Preface

1. Purpose

• Hyundai Steel aims to be a global company that contributes to humanity’s dreams with creative thinking and a relentless dive to overcome challenges. As the practice of ethical management is the keystone of such a goal, Hyundai Steel has amended its Ethics Charter and Code of Conduct to become a reliable partner for diverse stakeholders and increase value for our customers. All members of Hyundai Steel should comply with this Ethics Charter and Code of Conduct.

2. Coverage

• This Ethics Charter and Code of Conduct applies to Hyundai Steel, including production and sales corporate bodies at home and abroad, subsidiaries, and the executives and employees of Hyundai Steel should act in accordance with this Ethics Charter and Code of Conduct when dealing with suppliers and sales/service organizations. Executives and employees who work for organizations covered under the scope of this Ethics Charter and Code of Conduct should comply with local laws and perform their duties in accordance with the Ethics Charter and Code of Conduct. Moreover, all stakeholders holding contractual relationships with Hyundai Steel, hereinafter referred to as the “Company”, should respect the content and spirit of this Ethics Charter and Code of Conduct.
  All persons and organizations who fall under the scope of this document shall perform their duties in accordance with the regulations, policies and rules that guide this Ethics Charter and Code of Conduct. Where this Ethics Charter and Code of Conduct, and related regulations, policies and rules contradict local laws, the local laws shall prevail. In such cases, the Company may amend this document to reflect local legal and industrial obligations, and if necessary, may specifically establish detailed policies in response.

Five Guiding Principles at Hyundai Steel

• We shall perform our duties based on clear and transparent standards, and do our utmost to fulfill our responsibilities with integrity.
• We shall compete fairly in the market and conduct business ethically with parties that engage in contractual relationships with us.
• We shall provide safe products, exceptional services and accurate information, and we rigorously protect personal information to increase customer value.
• We shall respect our members as independent individuals, and to this end, we provide fair working conditions and safe working environments.
• We shall contribute to sustainable development by fulfilling our social & environmental responsibilities as a member of society, so that diverse stakeholders may prosper together in harmony.