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Home About Hankook Tire Company Hankook Tire Corporate Governance Code of Ethics

Hankook Tire Corporate Governance

To sustain transparent and accountable corporate principles, Hankook Tire Corporate Governance has embraced a corporate governance system which recognizes and deals with a wide range of ethical issues to better manage our company and make decisions that benefit all stakeholders.

To sustain transparent and accountable corporate principles, Hankook Tire Corporate Governance has embraced a corporate governance system which recognizes and deals with a wide range of ethical issues to better manage our company and make decisions that benefit all stakeholders.


Chapter 1 General Rules

Article 1 (Purpose)

This regulation aims to establish and develop the code of ethics of the company by presenting the correct behavior and value judging standards that shall be obeyed to the employees of the company so that all employees can understand and practice the ethical management policy of the company. It is for that purpose.

Article 2 (Scope of Application)

This regulation shall apply to all stakeholders including employees of the Company and partner companies that have a business relationship with the Company.

Article 3 (Definition of terms)

  1. Company: Company includes Hankook Tire & Technology, and domestic and overseas affiliates.
  2. Employees: Employees and employees who receive wages in return for providing work to the company.
  3. Stakeholder: A person who is directly or indirectly related to the performance of the company and influences the decisions of the company and its employees.
  4. Decree: Laws and ordinances, enforcement regulations, and common law of the country where the Korean or overseas affiliates are located or the business of the company is operated.

Article 4 (Management Organization of Code of Ethics)

  1. The management organization of the Hankook Tire & Technology Code of Ethics shall be the Audit Team and the Ethics Management Committee.
  2. If it is not provided in this regulation or the interpretation of the regulations is unclear, it shall be subject to the interpretation and decision of the Audit Team or the Ethics Management Committee.

Chapter 2 Basic Ethics of Employees

Article 5 (Basic Principles)

  1. Comply with relevant laws and company regulations in the performance of business.
  2. Faithfully carry out the duties imposed in accordance with their position and position without harming the honor of the company.
  3. Do not discriminate against others on the grounds of nationality, race, sex, religion, social status, etc.
  4. Do not make any statements or actions that contain social and cultural prejudices such as sexual harassment or profanity.
  5. Avoid adverse effect on a corporate order, causing any fear of undermining the company's social reputation from sexual harassment, such as sexual harassment outside the company, or deteriorating trust relationship with nearby colleagues and the company.

Article 6 (Preparation and management of important information)

  1. Do not manipulate documents or counts intentionally or inadvertently, record and report all information accurately, and keep the documents in accordance with statute and company regulations.
  2. Do not obtain information in an unreasonable way and do not use it for fraudulent purposes or disclose it to a third party.
  3. Do not use software that violates laws and corporate regulations.

Article 7 (Fair Use of Company Assets)

  1. All assets (tangible assets, intangible assets) of the company are used for business purposes only and not for personal purposes.
  2. Do not reveal company's business secrets or use them unintentionally during or after retirement without prior permission or approval.
  3. Protect the rights of the company while respecting the rights of others regarding intellectual property.

Article 8 (partnership with partner companies)

  1. Form a reciprocal relationship with partner companies in accordance with the principles of good faith.
  2. Provide equal opportunities to all eligible suppliers and select suppliers in accordance with objective and fair judging criteria.
  3. Do not make unreasonable demands on suppliers by using superior position.
  4. The partner company shall be liable to the company if it fully understands the ethical management policy of the company, actively participates in ethical management activities.
  5. Observe laws and company regulations when trading between affiliates.

Chapter 3 Responsibility on Client, Shareholder, and Employee

Article 9 (Responsibility to Customer)

  1. Customer satisfaction is the highest priority of all judgments and actions.
  2. Customer information is not leaked to the outside or used for other purposes without prior consent of the customer.
  3. As a responsibility of the Leading Global Tire Company, which provides value and enjoyment to the customer, the company adheres to consumer protection laws and does not engage in excessive and false advertising and customer deceit.
  4. Adhere to fair competition principles without libeling or harassing competitors.

Article 10 (Responsibility to Shareholders)

  1. Respect the rights of shareholders, legitimate demands and suggestions by providing accurate and prompt management results.
  2. Record and manage financial statements in accordance with generally accepted accounting standards.

Article 11 (Responsibility to Employees)

  1. Respect the individual's basic human rights, such as the privacy, dignity, and personality of employees.
  2. Evaluate and adequately compensate employees for their ability and achievement in accordance with fair standards.
  3. Provide safe and pleasant workplace and office environment to employees.

Chapter 4 Ethical Management Organization Culture

Article 12 (Itemizing of Work)

  1. If there is a conflict between the interests of the company and the individual, the interests of the company shall be prioritized.
  2. Do not use the property of the company and its position to promote private interests, and do not engage in any misconduct such as embezzlement or utility of company assets.
  3. Do not trade securities, such as trading securities, using information acquired in the course of business.
  4. A company with a personal interest will report it to an advanced person in advance and will not exercise any unfair influence on the transaction.

Article 13 (Creating a sound organizational atmosphere)

  1. Create a work environment where employees can demonstrate proactive leadership through constant self-development.
  2. Maintain organizational culture based on mutual respect and mutual communication between top and bottom and peers.
  3. Forbid all gambling activities in and out of the company, and avoid luxury, waste, overuse, and overfeeding, and make a thrift economy.

Article 14 (Political Participation and Activities)

  1. Respect for the right to vote and political will of employees, but do not engage in political activities within the company.
  2. Employees shall not provide donations or expenses for political activities to political parties, politicians, and election candidates using the Company's assets.
  3. Do not use the company's personnel, facilities, equipment, etc. for the purpose of political activities as well as donations (money or goods).

Chapter 5 Priority on Environment, Safety, and Health

Article 15 (Environmental Protection)

  1. Observe international standards related to environmental protection, relevant laws and regulations, and company regulations.
  2. The environment deeply recognizes that all human beings should be preserved forever, and leads the efficient use of resources such as recycling of resources.

Article 16 (Safety and Health Consideration)

  1. Comply with safety regulations and standards and strictly observe safety regulations.
  2. Create a pleasant work environment and prevent safety accidents.

Chapter 6 Social Responsibility as a Global Company Citizen

Article 17 (Contribution to the State and Society)

  1. The company respects and abides by all laws and regulations, accounting standards and trading customs at home and abroad.
  2. Respect the principles of market competition and trade practices and trade practices; Do not take it.
  3. The company contributes to the development of national and local communities by creating jobs and earnest payment of taxes as a corporate citizen.
  4. The Company shall comply with laws and regulations such as the Foreign Exchange Control Law, and shall prepare the sources and names of funds in accordance with laws and accounting standards.
  5. The Company is a Leading Global Tire Company and faithfully fulfills the laws and regulations related to import and export.
  6. The Company shall endeavor to contribute to social contribution activities such as charitable donation for corporate social responsibility.

Article 18 (Global Entrepreneur)

  1. All business activities abroad shall be carried out in accordance with the laws and regulations of the countries concerned and with respect to the culture and traditions of each country.
  2. Comply with international agreements and laws for fair trade in each country (US Foreign Corrupt Practices Act, UK Bribery Act, OECD Anti-Bribery Convention, etc.).
  3. The Company shall prohibit the use of facilitation payments in violation of laws and ordinances to facilitate the processing of business.

Chapter 7 Obeisance of Code of Ethics

Article 19 (Basic Principles)

  1. Employees shall strictly observe the ethical rules as a basis for action and value judgment.
  2. The Company shall discipline its employees in violation of the Code of Ethics in accordance with the fine of discipline, but shall extenuate the circumstances when declaring voluntarily.

Article 20 (Obligation to report)

Employees should report the facts to the Audit team when they know that the actions of others, as well as others, are in violation of the code of ethics.

Article 21 (Protection of Infringer)

We must thoroughly ensure the confidentiality of the prospective identity of ethical management violations and protect them from any form of disadvantage.

Article 22 (Measures for Violation of Code of Ethics)

  1. If it is perceived or determined to have committed an activity that is inconsistent with the Code of Ethics, Audit activities may be carried out.
  2. If it turns out to be a violation of the Code of Ethics, it shall be referred to the personnel committee for deliberation and resolution.
  3. All officers, including managers, are responsible for training and managing their employees to comply with the Code of Ethics.
  4. This Code of Ethics shall be observed by the employees and stakeholders of the Company, and if it is violated, it shall exclude the generic penalties such as the exemption.


  1. The Hankook Tire & Technology Code of Ethics shall be enacted on August 1, 2001.
  2. The Hankook Tire & Technology Code of Ethics shall be amended on February 01, 2005.
  3. The Hankook Tire & Technology Code of Ethics shall be amended on July 15, 2007.
  4. The Hankook Tire & Technology Code of Ethics shall be amended on October 08, 2010.
  5. The Hankook Tire & Technology Code of Ethics shall be amended on April 01, 2013.
  6. The Hankook Tire & Technology Code of Ethics shall be amended on July 01, 2014.
  7. The Hankook Tire & Technology Code of Ethics shall be amended on August 01, 2017.
  8. Details on the prohibition of illegal gain such as money and money shall be separately determined in the "Handling of Unfair Benefit Including Money and Worth."
  9. The details of using social media are set out separately in 'Usage Tips for Social Media'.
  10. Hankook Tire & Technology's code of ethics shall be revised and effective from January 29, 2021.
    Details of “Prohibition of receiving unfair benefits such as Wealth” and “Use of social media” shall be separately determined in “Ethics Regulations Practice Guideline.”
  11. Hankook Tire & Technology's code of ethics shall be revised and effective from 2/24/2021.


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