Compliance
SK Square is committed to mitigating legal risks associated with its business activities and operations by developing an advanced compliance management system. Furthermore, it promotes initiatives to embed compliance management practices throughout the company.
Compliance Management System
SK Square is continuously advancing its compliance management system to achieve effective compliance management. To implement this systematically, it has established a policy framework, including internal compliance rules. In 2024, the CEO established and announced the “Compliance Policy,” formally declaring both internally and externally the company’s commitment to practicing compliance management. SK Square will continue to enhance its compliance management system to ensure its ongoing effectiveness.
SK Square Compliance Policy
SK Square hereby declares ‘Compliance Policy’ to maintain sustainable growth and foster stakeholder trust through the implementation of compliance management.
Section 1
SK Square is committed to fair and transparent compliance management by adhering to all applicable laws and regulations.
Section 2
SK Square establishes a compliance management system to foster a culture where personnel can proactively uphold legal and ethical standards.
Section 3
SK Square provides the necessary human and material resources to support compliance management.
Section 4
SK Square conducts activities to prevent legal risks.
Section 5
SK Square proactively diagnoses and addresses potential legal risks.
Section 6
SK Square conducts thorough post-incident reviews to rectify legal issues.
August 19, 2024
Representative Director Myungjin Han
Compliance Policy
| Compliance Policy |
Legal Risk Management
SK Square has established and operates a legal risk management system to proactively identify and address potential legal risks. First, SK Square conducts identification and assessment of legal risks at the company-wide level and thoroughly manages those that may arise during management activities and business operations. SK Square also effectively prevents legal risks through regular and ad hoc compliance audits. By assessing the effectiveness of the compliance management system, including compliance audits, and reporting the results to the Board of Directors, the company prevents or mitigates legal risks in a timely manner through continuous discussion and improvement.
Compliance Risk Management System
Board-level oversight of compliance audits and effectiveness assessments to ensure company-wide risk management and proactive issue resolution
Compliance Audit - Proactive identification of potential legal risks in business and corporate operation
Effectiveness Assessment - Assessing the effectiveness of the established and implemented compliance management system
Compliance Review and Monitoring of Portfolio Companies
SK Square operates a compliance review framework before and after investments to strengthen the legal compliance of portfolio companies and support their sustainable management. Prior to making an investment, SK Square uses tools such as a compliance checklist to comprehensively assess the target company’s compliance with laws and regulations, anti-corruption policies, anti-money laundering (AML) measures, and sanctions obligations. This process helps identify legal risks in advance and reflects them in the investment decision-making process. After the investment, SK Square conducts regular compliance reviews to encourage ongoing legal adherence by portfolio companies. The investment management team responsible for each portfolio company monitors major management issues, while the audit department checks whether companies comply with legal and ethical standards.
Fostering Compliance Culture
SK Square is dedicated to fostering a compliance culture by enhancing compliance awareness among its members and implementing practices to preemptively prevent legal risks that may arise from management activities and business operations. To this end, the company publishes legal newsletters and conducts regular training sessions and ad hoc training on current issues. Additionally, SK Square provides training to its subsidiaries to support them in establishing their own robust compliance culture.
| Category | Topic |
|---|---|
| Regular training | Mandatory compliance training covering privacy protection, disability awareness, and other legal requirements |
| Ad hoc training | Compliance training covering Financial Investment Services and Capital Markets Act, Improper Solicitation and Graft Act, and other relevant regulations |
| New hire onboarding training | Education on significant internal regulations and guidelines for requesting legal advice and assistance |
| Regular training for legal officers of subsidiaries | Monopoly Regulation and Fair Trade Act, Fair Transactions in Subcontracting Act, Personal Information Protection Act, etc. |
| Category | Topic |
|---|---|
| Regular training | Mandatory compliance training covering privacy protection, disability awareness, and other legal requirements |
| Ad hoc training | Compliance training covering Financial Investment Services and Capital Markets Act, Improper Solicitation and Graft Act, and other relevant regulations |
| New hire onboarding training | Education on significant internal regulations and guidelines for requesting legal advice and assistance |
| Regular training for legal officers of subsidiaries | Monopoly Regulation and Fair Trade Act, Fair Transactions in Subcontracting Act, Personal Information Protection Act, etc. |
