Target declares strengthening 'Fair Trade Compliance Program'..upgrading the compliance management system

*This content was translated by AI.

Daesang declared strengthening the "Compliance Program (CP)" on the 5th and expressed its willingness to establish a fair trade order and upgrade compliance management.

The "Fair Trade Compliance Program (CP)" is an internal compliance system prepared by companies to comply with fair trade-related laws and regulations on their own. Target plans to use fair trade as the basis of market economic order and a core value for the sustainable growth of companies, and to practice transparent and ethical management through systematic internal management infrastructure. In addition, it plans to increase customer trust and secure market competitiveness through systematic operation of fair trade CP.

Daesang has laid the foundation for ethical management by running a compliance committee and establishing an environment to supervise and manage compliance with corporate ethics standards. It further specified the existing ethical code of conduct guidelines to enact the Compliance Policy, which regulates the direction of compliance management and standards for employee behavior, and selects major areas such as fair trade, ethical management, food hygiene, industrial safety, personnel management, and personal information and manages them intensively. In addition, the target obtained the Compliance Management System (ISO37301) certification for all workplaces in 2022, and was recognized externally for the effectiveness and reliability of the compliance management system.

Furthermore, from this year, the target will further strengthen its operating system, focusing on the fair trade self-compliance program, and expand customized compliance support activities that reflect the characteristics of each organization's work. To this end, the target proposed three principles: ▲ Strengthening the prevention of violations of laws and regulations related to fair trade and prompt corrective action ▲ Expanding education on fair trade for management and executives and employees, internalizing the autonomous compliance system within the organizational operating system ▲ Continuous advancement of the operation of the autonomous compliance program. The policy is to establish a culture of self-compliance with fair trade throughout daily work.

"Fair trade compliance is an essential factor for the company's continued growth," said CEO Lim Jung-bae. "By using 2026 as the first year of fair trade compliance, we will systematically operate a practical self-compliance system that reflects the characteristics of the food industry, and through this, we will further strengthen the trust of customers who have accumulated for a long time."

<© STARNEWS. All rights reserved. No reproduction or redistribution allowed.>

*This content was translated by AI.