SK Square believes that ethical management constitutes the company's competitive edge and pursues sustainable happiness for all its stakeholders, including employees.
Scope of Application
Status of Pledge to Practice Ethical Management
|Percentage of employees signing on the pledge|
|Percentage of employees signing on the pledge||%||-||98||99|
Ethical Management System
Practicing Corporate Ethical Management That All Stakeholders Can Trust
|Code of Ethics|
|Code of Ethics Implementation Guide|
|BP Pledge of Ethical Practice (required to sign up to Open4U and attached to the standard agreement for contracts)|
Policy of Ethics and Anti-corruption Education
SK Square regularly conducts ethics education to internalize ethical management and spread an ethical culture. Moreover, it institutionalized compulsory ethics education for all employees(including part-time and contract work). It is reported that 97% of its employees attended ethics education in 2022.
Status of Ethics and Anti-Corruption Education
|Percentage of participation in ethics and anti-corruption education|
|Category||Unit||2021||2022 (Q2)||2023 Target|
|Percentage of participation in ethics and anti-corruption education||%||-||97||100|
Management Diagnosis (Audits)
SK Square conducts regular internal management diagnosis (audits) on ourselves and all subsidiaries under practical control of SK Square to eliminate ethical risks in advance and practice ethical management centered on prevention. In addition, we continue to improve the level of internal control on each major functions of the company through self-regulation system monitoring.
|Management diagnosis (audit) checklist|
|Management diagnosis (audit) cycle|
|Self-regulation system monitoring|
|Self-regulation system monitoring||
Management Diagnosis(audit) Status
|Number of management diagnosis (audit)|
|2022||2 (two subsidiaries)|
|2023(plan)||3 (three subsidiaries)|
|Number of self-regulation system monitoring areas|
|Number of management
|-||2 (two subsidiaries)||3 (three subsidiaries)|
|Number of self-regulation
system monitoring areas
Counseling and Reporting System
SK Square operates various channels that enable stakeholders to freely consult and report on ethical management in order to establish transparency and trust in ethical management. Reports received through the ethical management consultation and reporting system are handled promptly and fairly. The guidelines are also established and applied to protect whistleblowers.
Ethics Violations Reporting and Handling Process
Status of Reporting and Handling of Corruptions
|Number of violations of anti-corruption regulations|
|Number of ethical management issues reported|
|Percentage of valid reports (investigated cases)|
|Number of disciplinary actions due to unethical behavior|
|Number of violations of anti-corruption regulations||Case||0||0|
|Number of ethical management issues reported||Case||0||5|
|Percentage of valid reports (investigated cases)||%||0||100|
|Number of disciplinary actions due to unethical behavior||Case||0||0|
SK Square Anti-corruption Policy
SK Square invests in domestic and foreign companies with high-growth potential to create future innovation and pursue happiness and value maximization for employees and stakeholders. To this end, SK Square will establish and operate this Anti-corruption Policy based on ESG management as follows, and become a sustainable investment-specialized company.
Article 1. Prohibition of Corruption
All employees at SK Square are prohibited from engaging in corruption.
Article 2. Legal Compliance
All employees at SK Square are required to comply with domestic and foreign anti-corruption laws and the company’s regulations, guidelines, and operating procedures that are applicable to business conducts.
Article 3. Anti-corruption Management System
SK Square establishes an anti-corruption management system that meets global standards and shall continuously improve the level of anti-corruption management through implementation and monitoring by all its members.
Article 4. Reporting System
SK Square promotes employee participation in anti-corruption activities without fear of reprisal through encouraging the raising of concerns is good faith and implementing a protection policy for whistleblowers.
Article 5. Consequences of Non-compliance
SK Square takes appropriate disciplinary action strictly against personnel who violate the anti-corruption policy and discloses the consequences to employees.
Article 6. Authority and Independence
SK Square ensures the authority and independence of the organization and personnel in charge of the anti-corruption.
Article 7. Resolve for Anti-corruption
SK Square's management commit to support the efficient implementation of the anti-corruption management system.