‘Ethical management’ means the corporation going beyond the observance of the economic responsibility or the legal responsibility and making the performance of the ethical responsibility, which is expected as a social, common idea, into a duty of the corporation.

If there had been no legal problem in the past, even if it partially goes astray from the social, common idea, it had been admitted in the name of custom. But, now, because of the spreading of the global standard, an ethical standard with a stricter yardstick had been applied. And, now, ethical management has settled down as one of the corporate survival strategies.

While the transparent management and the ethical management of Handok had been settled down by becoming deeply rooted within the core value and the management philosophy of the company, they had continued without a change for over 60 years. And they have been put into practice overall, including the corporate culture, the job process, the communication, etc. The transparency of the management has been continuously strengthened, including the very first introduction of the ERP (Enterprise Resource Planning) system in the pharmaceutical industry, the voluntary installation of the Audit Committee, the introduction of the ICFR (Internal Control over Financial Reporting), and the exemplary putting into practice and management of the Fair Trade Compliance Program in the industry. Recently, as Handok’s anti-bribery management system received the ISO 37001 certification, the ethical management system had been systematized even more effectively.

In the future by making the ethical management into a core competitiveness of the corporation, Handok will establish the friendly relations with the diverse stakeholders of the company. Also, Handok will continue to practice ethical management under the higher ethical standards to become a respected company.