Fair Trade
Organization
POSCO’s Legal Affairs Office leads the company’s voluntary Fair Trade Compliance Program. The office is responsible for the comprehensive management of risks related to fair trade laws and regulations and provides key compliance support, including employee consultations, training and campaign.
Compliance Council
The program is overseen by the Head of the Legal Affairs Office, who also serves as the Fair Trade Compliance Manager appointed by the Board of Directors. We also operate a Compliance Council, comprised of department heads from functions closely tied to fair trade. Complementing this, our Fair Trade Practice Leader system offers practical assistance in implementing the compliance program.
Operational Status
Fair Trade Compliance Program
POSCO defines its Fair Trade Compliance Program (CP) as an internally developed and managed system designed to ensure adherence to fair trade laws and regulations. Since 2002, we have operated this program to prevent legal violations and promote corporate transparency by providing employees with clear conduct guidelines related to fair trade.
CP Operational Status
Since the launch of the CP in 2002, POSCO has built a fair trade compliance framework based on the three core pillars of prevention, detection, and response to effectively manage legal risks. In accordance with the Fair Trade Commission’s guidelines, we have adopted the eight key CP elements and established a Compliance Council to reinforce the program’s implementation.
POSCO’s Fair Trade CP Management Framework
POSCO’s Fair Trade CP Management Framework(Eight Key CP Elements & Compliance Council)
CP Operational Status
Compliance Program (CP)
POSCO has operated a CP since 2002 to prevent violations of antitrust laws and regulations and to enhance corporate transparency.
Compliance Manual and Training
POSCO has published the Fair Trade Compliance Manual to guide employees in adhering to fair trade laws and regulations. We regularly update the manual to reflect the latest legal developments and have developed a mobile application to improve accessibility for all employees.
Self-Inspection System and Compliance Council
POSCO conducts risk assessments for potential legal violations through the Fair Trade Self-Inspection Checklist, led by the relevant departments. We have also established a Compliance Council consisting of department heads responsible for fair trade, along with designated compliance practice leaders, to oversee the implementation and operation of the Fair Trade CP.
Risk Management
Counseling and Reporting Center
POSCO operates the Fair Trade Counseling and Reporting Center, enabling employees to submit inquiries regarding fair trade and report unfair trade practices at any time. There are no restrictions on who may file a report—any individual can report unfair practices, and all submissions are handled with strict confidentiality.
Metrics and Targets
Performance
| 2024 Results | 2025 Targets |
|---|---|
|
- Received an AA rating for the Compliance Program (CP) from the Fair Trade Commission - Published a Greenwashing Compliance Guide - Established customized compliance training programs for each department |
- Promote AI-powered video campaigns to raise compliance awareness - Provide compliance training and consulting services for suppliers - Enhance compliance education and promotional activities |