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Ethical Management and Compliance

SK Rent-a-Car continues to strengthen the compliance system to comply with related laws and regulations and to embody business ethics

SK Rent-a-Car practices compliance management and operates the Compliance Program(CP) in our proactive efforts to embed the compliance culture in our business.

What is the Compliance Program(CP)?

The Compliance Program is a system internally operated to abide by fair trade-related laws, which suggests a clear guideline of conduct to prevent law violations in advance.
Our CP is designed and operated in consideration of the nature of the business we are engaged in.

  • 8 Core Elements of the Compliance Program
    1. 1. Establish and implement the CP criteria and procedures
    2. 2. CEO’s will and support for compliance
    3. 3. Appoint a Chief Compliance Officer in charge of CP operations
    4. 4. Prepare and utilize a compliance manual
    5. 5. Continuous and systematic education sessions on compliance
    6. 6. Build an internal monitoring system
    7. 7. Punish employees violating fair trade-related laws and regulations
    8. 8. Effectiveness evaluation and improvement measures
    Compliance Guidelines
Declaration of the CEO’s statement for voluntary compliance

Dear respected members,
As a leading player in the forefront of the domestic rental car business, SK Rent-a-Car has established a transparent and fair-trade culture and practiced genuine ESG and ethical management to enhance the corporate social value. Along with our efforts, we have been continuously improving the internal compliance system with reference to the environment for fair trade in line with the global competition era, a risk serious enough to threaten the existence of companies violating fair trade-related laws and regulations.

SK Rent-a-Car intends to develop the Compliance Program(CP) to continue our move towards achieving our main goal.
The Compliance Program(CP) is a system internally operated for the company to abide by fair trade-related laws, which is a system to effectively manage fair trade-related risks that are possible in business. The company adopts the program to systematize and quantify fair trade-related risks, making a leap forward as a sustainable firm.
We appointed a chief compliance officer who is responsible for overall CP operations. The officer has the actual authority and responsibility for its effective operation. From now on, we will establish a concrete code of conduct and guidelines to prevent fair trade-related risks so that our compliance system acts as a stronger and more effective measure.

Most of all, we definitely need your active support and participation in the program to be established and spread throughout the company. Please pay attention to CP-related activities to come and participate in our reporting system if you encounter fair trade-related violations within the company.

SK Rent-a-Car will reward employees who have contributed to the vitalization of CP within the company and make sure that those violating related laws and regulations receive heavy punishment, all of which are our efforts to establish the compliance culture within the company. We would regularly disclose its activities and performance at our website outwardly. We promise to build trust with respect to a fair and transparent corporate culture for our stakeholders. We appreciate your support.

CEO of SK Rent-a-Car Co., Ltd. Yi Chong-hwan

The current status of CP operation

Implemented items CP performance
Established and implemented the CP criteria and procedures

Established the regulations on CP operation
CEO’s statement and support for voluntary compliance

Announced CEO Message
Appointed a chief compliance officer

Designated a chief compliance officer
Prepared/Utilized a compliance manual

Established and announced a compliance manual
Organized education/training sessions on compliance

Conducted compliance education for all employees and by related division
Built an internal monitoring system

Operated self-inspection system by division with the compliance checklist and risk identification/control system
Restrictions to employees violating fair trade-related laws and regulations

Punishment for illegal act

Set up a hotline for reporting law violations
Evaluated its effectiveness and took measures for improvement

Reported CP performance and plan to the board of directors

The current status of CP operation(information disclosed)

SK Rent-a-Car’s Chief Compliance Officer & Hot Line for Reporting

  • SK Rent-a-Car’s
    Chief Compliance Officer

    85, Cheonggyecheon-ro, Jongno-gu, Seoul,
    Republic of Korea(Samil Bldg., Gwancheol-dong)

  • Hot Line for Reporting

    TEL. 02-6474-5649

Matters for Reporting

  • Unfair common action of stakeholders, including bid rigging for the purpose of doing business with our company
  • Actions or behaviors violating the rules for subcontractors’ fair transactions
  • Other unfair transactions such as abusing one’s authority in transactions
  • Unfair treatment of whistleblowers and exposure of their identification
  • Unfair transactions, including unfairly inducing customers, as specified in the Fair Trade Act, Fair Labeling and Advertising Act and Subcontracting Act
  • Reporting malpractice and unfair transactions of business partners
  • Actions or behaviors of accepting bribes, hospitality and/or convenience from stakeholders
  • Those engaged in cases of bribery, embezzlement, etc.
  • Actions or behaviors to gain unreasonable profits or cause damages to the company with his/her position or job
  • Actions or behaviors that impede fair execution of others’ duties for their own or other’s interest
  • Actions or behaviors leaking trade secrets and customer information without permission

Whistleblowers Protection

  • Ensures confidentiality of the whistleblower’s identity and reported information
  • Prohibits exposure of the whistleblower’s information and tracking down whistleblowers
  • Prohibits discrimination and unfair treatment of whistleblowers
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