Founded in 2005 to increase national wealth and contribute to the growth of Korea’s finance industry
Officers/employees shall comport themselves with integrity and honesty and maintain high ethical standards.
Officers/employees shall be honest and sincere and uphold high ethical standards.
Officers/employees shall not commit unethical or unlawful acts.
Officers/employees shall not offer or receive benefits that exceed the scope of normal and customary practices (limit of KRW 30,000) in relation to performing the duties of KIC. In the event that officers/employees receive in excess of the standard scope, the case will be referred to the prosecutor’s office, as set forth below.
| Type | Value | |
|---|---|---|
| Receiving gift & entertainment within the scope of customary practices | Non-request | Not less than KRW 10,000,000 |
| Request | Not less than KRW 5,000,000 | |
| Receiving gift & entertainment provided in relation to performing the duties of KIC and not engaging in unlawful and unfair activities | Non-request | Not less than KRW 5,000,000 |
| Request | Not less than KRW 3,000,000 | |
| Receiving gift & entertainment provided in relation to performing the duties of KIC and engaging in unlawful and unfair activities | Non-request | Not less than KRW 3,000,000 |
| Request | Not less than KRW 1,000,000 | |
In the event that counterparties exceed standard business practice, for example, by providing unfair benefits (i.e. money, gift, entertainment), punitive actions may be taken against such counterparties, including but not limited to putting restrictions on new deals / trades and withdrawing KIC’s assets for a certain period of time. With respect to potential counterparties, certain punitive actions may be taken, including but not limited to being excluded from KIC’s candidate list for a certain period of time.
Officers/employees shall, in performing their duties, clearly distinguish between personal and company matters and shall not use the property of the Corporation for private purposes or use the budget of the Corporation for purposes other than those designated.
Officers/employees shall uphold basic manners when interacting with each other and refrain from impolite words/acts, the slandering of other officers/employees or other such acts.
Officers/employees shall record and manage accounting records and other information in an accurate and transparent manner and shall not, without going through the proper procedures, disclose to third parties or improperly use any information obtained in connection with their performance of duties.
The Corporation shall provide equal opportunities based on the abilities and qualities of individual officers/employees. The Corporation shall fairly evaluate and compensate the individual officers/employees with respect to their achievements and performance, and shall not discriminate against officers/employees based on their gender, academic background, age, religion, hometown, or physical disability.
The Corporation shall not be improperly involved in politics and shall not provide unlawful donations or expenses to political parties, politicians or candidates for election campaigns.
Officers/employees shall comply with international conventions and regulations related to investment and trade, such as the Anti-Bribe Convention on International Commercial Transactions, respect the laws and cultures of, and contribute to the economic development of local countries.