LS Achieves Integrated ISO Certification for Anti-Bribery and Compliance... "Strengthening Global Ethical Management"

Achievements in Overhauling the Compliance System
Strengthening Risk Assessment and Internal Audit Management

LS has taken steps to establish an ethical and compliance management system across the entire group. On the 30th of last month, LS announced on October 1 that it has received integrated certification for the 'Anti-Bribery Management System (ISO 37001)' and the 'Compliance Management System (ISO 37301)' from the Korea Compliance Standards Institute, as established by the International Organization for Standardization (ISO).

Myeong Nohyun, Vice Chairman of LS (left), and Jae Kyu Park, Chairman of the Korea Compliance Standards Institute, are posing for a commemorative photo at the 'ISO 37001·37301 Integrated Certification Award Ceremony' held on the 30th of last month at LS Yongsan Tower in Yongsan-gu, Seoul. LS

The certification ceremony held at LS Yongsan Tower in Yongsan-gu, Seoul, was attended by Myung Nohyun, Vice Chairman of LS, key executives and employees, as well as Jae-kyu Park, Chairman of the Korea Compliance Standards Institute, and other relevant stakeholders.

The ISO 37001 and ISO 37301 certifications acquired by LS are international standards that assess whether companies have adopted anti-bribery and compliance criteria set by the ISO into their management frameworks, and whether these frameworks are being operated and managed in a consistent and systematic way.

Based on these certifications, LS plans to proactively respond to both domestic and international evaluations of ESG (Environmental, Social, and Governance), enhance its corporate value, and continuously strengthen its group-wide commitment to ethical management.

Under the leadership of Vice Chairman Myung, LS has continuously strengthened its compliance management structure across the group. In preparation for obtaining these integrated certifications, LS undertook a comprehensive overhaul of its group-wide compliance system over the past several months. As a result, LS established a management system in line with global guidelines, including ▲ the establishment of anti-bribery and compliance policies, ▲ risk assessment and improvement measures, ▲ the introduction of monitoring and internal audit procedures, and ▲ employee compliance training and the development of internal auditors.

Following the adoption of relevant standards by key affiliates such as LS Cable, LS ELECTRIC, and INVENI, LS itself has now obtained integrated certification. As a result, the foundation for the group-wide adoption of compliance management is expected to be further strengthened.

An LS representative stated, "This integrated ISO 37001·37301 certification is an external validation that LS has established a compliance management system that meets the stringent requirements of the global business environment," adding, "We will continue to develop a proactive compliance culture, adhere to laws and principles, and establish an ethical management system that earns the trust of investors and stakeholders."

This content was produced with the assistance of AI translation services.