JEONG-DO MANAGEMENT

Beyond the basic corporate responsibility of creating profits, which is the condition of a permanent company, and complying with laws and systems in the national society, the company pursues coexistence and co-prosperity through honest transactions with customers and fair dealing with partner companies, and fulfills its social responsibilities and obligations to stakeholders by providing rewarding and happiness to executives and employees.

- Based on transparent and correct decision-making that is faithful to principles and

   fundamentals.

- To compete fair and square and fulfill social responsibilities and  duties.

JEONG_DO MANAGEMENT  4 PRINCIPLES

INCREASE THE VALUE OF GROWTH

(1) Customer Value 

·    We have unlimited responsibilities and obligations to our customers. Always listen to the

    customer's opinion and keep the promise with the customer.

·    By providing custom value to customers and enhancing their value, trust is built and continued

    technological innovation is achieved to achieve mutual growth with customers.

·    Provide the highest quality goods and services with customers and build trust with customers at

    reasonable prices.

(2) Value of Members

·    Be proud and rewarding through trust and respect among executives and employees and fair

    treatment based on their abilities and achievements.

·    Make members feel self-esteem about their jobs, give them various educational opportunities for

    developing skills, conduct fair evaluation rewards, and achieve managerial innovation through

    open communication with employees.

·    To respond to rapidly changing business environments, we must grow into members who actively

    create value, and to achieve sustained growth based on cooperation in all sectors.

·   Respect the privacy of individuals and achieve a mature organizational culture through trust and

    understanding. 

·    Do not discriminate on the grounds of sex, region of origin, marriage, race, nationality, religion, etc. 

(3) Maximizing Company Value 

·   Fast and strong companies, achieving the best efficient management through accurate judgment

    and quick decision making.

·    Realize sustainability by fostering talent, internal management, expanding R&D, strengthening

    sales power, enhancing productivity, and realizing new businesses

CORPORATE CULTURE SETTLEMENT

(1) Faithful to basic ethics and principles  

·    Share visions, clarify responsibilities, and pursue fundamental thinking through mutual

    cooperation.

·    Staff have pride and pride, and always maintain an honest and fair attitude. 

·    Always strive to maintain individual dignity and honor with high ethical values.

·    Maintain the company's property well and protect the secrets of the company acquired on

    business.

·    The company's information assets, including business information and technical information,

    should be strictly managed in accordance with security management regulations. The disclosure

    and scope of information assets should be determined in accordance with relevant laws and

    regulations and company policies. 

·    Do not engage in work-related antisocial, immoral, or unethical conduct in everyday life. 

(2) Spreading out self-esteem and mission  

·   Increases innovative thinking through increased autonomy in understanding and self-

   determination of Mission.

·   Executives faithfully carry out their respective missions in accordance with the company's vision

    and policy.

·    Self-establishing a desirable talent award and making constant efforts to meet the talent award

    through constant self-development.  

(3) Implementing the norms of fairness and integrity  

·   Competition in good faith between each other based on the basic ideological rules of mutual

    relations, and do not take advantage through unfair methods.

·   Do your best to perform the given duties in a legitimate manner and comply with all relevant laws

    and regulations.

·    No form of monetary gain in relation to duties that may impede the impartiality of judgment is

    taken from interested parties.

FAIR COMPETITION AND TRADE

(1) Shared growth  

·    Pursue mutual development based on trust and cooperation through transparent and fair

    competition in accordance with the principle of free competition.

·    Consider partners as business partners and pursue relationships that trust each other and grow

    together. 

(2) Fair trade  

·    No agreement, information or exchange of opinions with competitors that unfairly restrict

   competition with respect to prices, types and specifications of goods, supply and terms of trade,

   methods, etc.

·   Do not use market dominance to influence all partners unfairly.

INNOVATION, REALIZATION OF VISION

(1) Discovering future growth engines through change, innovation, and creation

·   Change through innovation and discover new future-oriented projects through research and

    development.
·    Fostering the indomitable spirit of all members through vision sharing.
·    Globalization and high value added through the realization of New Biz.

(2) Avoiding conflicts of interest with the Company

·    Do not engage in any act that hinders change or innovation in the interests of the company and

    individuals.
·   Always seek change and realize rational innovation through change of view.

RESPONSIBILITY TO THE STATE AND SOCIETY

(1) Ethical business development

·  Conduct projects in respect of social values in all countries and regions around the world.
·  Promote business expansion on the basis of stable growth of the company.

(2) Contributing to the development of the State and communities;

·   To practice the philosophy of sharing management in respect of human beings, we strive to

    pursue  transparent management based on love, communication, and a strong sense of ethics,

    conduct

    various social contribution activities at home and abroad, and fulfill the responsibilities of social

    enterprises.
·   To contribute to national development through accurate reporting of tax and sincere payment.
·   Contribute to social development through active exchanges of culture, welfare and education with

   the local community and job creation.
·   Make utmost efforts to prevent environmental pollution and protect nature to preserve clean

    environments.  

Through ethical management based on growth value, win-win cooperation, VISION, responsible management, transparency and trust value, we will be reborn as a company that wants to trade with partner companies, a company that wants to work for executives and employees, and a company that fulfills its responsibilities to the nation and society. 

KEY POINTS FOR SHARED GROWTH

(1) Practicing Shared Growth

Strengthen R&D support for business partners

  ·   Authorization of companies that introduce performance sharing system and implementation of

      tasks.

 Joint R&D promotion for mutual growth with business partners

  ·    Configure a joint R&D consultative body and support technology sharing.

Strengthen support for productivity, quality innovation projects

  ·    Strengthen guidance on field visits to improve quality of business partners.

  ·    Support the establishment of IT-based collaboration systems.

Reinforcement of Green Partnerships with Business Partners

 ·    Building a low-carbon green management system for small and medium-sized enterprises

       through the foundation of green.

FAIR TRADE PRACTICE

(1) Reasonable contract

Guidelines for the conclusion of a good contract between large and small businesses
·   Effective delivery date determination and mutual consultation in case of emergency ordering

    machine materials.
·   Increase in raw material prices, change in exchange rates, and reflect factors of price increase in

    prices.
·   Decision of transaction price based on rational unit price calculation method.
·   Prohibit unfair reduction practices.
·   Cash payment in full of subcontracting charges.



(2) Obligations for issuing and preserving letters

Guidelines for desirable written issuance and preservation
·    Preservation of objects such as contracts (including revised contracts), confirmation of contracts,

     etc.
·   Configure internal review committee for subcontracting transactions.
·   Operating an unfair trade reporting center.



(3) Confidentiality agreement

·    Pre-establishment of "secret keeping agreement" when releasing technical data related to

     technical cooperation and joint research with business partners.