Chairman Woo Hee-jong Signs 'Job Integrity Contract'

*This content was translated by AI.

The Korea Racing Authority held a ceremony to sign a "job integrity contract" between Chairman Woo Hee-jong and a non-executive director of the board at the main building of Gwacheon on the 26th.

The signing ceremony was organized to further strengthen ethical management within the organization after Woo took office and to declare his willingness to become a public company trusted by the public at home and abroad.

The job integrity contract was signed based on the "Operation Regulations of the Job Integrity Contract for Korean Horse Association Executives," and the main contents include the integrity obligations that the head of the institution and other top management must comply with during their tenure and sanctions applied in case of violations.

The main contents included "fair job performance through compliance with laws and regulations," "prohibition of job-related bribery and intervention of interests," and "prohibition of leakage, mediation and solicitation of job-related information."

In particular, in case of violation of integrity obligations, economic sanctions such as the return of performance pay for management evaluation have been implemented separately from disciplinary action, thereby enhancing the effectiveness of responsible management.

Woo Hee-jong, chairman of the Korea Racing Authority, said, "The integrity of the institution starts from the example of top management.We will break away from existing practices and try to establish a strict work ethic so that the Korean Racing Authority can become an example of a transparent and trusted public company," he said.

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*This content was translated by AI.