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Ethical Management
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Based on the ethical management as the source of sustainable growth, Young Poong Electronics performs its corporate activities transparently and fairly,
On the basis of the reliability between the company and society, between the company and employees, and between employees and society, the company makes its constant effort to establish its reliable, transparent, and rational image.
Core Values of Ethical Management
Code of Ethics
Young Poong Electronics Co., Ltd. respects the economic order of free market for free and fair competition, and pursues the common interests of all those concerned on the basis of mutual reliability and cooperation. In order to become an enterprise supported by society, employees and neighbors, the company pledges to declare and fulfill the following code of ethics to establish the standards of desirable actions and values for all executive and employees.
Young Poong Electronics Co., Ltd. and its executives and employees are faithful to the basics.
First, we thoroughly follow and fulfill work standards.
Secondly, we consider the basics important and take action according to the basics.
Young Poong Electronics Co., Ltd. and its executives and employees respect customers.
First, we think and act from the point of view of customers
Secondly, we are thankful for customers’ opinions and solve their problems quickly.
Young Poong Electronics Co., Ltd. and its executives and employees challenge competition with quality.
First, we thoroughly meet customers’ requirements.
Secondly, we supply products with the best quality.
Young Poong Electronics Co., Ltd. and its executives and employees act rightly.
First, we don’t compromise with injustice and act honestly.
Secondly, we think fairly and make a judgment rightly.
Young Poong Electronics Co., Ltd. and its executives and employees contribute to society.
First, we service society through our business.
Secondly, we find things for our contribution to society and support and fulfill them continuously.
Action Guide
Young Poong Electronics Co., Ltd. respects the economic order of free market for free and fair competition, and pursues the common interests of all those concerned on the basis of mutual reliability and cooperation. In order to become an enterprise supported by society, employees and neighbors, the company pledges to declare and fulfill the following code of ethics to establish the standards of desirable actions and values for all executive and employees.
Relationship with Partner Firms
All transactions are conducted according to the principle of free competition on the assumption that the equal opportunity of participation is guaranteed. Mutual reliability and cooperative relation are established through transparent and fair transactions. To pursue the mutual development from the long-term perspective, each of the following actions is prohibited.
A. Acceptance of bribes from any business partners
B. Treats from any business partners
C. The act of letting the cost of dining get paid by a business partner
D. The act of providing corporate manpower and equipment to a business partner
E. Any payoff scandal with business partners
F. Equity investment in business partners
G. The act of purchase at high price (including subcontracting construction)
H. All executives and employees comply with each of below guidelines, establish a right view of value as YPE people with their belief of honesty and fairness, and complete their mission by fulfilling their jobs fairly.
Cost Processing
A. Prohibition of the act of exclusive use of expenses
B. Prohibition of any additional expenditure for congratulations and condolences other than ones defined in the rules of welfare benefits
C. Prohibition of a farewell gift in case of seniors’ job displacement or foreign business trip
D. Prohibition of the act of executing expenses without evidence
Prohibition of illegal acts and clear differentiation of public and private matters
A. Prohibition of jobs as a sideline and after work
B. Prohibition of private trading of real estate with business partners
C. Unfair and coercive business with business partners of kin
D. Prohibition of private use of corporate assets
Relationship between subordinates and superiors in organization
A. Prohibition of superiors’ coercive recommendation of business partners
B. Prohibition of dereliction of superiors’ duties and their abetment of unjust instructions
C. Prohibition of superiors’ request of money and treats to subordinates
D. Prohibition of payoff scandal between employees
E. Differentiation of gifts and bribes
F. Prohibition of unofficial clubs based on school tie and regionalism beyond the promotion of friendship in company
Security relationship
A. Prohibition of private use of information obtained at work
B. Prohibition of information exchange with competitors