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Fair Trade

If you have any queries about fair trade or are uncertain about its fairness or appropriateness, kindly write to us, and we will swiftly respond to you via your email or contact number.

Actions Subject to Reporting of Fair Trade Violations

-If you have experienced unfair trade practices or disadvantages during transactions with POSCO MC Materials.

Your submission can only be accessed by you and the responsible party. The company pledges to protect the whistleblower by ensuring confidentiality and reducing liability if a breach of the relevant area is detected and reported.

Report

CEO's Compliance Message
In an era of economic uncertainty fueled by the enduring COVID-19 pandemic, the emphasis on ESG management has evolved into a corporate necessity, not a choice. 'Fair trade' and 'lawful management,' demanded by ESG, are one of the social values that pave the way for creating a higher corporate value and sustainable growth, superseding mere economic profit generation as a corporate society member.
Aligned with this, POSCO MC Materials implemented the Compliance Program (CP) in 2015 to create a resilient industrial ecosystem that fosters a culture of fair competition. From 2021 onwards, we established a dedicated CP division and appointed a voluntary compliance manager, thereby securing a solid foundation. In 2022, we successfully established the CP operating system based on the Fair Trade Commission's CP grading evaluation standards.
Moving forward, POSCO MC Materials will fulfill its corporate social responsibility through the practical and systematic operation of the CP. We will comply with laws, actualize 'fair trade' and 'lawful management,' and instill a culture and order of fair trading. We are devoted to building trust with various stakeholders, achieving sustainable growth, and standing proud as a global company.
CEO and President
Seo Young-hean


Presenting Our Voluntary Compliance Program for Fair Trade
1. Vision and Strategy
Since the inauguration of the formal fair trade system with the enactment of the 'Monopoly Regulation and Fair Trade Act' in April 1981, relying solely on government law enforcement has led to wasted administrative resources and escalating adaptation expenses for companies. Moreover, instances of corporate violations have persistently been on the rise. The Voluntary Compliance Program signifies a corporate initiative to autonomously establish and operate an internal structure aimed at adhering to regulations and fostering fair competition. The primary goal of this program lies in strengthening preemptive prevention activities and subsequent actions to avert infractions of laws relating to fair trade.
2. Organizational Structure
3. Eight Key Elements Guided by CP Regulations
The Fair Trade Commission stipulates the prerequisites necessary for the initiation of CP in its regulations. A company adhering to these guidelines and actively administering the CP is considered to have effectively implemented the CP.
4. Implementation Progress
  • - ‘15.3
    Introduction of the Voluntary Compliance Program for Fair Trade and the CEO's pledge of voluntary compliance
  • - ‘15.3
    Board of Directors' appointment of the Voluntary Compliance Manager
  • - ‘21.4
    Establishment of a new Jeongdo Management Office tasked with overseeing fair trade
  • - ’21.11
    Establishment of operation standards for the Voluntary Compliance Program for Fair Trade
  • - ‘21.11
    CEO's proclamation of voluntary compliance
  • - ’21.11
    Board of Directors' appointment of the Voluntary Compliance Manager (Senior Auditor)
  • - ’21.12
    Initiation of the Voluntary Compliance Council (7 members)
  • - ‘22.12
    Completion of the Voluntary Compliance Program for Fair Trade (Achieving all eight core elements)
  • - ’23.1
    CEO's proclamation of voluntary compliance
  • - ’23.1
    Distribution of POSCO MC Materials' proprietary Voluntary Compliance Manual
  • - ’23.3
    Board of Directors' review of the 2022 CP performance and 2023 CP plan
  • - ’23.3
    Board of Director’s decision on the transition of the Voluntary Compliance Manager (From Senior Auditor to Vice President of Corporate Audit Office)