HiteJinro Group Declares 'Ethical Management'... "Comply with Fair-Trade Laws"

Executives, including CEO Jang Inseop, attend ethical management declaration ceremony
Declare five key principles, including preventing illegal or improper conduct

HiteJinro Group said on November 6 that it had held a Declaration Ceremony on Ethical Management, attended by CEO Jang Inseop, the heads of its affiliates and key executives.

The company said the ceremony was intended to establish ethical management as a groupwide organizational culture by declaring its commitment to comply with laws and principles and to practice fair and transparent management, while having executives lead by example.

From left, Kim Hyuntae, CEO of Suyang Logistics; Ma Jeongho, CEO of Jinro Soju; Baek Seunghyuk, CEO of HiteJinro Beverage; Jang Inseop, CEO of HiteJinro and HiteJinro Holdings; Heo Jaegyun, CEO of Seoyoung E&T; Kwon Osam, CEO of Blue Heron; and Jeong Guseung, CEO of HiteJinro Industry, pose for a commemorative photo at the HiteJinro Group Declaration of Ethical Management ceremony held at the company’s Seocho office building on the 5th. Provided by HiteJinro.

The declaration sets out five key principles: complying with laws and principles; conducting business fairly and transparently; respecting all stakeholders; preventing illegal or improper conduct and taking responsibility; and having executives lead by example. In particular, the group plans to prevent illegal or improper conduct by strictly complying with fair-trade laws and regulations, including those governing internal transactions, and strengthening advance controls on transactions with related parties.

Going forward, HiteJinro and each of its affiliates plan to make the declaration's principles the basic standards guiding all business activities and continue practicing ethical management. The group also plans to establish a fair and transparent corporate culture across the organization by publishing the declaration on its website and elsewhere and regularly reviewing and disclosing its implementation status.

CEO Jang said, "As HiteJinro prepares for its next 100 years after celebrating its 100th anniversary, sustainable management is not a choice but a core component of corporate competitiveness. We will continue to advance our ESG (environmental, social and governance) management and grow into a company trusted by diverse stakeholders and society."

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