Establishing a Systematic Corruption Prevention System
Effectively Identifying and Managing Corruption Risks
At the presentation ceremony for the Anti-Bribery Management System (ISO37001) certificate, Park Gap-dong, Head of Legal Team at HD Hyundai Oilbank (from left in the photo), Go Heung, Head of Compliance Management at HD Hyundai Heavy Industries, Joo Young-min, CEO of HD Hyundai Oilbank, Lee Il-hyung, CEO of Lloyd Certification Institute, Jung Se-hyun, Team Leader of Business Development at Lloyd Certification Institute, and Park Chi-woong, Head of Management Support Division at HD Hyundai Oilbank, posed for a commemorative photo. Photo by HD Hyundai Oilbank
HD Hyundai Oilbank announced on the 31st that it has acquired the international anti-corruption management system certification 'ISO37001' to establish sustainable management across all its affiliates.
ISO37001 is an international standard established by the International Organization for Standardization (ISO) to create a culture of compliance and a transparent management environment. Companies that obtain this certification gain external recognition for their systematic anti-corruption management system, securing credibility and enhancing their brand value among stakeholders.
HD Hyundai Oilbank has strengthened its anti-corruption system through adherence to ethical management and efforts to maintain a high level of transparency. As a result, it has acquired the ISO37001 certification and plans to use this opportunity to review and supplement its anti-corruption management system to manage corruption risks more effectively.
Joo Young-min, CEO of HD Hyundai Oilbank, stated, "Through continuous efforts to improve corporate culture and introduce various systems, we were able to obtain the anti-corruption management system certification. We will make this year the inaugural year of 'strengthening compliance management' and do our best to become a company trusted by society."
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