Training to Strengthen Awareness of the Fair Trade Compliance Program
CEOs of Major Affiliates Including Taekwang Industrial and Heungkuk Life Attend
Pursuing Rating Evaluation as Part of ESG Management... Internal Monitoring Enhanced
Taekwang Group has strengthened its commitment to compliance management by holding a special training session for the Fair Trade Compliance Program (CP·Compliance Program), with the direct participation of CEOs from its major affiliates.
On June 25, Taekwang Group conducted a training session to raise awareness of the CP at the Heungkuk Life Insurance Building in Gwanghwamun, Seoul, attended by around 80 executives and employees from affiliate companies and related departments. Key affiliate leaders, including Taeho Yoo, CEO of Taekwang Industrial, Daehyun Kim, CEO of Heungkuk Life Insurance, and Yunsang Song, CEO of Heungkuk Fire & Marine Insurance, attended in person to reaffirm their commitment to compliance management. Prior to the training, a Fair Trade Compliance Pledge ceremony was also held.
Jaeseok Lee, CEO of Korea Cable Telecom (KCT) (from left), Sangwook Han, CEO of TRN, Jaeyong Eom, CEO of Tcast, Daejung Kim, CEO of Daehan Fibers, Taeho Yoo, CEO of Taekwang Industrial, Daehyun Kim, CEO of Heungkuk Life Insurance, Yunsang Song, CEO of Heungkuk Fire & Marine Insurance, Dubok Lee, CEO of Heungkuk Asset Management, Seokgeun Son, CEO of Heungkuk Securities, Yonghoon Noh, CEO of Yegaram Savings Bank, and Yunseok Moon, CEO of Koryo Savings Bank, are posing for a commemorative photo after completing the Fair Trade Compliance Program training held on the 25th at the Heungkuk Life Insurance Building in Gwanghwamun, Seoul. Taekwang
This training, under the theme "Taekwang Group's Compliance Management Milestone," focused on the Fair Trade Commission's policy trends and legal interpretations, as well as case studies on CP rating evaluations among affiliates.
In September last year, Taekwang Group held a kick-off ceremony for the introduction of the CP system across all affiliates and has since continued activities to prevent violations of fair trade regulations, such as expanding training and establishing internal monitoring systems. This year, five companies?Taekwang Industrial, Daehan Fibers, Heungkuk Fire & Marine Insurance, Yegaram Savings Bank, and TRN?have completed applications for the Fair Trade Compliance Program rating evaluation.
The group plans to support all affiliates so that they can sequentially undergo the rating evaluation in the future. For example, the group is strengthening its ESG (Environmental, Social, and Governance)-centered management approach by reflecting compliance management performance in the CEO's Key Performance Indicators (KPIs).
A Taekwang Group representative stated, "Beyond obtaining the Fair Trade CP rating, we plan to check the implementation status of each affiliate at least twice a year," adding, "We will further advance the group's overall compliance system by expanding customized training, particularly for departments with higher risk exposure."
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