ESG MENAGEMENT
Korea Precision Steel Ball Co., Ltd. pursues win-win cooperation through transparent ethical management and governance structure.
We do our best to achieve ethical management that coexists with customers, board of directors/shareholders, partners, employees, affiliated companies, and the national society.
Based on the expectations and interest of the entire nation, Korea Precision Steel Ball Co., Ltd. as a member of the domestic precision steel specialized company, has been given the important responsibility of improving the competitiveness of the precision steel industry, a key national industry, to a world-class level and leading the future national economic growth.
Accordingly, we establish and declare the "Ethics Charter" to establish a new ethical view and set the standard for our actions and value judgments.
Implement Code of Ethical Conduct
1. Korea Precision Steel Ball Co., Ltd. will build trust through transparent, fair business practices and strong ethical values.
2. Korea Precision Steel Ball Co., Ltd. aims for mutual growth with customers and partners through respect and collaboration.
3. Korea Precision Steel Ball Co., Ltd. will protect the environment with sustainable practices and ongoing innovation.
4. Korea Precision Steel Ball Co., Ltd. is dedicated to producing top-quality parts and growing into a world-class manufacturer alongside customers.
5. Korea Precision Steel Ball Co., Ltd. will value competitiveness and safeguard all customer and partner information.
6. Korea Precision Steel Ball Co., Ltd. will take the social responsibility seriously, addressing societal issues and supporting those in need.
Transparent management
1. Korea Precision Steel Ball Co., Ltd. contributes to national economic development through faithful tax payment, law-abiding behavior, and ethical values.
2. Korea Precision Steel Ball Co., Ltd. respects all ethical actions to establish transparent management, Our goal is corporate citizenship that puts public interest and order first.
Transparent Management Code of Practice
1. Korea Precision Steel Ball Co., Ltd. does not accept money or valuables from partners or stakeholders under any circumstances.
2. Under no circumstances shall employees receive entertainment or discounts.
3. Do not bet (golf, poker, etc.) with executives or employees of a company
4. If possible, eat with partners' executives and employees at the company's cafeteria, and When eating out, the amount should not exceed the normal amount. When eating, keep it within a range that is not excessive according to social norms.
5. Do not request, exert pressure on, or make any personal requests or requests to your partners.
Avoiding Conflicts of Interest
1. Korea Precision Steel Ball Co., Ltd. executives and employees handle their work with a sense of responsibility in accordance with established work regulations.
2. Korea Precision Steel Ball Co., Ltd. executives and employees must not provide any other means for the purpose of unfair or inappropriate profits. Employees must not cause damage to the company for their own personal benefit. It includes the act of receiving a promise of personal benefit through a third party.
3. Employees must not cause damage to the company for their own personal benefit. It includes the act of receiving a promise of personal benefit through a third party.
Korea Precision Steel Ball Co., Ltd. aims to prevent unfair trade and complies with laws and regulations through fair trade and responsible material purchasing policies.
Prevention of unfair trade
1. Korea Precision Steel Ball Co., Ltd. must comply with fair trade-related laws and standards in each country where they conduct business.
2. Korea Precision Steel Ball Co., Ltd. does not engage in any actions that may undermine fair competition through unfair transactions, such as abusing its dominant market position or trading position.
3. Korea Precision Steel Ball Co., Ltd. pays the amount agreed to be paid to its partner companies on the payment date. The payment amount must not be arbitrarily adjusted.
4. Korea Precision Steel Ball Co., Ltd. must not agree to any action that unfairly restricts competition with other businesses in terms of product or service price, supply volume, trading area, trading conditions, etc.
5. Korea Precision Steel Ball Co., Ltd. does not obtain information through unfair means from competitors, business partners, or other organizations. Do not use or disclose information obtained illegally by the company or a third party.
Responsible Material Purchasing
1. Korea Precision Steel Ball Co., Ltd. must establish a process to identify the countries and regions from which it procures raw materials and parts used directly or indirectly in the manufacture of products delivered to customers at any stage in the supply chain.
2. Korea Precision Steel Ball Co., Ltd. ensures that it does not receive manufacturing raw materials or parts using forced labor directly or indirectly at any stage in the supply chain.
3. Korea Precision Steel Ball Co., Ltd. must establish a process to verify the origin and smelter of all minerals and raw materials, including conflict minerals such as tin, tungsten, tantalum, and gold, contained in the product.
4. Korea Precision Steel Ball Co., Ltd. must strive to inspect social and environmental issues such as serious human rights and ethical violations and negative environmental impacts at the origin and smelter of minerals and raw materials in accordance with the relevant process.
Prevention of unfair trade
1. Korea Precision Steel Ball Co., Ltd. must comply with fair trade-related laws and standards in each country where they conduct business.
2. Korea Precision Steel Ball Co., Ltd. does not engage in any actions that may undermine fair competition through unfair transactions, such as abusing its dominant market position or trading position.
3. Korea Precision Steel Ball Co., Ltd. pays the amount agreed to be paid to its partner companies on the payment date. The payment amount must not be arbitrarily adjusted.
4. Korea Precision Steel Ball Co., Ltd. must not agree to any action that unfairly restricts competition with other businesses in terms of product or service price, supply volume, trading area, trading conditions, etc.
5. Korea Precision Steel Ball Co., Ltd. does not obtain information through unfair means from competitors, business partners, or other organizations. Do not use or disclose information obtained illegally by the company or a third party.
Responsible Material Purchasing
1. Korea Precision Steel Ball Co., Ltd. must establish a process to identify the countries and regions from which it procures raw materials and parts used directly or indirectly in the manufacture of products delivered to customers at any stage in the supply chain.
2. Korea Precision Steel Ball Co., Ltd. ensures that it does not receive manufacturing raw materials or parts using forced labor directly or indirectly at any stage in the supply chain.
3. Korea Precision Steel Ball Co., Ltd. must establish a process to verify the origin and smelter of all minerals and raw materials, including conflict minerals such as tin, tungsten, tantalum, and gold, contained in the product.
4. Korea Precision Steel Ball Co., Ltd. must strive to inspect social and environmental issues such as serious human rights and ethical violations and negative environmental impacts at the origin and smelter of minerals and raw materials in accordance with the relevant process.
Korea Precision Steel Ball Co., Ltd. prioritizes the security of information for our customers and partners. We ensure that all related data is thoroughly managed high standards of confidentiality.
Information Protection
1. Korea Precision Steel Ball Co., Ltd. does not disclose the trade secrets or security-requiring information of its customers or business partners without permission. Information acquired while performing work must not be stored or used without prior permission and approval.
2. Korea Precision Steel Ball Co., Ltd. must collect and use personal information within the legal scope, including the purpose of collection and use of personal information and the period of retention and use. If you change the above information, you must obtain prior consent.
Information management
1. Korea Precision Steel Ball Co., Ltd. must accurately record and manage status and risk-related information in the areas of ethics, environment, labor, human rights, safety, and health.
2. If the laws of the country in which it operates, industrial organizations, or important customers with which it has entered into business contracts request disclosure of such information, Korea Precision Steel Ball Co., Ltd. must endeavor to disclose such information transparently, unless prohibited by law.
Intellectual Property Protection
Korea Precision Steel Ball Co., Ltd. must respect the intellectual property rights held by its customers and business partners. We must take appropriate measures to protect the intellectual property rights held by our partners and at the same time check whether the intellectual property rights are being infringed.
