
It requires companies to report the use of the target minerals (tin, tantalum, tungsten, gold) mined in the conflict zone.

Definition of conflict minerals

• 1. Natural resources mined through serious human rights abuses and exploitation, whose profits are used for activities by rebels and others
• 2. Conflict zones: Democratic Republic of Congo, Sudan, Central African Republic, Congo, Angola, Zambia, Tanzania, Burundi, Rwanda and Uganda
• 3. Conflict Minerals: Tin, Tantalum, Tungsten, Gold Mined From Conflict Areas

Hankook & Company dispute mineral policy

• 1. Hankook & Company is stipulated in the Company's regulations: Guidelines for Selection and Management of Raw Materials Partner, Article 14 (Dispute Minerals) as follows.
  • • All partner who supply us with goods shall not use minerals mined in the disputed area and shall submit a certificate of origin to prove this.
  • • If necessary, we can proceed with due diligence on our partner.
• 2. Conflict mineral evidence and risk assessment process

Conflict mineral evidence and risk assessment process

Partner	Purchasing department	Laboratory
		Identify new ingredients (If dispute mineral is included)
	Request proof of origin from partner
Submit proof of origin
	Verification of country of origin proof *
	Request for improvement plan
Submission of improvement plan - Dispute minerals not used in smelters request, request to obtain conflict free certification - Disused from conflict minerals Change of supplier to smelter, etc
	Inspection of improvement status and inspection if necessary **
	Finding other partner (supplier)	Development of alternative raw materials

• * Terminate if not supplied from the conflict zone
• ** Ends when improvements are complete

Current status of Hankook & Company's dispute mineral response

• 1. Hankook & Company is not listed on the U.S. stock exchange, so it is excluded from direct regulation.
  The battery is supplied as an automobile manufacturing part, so there may be a request from the carmaker to confirm the use of the disputed mineral.
• 2. Hankook & Company established a purchase policy to prohibit the use of disputed minerals to comply with the dispute mineral regulations and stipulated that the companies supplying the target raw materials can be inspected during due diligence.
  This information was guided to the supply chain to request a ban on the use of disputed minerals, and companies that supply target minerals are required to submit proof of origin once a year.

A company is not only a profit-seeking entity, but also a community member who seeks the value of co-prosperity with the community.
Hankook & Company presents a solution for companies and local communities to grow together through social contribution activities that can lead to social values.

Declaration

• 1. Hankook & Company continues to create social and environmental values and contribute to revitalizing the local economy through economic and corporate activities.
• 2. Hankook & Company realizes contributing activities for quality satisfaction and customer safety through customer-oriented management activities.
• 3. Hankook & Company strengthens efforts to minimize environmental impacts throughout its business activities and actively participates in resolving environmental problems in the community.
• 4. Hankook & Company does its best to support the socially underprivileged, such as the underprivileged in the local community, by actively returning the created value to society.
• 5. Based on the basic philosophy of human respect, Hankook & Company takes the lead in building a healthy society such as health care for employees and medical support for local communities.

Features and directions

• 1. Hankook & Company's social contribution activities strive to maximize the connection with core businesses so that corporate capabilities can be linked to social values.
• 2. Hankook & Company's social contribution activities avoid sporadic and aimless activities, and focus company-wide capabilities around representative social contribution programs.
• 3. Hankook & Company's social contribution activities set the direction of implementation in a way that can substantially solve local community issues and problems.

Hankook Donggeurami Partners

Hankook Donggeurami Partners offers new possibilities and opportunities for challenges to the socially vulnerable. It is a subsidiary-type standard workplace for the disabled established to contribute to the growth and development of our society, including the local community. Among the various social welfare activities already implemented by Hankook & Company, this project is designed for the socially vulnerable. It is the most important social contribution project in that it can provide a stable job.

Hankook & Company supports and respects internationally declared human rights protection.
We actively try not to be involved in human rights violations.

Hankook & Company declaration of human rights management

• 1. Hankook & Company believes that human rights, which are universal values of humanity, are important. We recognize that these values can be realized in our management activities.
  Based on this, we have all workers, customers, communities, including contract workers, temporary workers, and foreign workers.
  Furthermore, we will respect and protect the human rights of all stakeholders we encounter through products, services, and management activities.
• 2. To realize this responsibility of respecting human rights, Hankook & Company will support and comply with the Universal Declaration of Human Rights, UN Global Compact, and the principles of Fundamental Principles and Rights at Work.
• 3. Hankook & Company is a member of the United Nations Human Rights Council and supports UN Guiding Principles on Business and Human Rights.
  We will operate a human rights management system that includes grievance processing and relief procedures to comply, diagnosis, improvement activities and monitoring, internal and external communication.
• 4. Hankook & Company fulfills its social responsibilities and pursues the well-being of all workers and stakeholders.
  As an enterprise, in any environment, it complies with the laws and regulations of the country concerned, respects and protects human rights.
  We will contribute to the sound development of society.

Principles of human rights management

Respect for human rights

We support and respect internationally declared human rights protection and actively strive not to be involved in human rights violations.

Principles of human rights management of Hankook & Company

Prohibition of forced labor

All kinds of forced labor (debt labor, slave labor, etc.) that unreasonably constrain mental or physical freedom. We do not discriminate in hiring, compensation, promotion, etc.

Prohibition of child labor

It complies with the minimum age of employment prescribed by the laws and regulations of the country concerned.
We do not assign harmful tasks to safety and health when hiring adolescents under the age of 18.

No discrimination

Due to race, age, gender, nationality, disability, religion, pregnancy, union membership, marital status, social status, etc.
We do not discriminate in hiring, compensation, promotion, etc.

Guarantee of freedom of association

It gives opportunities to communicate between the company and its executives and employees, guarantees freedom of association.
Employees are not disadvantaged due to their membership in trade unions and activities or formation.

Health and safety guarantees

It provides employees with a safe and clean working environment and protects workers from harmful substances.

Hankook & Company practices returning corporate profits to society through faithful tax payment.
We do not use tax rate structures or tax systems for tax avoidance, and we do not transfer generated profits to countries with low tax rates.

Hankook & Company recognizes that tax law compliance and tax risk management are important factors for contributing to national finances, securing customer interests, and maximizing shareholder profits, and recognizes that they are essential conditions for sustainable management.

To this end, we have established and are operating documented standards and procedures for tax principles, policies, and risk management, and are pursuing cooperative and constructive relationships with customs authorities to ensure accurate tax payment and reporting.

• 1. In order to faithfully pay taxes in accordance with the law, we strictly comply with domestic and foreign tax laws and regulations in all transactions to create economic and social value,
  and accurately report and pay the amount of tax to be paid in accordance with tax laws and regulations.
• 2. To ensure transparency of tax burden, we fully disclose relevant information to our stakeholders.
  In addition, in order to protect stakeholders by ensuring the appropriateness of the application of tax laws, we are reporting tax amounts through an accounting firm for details prescribed by law.
• 3. We do not engage in cross-border income transfers or tax avoidance transactions using differences in tax laws between countries, loopholes in the international tax system,
  or tax havens, and we ensure that we are legally taxed according to the value created in each country where we conduct business activities.
• 4. In transactions with related parties, the principle is arm's length transactions in accordance with the OECD Transfer Pricing Guide Line and the laws of each country.
  For transfer pricing transactions with foreign related parties, a transfer pricing report is prepared and implemented with an external tax expert. We are managing the situation.

Hankook & Company quality policy is to promote company development by creating the best quality and trust in accordance with its management philosophy and to maximize customer satisfaction by establishing a customer-oriented quality management system.

To achieve this, all executives and employees resolve and act as follows.

• - Identify customer needs and actively reflect them in each work.
• - Prevent unreasonable, unnecessary, and wasteful elements through continuous improvement.
• - Realize an autonomous management system that strictly adheres to established standards and makes it part of daily life.
• - It grows with customers through constant value creation.

All executives and employees will understand the quality policy and do their best to establish, implement, maintain, and continuously improve the quality management system.