ESG
- Norms of
Ethics - Code of
Ethics - Anti-Corruption
Operation Guidelines - Declaration of
Human Rights
Pyung Hwa under the management philosophy of “Let's make excellent products in a good environment and live well together”
, we have practiced trustworthy and righteous management as the basis of corporate management.
Ethical
ManagementAiming to be a world-class company in the future, we enact the Code of Ethics,
which is the standard for decision-making and behavioral judgment of all executives and employees in management activities,
and pledge to faithfully carry out and actively practice it to create a sound and fair corporate culture.
- 1.We put customer satisfaction as our top priority, strive to develop together with our customers with the best products and services, and strive to maximize the return on investment of our shareholders through continuous growth through efficient management.
- 2.We fulfill our responsibilities and obligations to ensure mutual growth with our partners based on trust based on transparent and fair trade.
- 3.As a member of the country and local community, we not only comply with various laws and regulations, but also respect social values and contribute to the development of society and the country.
- 4.We respect each employee as an independent person, provide equal opportunities, and strive to create a corporate culture in which each employee can receive fair evaluation and compensation according to their abilities and qualifications.
- 5.We continuously develop and actively support professional education programs to nurture our executives and employees into enterprising and creative talents.
- 6.We do our best to establish a sound and clean corporate culture with pride and pride as a true peacemaker based on the principle of one mind and one word.
Attitude towards
customers
Attitude towards
shareholders and investors
Attitude toward
partner companiesx
Responsibilities
for Employees
Responsibility
to society
Employee
Basic Ethics
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Attitude towards customers
- 1.Respect for customers
- We think and act from the customer's point of view, and strive to realize customer satisfaction by providing the best products and services that customers can be satisfied with and trust.
- Provide accurate information about products and services to customers, respect customers' diverse opinions, and actively reflect them in the company's management activities.
- 2.Customer protection
- We protect the interests, safety, and personal information of our customers, and do not act unfairly to customers.
- 1.Respect for customers
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Attitude towards shareholders and investors
- 1.Shareholder Rights Protection
- We protect the rights of our shareholders and respect their legitimate requests and suggestions.
- We build a relationship of mutual trust with our shareholders and investors and strive to maximize shareholder profits.
- 2.Equal treatment
- We treat all shareholders, including minority shareholders, fairly and equally.
- By making management decisions in consideration of the interests of all shareholders, the interests and rights of minority shareholders are not unfairly infringed upon.
- 3.Active provision of information
- We record and manage accounting data in accordance with generally accepted accounting principles to provide transparent financial status and management performance.
- Management information is provided in a timely manner in accordance with relevant laws and regulations so that information users such as investors can make rational investment decisions.
- 1.Shareholder Rights Protection
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Attitude towards suppliers
- 1.Fair trade with partner companies
- We pursue common development by establishing mutual trust and cooperative relationships with our partners through transparent and fair transactions.
- The company does not use its superior position to force or influence any form of unfair behavior.
- 1.Fair trade with partner companies
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Responsibility to Employees
- 1.Fair treatment
- We do not discriminate unfairly against executives and employees, and give them fair opportunities according to their abilities and qualifications.
- Evaluate and reward employees fairly by establishing evaluation standards for their qualifications, abilities, and achievements.
- 2.Creation of working environment
- We respect the independent personality and basic rights of our employees and strive for a healthy and safe work environment.
- In order to nurture executives and employees into enterprising and creative talents, professional education programs are continuously developed and actively supported to support self-realization along with talent development.
- 1.Fair treatment
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Responsibility to society
- 1.Compliance with domestic and foreign laws
- As a member of the country and local community, the company not only complies with various laws and regulations, but also complies with all international laws and regulations.
- 2.Contribution to national economic and social development
- The company contributes to the development of the national economy and society by improving productivity, creating jobs, and paying taxes in good faith.
- Ensuring and actively supporting executives and employees’ participation in healthy social activities and volunteer activities.
- 3.Environmental protection
- The company protects nature and strives to preserve a clean environment.
- 1.Compliance with domestic and foreign laws
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Basic Ethics of Employees
- 1.Establishing a sound corporate culture
- Employees share the company's management philosophy, empathize with the goals and values pursued by the company, and diligently carry out the mission assigned to them according to the company's business policy.
- Employees live on site, live together with the site, and observe basic order.
- Employees create an organizational culture based on smooth communication and mutual trust between superiors, subordinates and colleagues within the company.
- Employees do their best to perform their assigned duties in a legitimate way and comply with all relevant laws and company regulations related to work.
- 2.Prohibition of Conflict of Interest
- Employees strive to prevent any act or relationship that conflicts with the company, and in the event of a conflict of interest between the company and individuals or departments, the company's interests are prioritized and acted upon.
- 3.Prohibition of use of inside information
- Employees do not trade stocks using inside information acquired in the course of their work.
- Employees do not provide undisclosed important information that may affect stock prices to third parties without following legal procedures.
- 4.Protection of company property and important information
- Employees must protect the company's physical properties, intellectual property rights, trade secrets, etc., and do not use them for personal purposes.
- Employees shall not pursue personal gains using their positions or engage in unfair trade practices using non-public information obtained from the company.
- Employees do not leak important information that may affect the company's profits.
- 5.Sexual harassment prevention
- Executives and employees shall not engage in any language or behavior that harms healthy fellowship, including physical, verbal, and visual language or behavior recognized as causing sexual humiliation.
- 6.Prohibition of political involvement
- Executives and employees do not engage in political activities within the company during working hours, and do not use the company's organization, manpower, and property for political purposes.
- The suffrage and political opinions of each executive and employee are respected, but each individual's political views and political involvement must not be misunderstood as the company's position.
- 7.Prohibition of accepting money and entertainment
- Employees do not receive money, gifts, or entertainment from stakeholders such as business partners.
- Employees shall not provide money or other valuables or gifts or entertainment beyond the scope accepted by social norms to stakeholders, such as business partners, in connection with company business.
- Executives and employees do not give and receive money or valuables or excessive gifts and entertainment to each other.
- 8.Compliance with the Code of Ethics
- All executives and employees and stakeholders (partners, subcontractors, etc.) must faithfully comply with the Code of Ethics, and in case of violation, take responsibility for the act.
- Sow executives and employees and stakeholders (partners, subcontractors, etc.) must immediately report it to the department in charge of the Code of Ethics if they are forced to act against the Code of Ethics or if they recognize an unfair act.
- The company does not tolerate any retaliatory measures, penalties, or unfavorable treatment for reports, and responds to confirmed retaliatory measures with a zero-tolerance principle.
- The company prevents the recurrence of violations of the Code of Ethics by employees by thoroughly identifying the cause and providing training.
- 1.Establishing a sound corporate culture
Chapter 1: General Provisions
Article 1 (Purpose)
The purpose of these guidelines is to enable executives and employees of MJ Vision Tech Co., Ltd. (hereinafter referred to as “Company” or “MJ Vision Tech”) to properly understand and practice the code of ethics and to make decisions regarding ethical conflict situations that may arise during the performance of work. It provides standards for judging behavior and guides compliance with all anti-corruption laws and regulations applicable to the company (hereinafter “Anti-Corruption Laws”), including the Act on Prohibition of Improper Solicitations and Acceptance of Money, etc. (hereinafter “Anti-Corruption Act”). The purpose is to do this.
Article 2(Definition of terms)
The definitions of terms used in these guidelines are as follows.
- 1.‘Money’ or ‘value’ refers to cash, securities, and other economic benefits.
- 2.‘Entertainment’ or ‘hospitality’ refers to benefits such as meals, drinking, sports, and entertainment.
- 3.‘Convenience’ refers to support such as transportation, lodging, tourist information, and events, excluding money or entertainment and hospitality.
- 4.‘Stakeholder’ refers to all natural persons, corporations, and organizations inside and outside the company whose tangible and intangible profits and losses are affected by the actions or decisions of executives and employees related to work.
Article 3(Applicability)
These guidelines apply to members (including contract workers, dispatched workers, etc.) working at MJ Vision Tech. However, business partners who have a transaction or contractual relationship with the company are encouraged to comply with the company's anti-corruption and ethical standards.
Article 4 (Principles of Conduct)
If MJ Vision Tech executives and employees find themselves in an ethical conflict situation in relation to the performance of their duties, they must make judgments and act based on the Code of Ethics and these practical guidelines. However, if the judgment criteria are not clearly defined in the practice guidelines, you must judge and act in accordance with the following decision-making principles. If you are not confident in your judgment, inquire or consult with the organization's leader or the ethics management department. You must act according to that interpretation.
- 1.Legality: Are your actions likely to be interpreted as a violation of laws or company regulations?
- 2.Transparency: Can you disclose your decision-making process and contents?
- 3.Rationality: Would other members make the same decision in the same situation?
Chapter 2 Code of Ethics(Prevention of Corruption)
Article 5(Basic Principles)
- 1.The company's policy is to conduct business ethically and prohibit bribery, and prohibits all forms of bribery and corruption.
- 2.When conducting business, the company's executives and employees must comply with anti-corruption laws, uphold the company's core values, and maintain the company's reputation for being “integrity.” Company officers and employees must comply with these Guidelines at all times and may be asked to confirm that they understand and comply with these Guidelines.
- 3.Any third party transacting with the company must not directly or indirectly offer, propose, promise or approve any bribe in relation to transactions with the company in accordance with these guidelines, and must not take any action that causes the company to violate relevant anti-corruption laws and regulations. This should not be done.
Article 6(Prohibitions)
- 1.Company officers and employees may not directly or indirectly suggest, promise, provide or approve bribes or kickbacks to stakeholders in order to obtain inappropriate business or other benefits for the company.
- 2.Company officers and employees may not propose, promise, provide or approve any improper solicitation or money or valuables prohibited by the Act to those subject to the Anti-Graft Act.
- 3.Company officers and employees may not use illegal or inappropriate means (including bribes, monetary payments, confidential fees or other compensation) to influence the actions of stakeholders.
Article 7(Receiving gifts, entertainment, etc.)
Executives and employees must perform all management activities fairly and transparently.
- 1.Regardless of job-relatedness or purpose, gifts or entertainment must not be provided to stakeholders.
- 2.Executives and employees must not accept gifts or entertainment from stakeholders such as customers, partners, or other cooperative companies, regardless of job-relatedness or purpose.
- 3.The prohibition on receiving gifts, entertainment, etc. applies to all forms, both direct and indirect.
Article 8 (Acts of receiving bribes from interested parties)
- 1.Giving or receiving money or valuables
- ①If an interested party offers money, it must not be accepted; it must be politely declined and returned.
- ②If you unavoidably receive money, you must report it in accordance with the “internal reporting system” and handle it as follows.
- Money must be remitted or returned to the stakeholder or affiliated company that provided the money through a means that can prove the return in the name of the recipient.
- In principle, the procedure for returns is to report through the “internal reporting system” and be confirmed by the person in charge of the ethics management department and then processed according to the established procedures. In handling the case, the department in charge sends a letter to the representative of the interested party along with a copy of the bank transfer slip in the name of the executive, expressing gratitude for the reason for returning the money, thanking them for their sincerity, and requesting that the same case not be repeated in the future. Should be.
- 2.Receiving a Gift
- ①If an interested party gives a gift, it must be politely declined and returned. However, in the case of promotional items or discount benefits, anyone can receive them if permitted, but if the benefit is intentional, it is considered a gift.
- ②If you are not aware that a gift has been given by an interested party, or if it would be rude to refuse or return it immediately, you must handle it as follows.
- The gift recipient reports the gift along with the gift to the ethics management department in accordance with the “internal reporting system.”
- The team leader of the ethics management department decides and executes measures such as return or donation to the provider.
- Returns are carried out in the same manner as in the case of “receiving money or valuables” in Article 8, Paragraph 1, donations are made in the name of the gift giver or the representative of the relevant company, and proof of donation is received, showing the fact that the donation was made and expression of gratitude for the sincerity. , a letter requesting to prevent recurrence of the same case must be sent in the name of the relevant executive along with a copy of the certificate.
- If it is difficult to make a decision because it is not specified in other guidelines, a decision and action will be taken in consultation with the ethical management department.
- 3.Prohibition on burdening costs(passing on reversal costs, etc.)
- ①Stakeholders should not be called out for entertainment with business associates or department dinners and asked to bear the cost, or they should not ask for or receive a settlement amount by handing over a receipt.
- ②If you happen to meet a stakeholder at a place such as a department dinner and the stakeholder calculates the cost first, cancel the cost payment to invalidate it, or if not possible, report it to a higher level manager and treat it as personal funds or expenses depending on the case and then understand. It must be returned to the relevant person.
- 4.Entertainment and Hospitality
- ①With the approval of a superior manager, you may receive customary entertainment such as meals and wholesome entertainment for the sake of work cooperation, but only if they are not prohibited by law or business practices.
- ②Even meals for business cooperation must be avoided or sanctioned if the level exceeds the specified limit or if there is concern that the meal may degenerate into entertainment for prohibited matters.
- ③Employees must not be entertained at official gatherings or sporting events such as golf or skiing where the costs are borne by stakeholders if the company approves them in advance.
- ④If it is difficult to make a decision because it is not specified in other guidelines, a decision and action will be taken in consultation with the ethical management department.
- 5.Convenience Provided
- ①Convenience should not be requested or accepted from stakeholders.
- ②The convenience provided is not prohibited by law or custom and is permitted only when it is provided to a large number of people or when it overlaps with the use of interested parties. In other cases, an appropriate price for the convenience must be paid.
Article 9(Illegal acts in selection of partner companies)
- 1.granting a fair opportunity
- ①Restrictions on participation: To select specific cooperation or partners or to exclude companies that avoid
- When transaction conditions such as price and quality are exclusively selected
- When the transaction area is limited without any acceptable reason
- When the transaction target is limited for inappropriate reasons
- ②Discrimination: To give preference to preferred companies or disadvantage companies to avoid.
- When delivery prices are differentially applied or quality conditions are applied differently.
- When adjusting transaction volume or determining transaction priority through collusion
- When advocating for a specific company to protect the existing company or maintain relationships with retirees/academics/locals, etc.
- ①Restrictions on participation: To select specific cooperation or partners or to exclude companies that avoid
- 2.Unfair Trade Practices
- ①Unfair transaction: An act of unilaterally adjusting the transaction terms without prior consultation or intentionally delaying payment, etc., when a reason for change in the contract terms arises within the contract period.
- ②Unfair support: An act of providing unfair support for the purpose of securing an advantage for a specific partner company.
- The act of providing funds or manpower to a specific company without justifiable reason.
- When transferring or leasing company assets at a low or free price
- ③Business Interference: Intentionally interfering with the business activities of a partner company
- Unfair use of a partner company’s technology, manpower, and equipment
- Malicious interference with transactions with competing companies
- Unauthorized leakage of information from affiliated companies or partner companies, etc.
- Other acts of interference for the purpose of disadvantage
Article 10(Approval)
- 1.Company executives and employees must follow the execution and approval procedures set by the company in relation to gifts, entertainment, etc.
- 2.If company executives and employees have any questions about whether it is appropriate to provide a specific gift or entertainment, they may contact the ethics management department.
Article 11(Operation of guidelines)
- 1.Responsibility
- ①Executives and employees have an obligation to comply with the code of ethics (anti-corruption) practice guidelines, and for any matters in question, they must inquire and consult with the organization's leader or the department in charge of ethical management and act according to their interpretation.
- ②The leader of an organization is responsible for actively supporting and managing its members and business-related stakeholders to properly understand and comply with the company's code of ethics (anti-corruption) practice guidelines. In addition, we must set an example for others by complying with the code of ethics (anti-corruption) practice guidelines through sincere and responsible decision-making and action.
- 2.Reporting of violations and protection of informants
- ①Executives and employees who become aware of violations of the code of ethics (anti-corruption) practice guidelines must actively protect the company and its executives and employees from such acts by reporting or reporting them to the organization's leader or the department in charge of ethical management so that they can be resolved as soon as possible.
- ②Executives and employees will not suffer any disadvantages for making legitimate reports.
- ③Details of consultation, reporting processing, and informant protection follow the “Internal Reporting System,” and the counseling and reporting channels are as follows.
- Website : mjvisiontech.com (Customer Support - Online Report)
- E-mail : mjvt-whistle@ph.co.kr
Article 12(Guideline Operation)
- 1.You must not cause loss to the company by not performing the tasks given to you by your position/position (or tasks for which you have been given responsibility through instructions).
- 2.You must be responsible for the results of the work given to you by your position/position.
- 3.You must fulfill your obligation to manage and supervise your subordinates.
- 4.You must not give unreasonable instructions to your subordinates that are unrelated to the company's work.
- 5.You must not arbitrarily make decisions or make official promises outside your scope of work.
- 6.Employees must not affect their job performance or damage the company's reputation through promiscuous private life or unacceptable behavior.
- 7.When attending an official external event, forum, training, etc. as a panelist or lecturer, you must obtain prior approval from the company.
MJ Vision Tech declares the Six Principles of Human Rights Management to protect the human rights of all stakeholders in the group and prevent human rights violations, and will do its best to practice them.
- 1.Prohibition of Forced Labor and Child Labor
- The company guarantees free will labor for all executives and employees, and does not force labor against free will by mental or physical restraint, including slavery and human trafficking.
- The company complies with the minimum employment age set by each country or region in which it operates, and does not allow any form of child labor.
- 2.Wages and Benefits
- The company guarantees the minimum wage stipulated by the labor-related laws and regulations of each country or region in which it operates, and pays reasonable wages for work.
- The company subscribes to social insurance, provides vacations, and complies with relevant laws and standards in accordance with the internal welfare regulations of each country or region in which it operates.
- 3.Working hours
- The company complies with the standards for regular working hours and overtime hours set forth in labor-related laws and regulations of each country or region in which it operates.
- 4.Working conditions
- The company complies with the standards of environmental, health and safety-related laws and regulations applicable to each country or region in which it operates, so that all employees can work in a pleasant and safe working environment.
- 5.Freedom of Association and Collective Bargaining
- The company respects and guarantees freedom of association and collective bargaining rights stipulated by labor-related laws and regulations of each country or region in which it operates.
- The company and its employees strive to maintain and develop labor-management relations based on mutual trust.
- 6.Anti-harassment and discrimination
- The company shall not take advantage of its position in the workplace to cause physical or mental pain beyond the appropriate scope for work or to deteriorate the working environment.
- The company prohibits discrimination for any condition, such as gender, race, country, ethnicity, disability, religion, academic background, or age, and does not discriminate on working conditions such as wages and promotions for the same reason.