"We strictly comply with laws and company regulations."

• 1.1We respect national policies and abide by all applicable laws and ethical standards.
• 1.2We comply with the management policies and regulations of the Company and fulfill our responsibilities and obligations.
• 1.3We adhere to all applicable laws and regulations and respects the market economy order and trading customs in all regions in which it conducts business, both domestically and internationally.
• 1.4We do not engage in illegal insider trading or money laundering.

“A company exists to offer the value that can satisfy customers.”

• 2.1Customer trust is our top priority.
• 2.2We provide its customers with products and services of differentiated quality to ensure satisfaction.
• 2.3We strive to establish a culture of openness and fairness in our dealings with customers and to form solid partnerships.

"We fulfill our responsibilities to become a company in which our shareholders can have confidence."

• 3.1We increase shareholder and investor profits by enhancing management performance via continuous value creation.
• 3.2We conduct rational and open management to gain the trust of shareholders and investors.
• 3.3We respect the rights of shareholders and investors and provide timely information in order to generate profitable returns.

“Each of the employees is the most important asset of the company.”

• 4.1We respect individuality and establish a rational and effective corporate culture based on mutual trust and understanding.
• 4.2We create a work environment in which individuals can freely express their creativity, as well as ensure a pleasant and secure workplace.
• 4.3We do not tolerate discrimination based on such factors as gender, religion, disability, age, social status, national origin, ethnicity, physical conditions such as appearance, marital status, family type or status, race, color, ideology or political opinion, sexual orientation, or medical history.

“All employees aim to perform their tasks in transparent and fair manner by complying with ethical management.”

• 5.1Employees within the organization do not force, direct, or respond to unfair or unethical instructions.
• 5.2Employees are prohibited from accepting, providing, or promising cash or valuables in exchange for work or entertainment.
• 5.3When giving and receiving gifts from stakeholders in the course of their duties, employees comply with country-specific laws and regulations and follow the relevant company policies.
• 5.4Employees strive to avoid conflicts of interest between the company and customers and between customers, and in the event of a conflict, the interests of the company and customers take precedence.
• 5.5Employees strictly manage and protect company and customer information obtained in the course of their employment and do not use it for their own purposes.

“Suppliers are a source of competitive edge for the company, and we aim for mutual growth based on transparent and fair trading with suppliers.”

• 6.1We evaluate whether Hyosung Heavy Industries’ human rights and environmental and social values align with the selection of and transactions with partners.
• 6.2We trade on a level playing field and does not engage in unfair business practices leveraging our superior position.
• 6.3We establish a basis for mutual growth through a variety of activities promoting partner sustainability.

“A company is a member of society and must achieve harmony with society to grow.”

• 7.1We fulfill our societal obligations and responsibilities and strive for the common good and development through social contribution activities.
• 7.2We strive to be an environmentally conscious business and to earn the respect of society.
• 7.3In order to form a sustainable supply chain, our purchasing criteria reflect the long-term viability of partners and products, as well as the integrity of the manufacturing process.

1.1 Observance of National Policies and Laws

• 01We respect national policies and avoid illegal or unlawful conduct.
• 02In our business activities, we compete on the basis of products and services with competitors in good faith and do not engage in unfair competition.
• 03We do not violate relevant laws or acquire information unethically.
• 04Employees working abroad comply with the laws and social order of the host country so as not to impede the company's operations.
• 05We respect and comply with domestic and international market economy order, transaction customs, and laws in order to conduct legal and fair business with partners.
• 06As citizens and members of the community, we abide by the laws and regulations pertaining to the prevention of corruption, bribery, and money laundering, and we report suspicious transactions in accordance with the law.
• 07Employees are strictly prohibited from engaging in any act of embezzlement or betrayal of confidence. Employees are prohibited from engaging in acts that result in the loss of company assets, such as embezzlement of public funds, misappropriation of public funds, property leakage, or use for other purposes.

1.2 Compliance with Company Regulations and Fundamental Business Ethics

• 01We adhere to the company's management policies and regulations and concentrate our capabilities based on a sense of ownership and responsibility to complete assigned tasks promptly and accurately.
• 02When performing duties, we prioritize the company's interests over our own, and we are objective and logical in our approach.
• 03We do not work for others or other companies with a stake in the company, nor do we form any special relationships with them.
• 04We safeguard the privacy and confidentiality of the company's private and vital information, deliver vital information to those who require it for work, and do not distort or spread false information.

2.1 Transactions with Customers

• 01With customer satisfaction and trust as the top priority, we strive to provide products and services of the highest quality and adhere strictly to its promises to customers.
• 02We strive to treat customers with mutual regard and conduct reasonable and equitable transactions on an equal footing.
• 03We do not demand any form of compensation or unreasonable terms from our customers using our superior position.
• 04We do not engage in deceptive or exaggerated advertising, claims, or concealment of information, and Hyosung Heavy Industries discloses truthfully all information that customers need to know.
• 05We take responsibility for the entire product life cycle in consideration of customer safety, beginning with the procurement of non-hazardous raw materials, components, and packaging materials, and continuing through product development, manufacturing, distribution, use, and disposal.

3.1 Protection of Shareholder and Investor Interests

• 01We make every effort to generate solid profits through effective management and to increase the investment value of our shareholders through prudent investments.
• 02In accordance with accounting standards, we record and manage our financial position with honesty and precision, and we make our accounting public.
• 03We do not engage in unfair acts such as securities transactions for our own benefit or the benefit of third parties using the company's internal information.

3.2 Protection of Shareholders' Right to Know

• 01We provide shareholders and investors with timely, accurate, and useful information regarding the company's overall management.
• 02Through active PR and IR, we work to ensure that the value of our company is accurately assessed.

4.1 Respect for Employees

• 01We respect the uniqueness of each employee, foster creativity and independence, and provide active assistance and educational opportunities for competency development.
• 02We provide our employees with equal opportunities and evaluate them fairly based on their achievements and abilities.
• 03Regarding employment, work, promotion, wages, welfare, and other forms of treatment, we do not favor or discriminate against certain employees on the basis of factors such as regional ties, family ties, school ties, gender, religion, disability, age, social status, national origin, ethnicity, physical conditions such as appearance, marital status, family type or status, race, color, ideology or political opinion, sexual orientation, or medical history.

4.2 Creating a Sound Organizational Culture

• 01We do not engage in unethical behavior such as employee gambling, nor do we accept inappropriate money or valuables, borrow money, or offer joint guarantees.
• 02We do not engage in offensive verbal, physical, sexual, or visual conduct, and we respect the privacy of individuals.
• 03The Company and its employees cultivate an active, innovative, and collaborative organizational culture in order to achieve common goals, and do not engage in actions that promote selfishness or unnecessary departmental conflict.
• 04The Company endeavors to promote safety and health awareness among its employees. The Company takes proactive measures to ensure the safety of employees and maintain a workplace free of accidents, injuries, natural disasters, illnesses, and contagious diseases.

5.1 Compliance with Ethical Management

• 01Superiors may not provide subordinates with unreasonable work instructions that violate the law and company policies, and subordinates may refuse to perform such duties.
• 02The Company safeguards whistleblowers by protecting their identity and taking the necessary measures to ensure that they are not subjected to unfair treatment, discrimination, or retaliation for their actions.

5.2 Transparent and Honest Business Conduct

• 01Employees do not engage in arrangements or solicitations that impede the fair performance of duties by other employees for the purpose of unfairly profiting themselves or others, and they do not accept, offer, or promise money or valuables, bribes, or entertainment.
• 02Employees do not use their superior position and personal interests to prevent conflicts of interest between the Company and customers or between customers, and if so, they seek to minimize the damage to interested parties and attempt to resolve them. 03 Employees strictly manage and protect customer data, including company data acquired through work, in accordance with applicable laws and
  internal security regulations, and do not disclose or use it for their own benefit.
• 03Employees strictly manage and protect customer data, including company data acquired through work, in accordance with applicable laws and
  internal security regulations, and do not disclose or use it for their own benefit.

6.1 Pursuit of Mutual Growth

• 01We maintain an attitude of mutual trust and respect with our partners in pursuit of mutually beneficial growth.
• 02We maintain productive relationships by identifying and cultivating exceptional partners.
• 03When selecting a partner and initiating and continuing a transaction, we evaluate whether it complies with the company's human rights and environmental and social values.
• 04We provide various development and growth support activities to achieve sustainable transactions with our partners, thereby laying the groundwork for mutually beneficial growth.
• 05We actively support companies in the supply chain for sustainability management and evaluate partners based on their sustainability management activities.

6.2 Relationship with Suppliers

• 01We ensure that transactions with partners are conducted fairly through mutual respect and equal relationships, and we do not engage in unfair transactions that take advantage of our superior position by adequately discussing transaction conditions and procedures.
• 02We provide partners with equal opportunities in areas such as bidding and contracting, and Hyosung Heavy Industries conducts business by signing contracts on an equal footing.
• 03We protect the physical and intellectual property rights of partners, as well as their confidential information.

7.1 Contribution to Social Development

• 01We respect the values of the local community at home and abroad where we operate our business and business activities, create jobs continuously, and fulfill our basic social responsibilities with integrity.
• 02As exemplary members of society, we respond to and support social needs, such as through social contribution activities.
• 03We strive to protect the environment and participate in environmental protection activities within communities.

7.2 Social Responsibility Management

• 01We actively promote purchasing eco-friendly products in accordance with the Green Procurement Policy.
• 02In the production process, we do not purchase raw and subsidiary materials that have issues like human rights violations and political disputes, such as conflict minerals, and Hyosung Heavy Industries applies this principle when making a purchase from partners.