AA Grade for Two Consecutive Years
Lotte Construction announced on the 2nd that it received a Commendation from the Chairman of the Fair Trade Commission in recognition of its contribution to establishing a culture of the 'Compliance Program (CP)' for fair trade.
Lotte Construction maintained the CP grade AA (Excellent) for two consecutive years and was commended at the '24th Fair Trade Day' ceremony held yesterday at the Korea Federation of SMEs in Yeouido, Seoul, for its contribution to spreading a compliance culture within the company.
At the '24th Fair Trade Day Ceremony' held on the 1st at the Korea Federation of Small and Medium Business in Yeouido, Seoul, award recipients including Jodo-hwi, Executive Director of Compliance Management Division at Lotte Construction (first from the left), are taking a commemorative photo with Han Ki-jung, Chairman of the Fair Trade Commission (ninth from the left). Photo by Lotte Construction
The CP is an internal compliance system operated by companies to comply with fair trade-related laws and regulations. The Fair Trade Commission evaluates the operational status of companies that have introduced CP, assigns grades, and provides differentiated incentives.
Lotte Construction has a Compliance Office and strengthens CP activities through publishing a compliance manual, operating councils, and educational programs.
They regularly publish a legal information card news called 'CP TIMES' for employees and conduct preventive education such as sharing subcontracting violation cases while touring nationwide sites. In case of disputes, a mediation council is immediately activated to respond.
A Lotte Construction official said, "This Commendation from the Chairman of the Fair Trade Commission is the result of Lotte Construction's continuous efforts to establish a fair trade culture," adding, "We will continue active CP activities to enhance employees' compliance awareness and build a transparent corporate culture."
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