On the 16th, Hyundai Steel announced that it has been recognized for its global-level compliance management system by obtaining 'ISO 37301' certification, an international standard for compliance management systems.
The certification ceremony was held at Seongnam Pangyo Office in Gyeonggi Province with Vice President Seo Sang-won of Hyundai Steel and Chairman Park Jae-kyu of the Korea Fair Competition Alliance in attendance. Hyundai Steel and the Korea Fair Competition Alliance shared the certification promotion process and key achievements, and discussed operational directions to continuously enhance the effectiveness of compliance management systems.
ISO 37301 is an international standard for compliance management systems established by the International Organization for Standardization (ISO). It comprehensively evaluates whether a company has a management system in place to comply with laws and internal standards related to business activities and to prevent and manage compliance risks.
During this certification evaluation process, Hyundai Steel closely analyzed the company's business environment and stakeholders' requirements, assessed compliance risks that could occur during key business processes, and established management plans and improvement tasks.
Furthermore, it strengthened its corporate-wide management system to ensure that compliance becomes embedded in employees' daily work by establishing a system where frontline department personnel directly check and improve compliance risks that may arise in their operations.
Hyundai Steel plans to further advance its management system based on ISO 37301, leading from compliance risk assessment to internal audits, executive reviews, and improvement activities. Through this, it intends to actively respond to continuously strengthening external demands such as ESG evaluations and supply chain diagnostics by global customers, while enhancing corporate trustworthiness.
A Hyundai Steel official stated, "This certification is significant as it has advanced the compliance management activities we have pursued so far to a higher level in line with international standards," adding, "Going forward, we will continuously strengthen our management system to ensure that compliance takes deep root in employees' work and decision-making."
in INDUSTRY
