Since the change in management in 2024, Namyang Dairy Products has been undertaking company-wide reforms to break away from the improper practices of the past and rebuild the trust of our shareholders and customers through transparent, fair, and ethical management. As part of this transformation, we established a dedicated compliance organization, launched a Compliance Committee composed of external experts from various fields, introduced an ethics hotline, and strengthened compliance training for our employees. These efforts go beyond institutional improvements. They mark the beginning of a fundamental transformation to rebuild our corporate operations based on transparency, fairness, and integrity.
Today, we have set our vision to become a leading company in compliance and ethical management. To achieve this vision, we focus on three core pillars: Compliance Management, Anti-Corruption, and Fair Trade. Through the establishment of Compliance Control Standards, we ensure that all business activities follow applicable laws and principles. Our Anti-Corruption Compliance Program strengthens preventive measures against misconduct and unethical behavior. Our Fair Trade Compliance Program promotes fairness and mutual growth across all business relationships.
Looking ahead, we will continue to establish ethical management as a fundamental principle of our corporate governance in line with our mid- to long-term roadmap. We will further enhance our policies, procedures, and management systems in accordance with recognized international and domestic standards. We will also pursue certification from reputable institutions to strengthen the credibility and objectivity of our ethical management framework.
Based on this commitment, we will continue to foster a transparent and fair corporate culture and strive to become a company trusted by all stakeholders including shareholders, customers, and business partners. Ethical management is not a choice. It is a responsibility we must uphold together. Through responsible management and consistent action, we will continue to do our utmost to earn the trust and support of our customers.
Thank you.
Namyang Dairy Products CEO Kim Seung-eon
