Respect for customers

• We face our customers with the belief that what benefits our customers is also benefits to our company.
• We always think from the customer's point of view, respect customer opinions, and keep our promises to customers.
• We strive to realize customer satisfaction by providing only accurate information about products and services and providing the best products and services.

Compliance and Fair Competition

• In business and business activities, we comply with laws and regulations of all countries and communities, and respect social values such as customs and culture of the relevant country or region.
• Unethical and inappropriate behavior in the course of business activities is strictly prohibited, and the company does not compensate or protect against illegal and unethical behavior of its employees under any circumstances.
• We respect our competitors and take the lead in establishing a sound market order through fair and free competition with them.

Fair trade

• All transactions are conducted in accordance with the principles of free competition, which guarantees fair and equal opportunities for participation
• We do not use our superior position to exercise any form of unethical and inappropriate coercion or influence.
• We promote development together based on mutual trust with all trading partners.

Respect for shareholders.

• We strive to protect shareholders' investment returns by realizing profits through sound management activities.
• In order to maintain a mutual trust relationship with shareholders, corporate information is disclosed transparently in accordance with established laws and regulations, and the processing and reporting of accounting data is strictly in accordance with the standards and laws of the relevant country.
• All shareholders, including minority shareholders and foreign shareholders, are treated fairly, and management decisions are made in consideration of the interests of all shareholders so that the interests or rights of shareholders are not unreasonably infringed.

Responsibility and obligations to the country and society

• We faithfully perform the roles and duties required as a member of the state and society.
• We contribute to national development through job creation and faithful payment of taxes, and actively contribute to social service activities and cultural development.
• Rather than avoiding the social problems faced in conducting business, we identify relevant stakeholders and actively communicate and seek solutions.
• We actively strive for sustainable use of resources and energy and prevention of environmental pollution throughout our business and business activities.
• We strive to protect the environment by complying with domestic and international environmental laws and agreements and supporting environmental education for our employees.
• We follow the cleanliness and safety rules of the workplace and take appropriate actions immediately if any risk factors are found in the workplace.
• Active efforts shall be made to prevent serious accidents that endanger life and body safety due to defects in raw materials and products in production, manufacturing, sales, and distribution, and if defects are found, prompt and appropriate actions shall be taken.
• The company is not involved in politics, and executives and employees do not speak or act in a way that may cause an individual's opinion to be misunderstood as the company's political position.

Responsibilities to Employees

• We do not discriminate based on gender, educational background, region of origin, etc. in respecting the personality and thoughts of each employee and giving them opportunities to improve their abilities.
• We evaluate employees fairly and reward them fairly according to their abilities and achievements.
• We do our best to create working conditions where the creativity and abilities of our employees can be maximized, and we actively support the development of creative talent.
• We actively take necessary measures for the safety and health of our employees, and maintain a safe work environment from occupational accidents, injuries, calamity, disasters, diseases and transmissions.

Basic ethics of employees

• Employees have pride and self-esteem as Kolon people, and always maintain an honest and sincere lifestyle.
• With the attitude that each employee represents Kolon, we always protect the honor of Kolon people with polite behavior and dignified language.
• Executives and employees share the company's management philosophy, goals and values, faithfully carry out the mission assigned to each member according to the company's policy, and do not act against the interests of the company's stakeholders, such as shareholders, investors, and customers.
• Clearly distinguish between public and private, and do not pursue private interests by using one's position.
• In case of a conflict of interest between the company and the individual, the company takes precedence.
• Executives and employees shall not seek personal gain by using inside information obtained by using their position in the company.
• We respect the rights of others with respect to intellectual property while protecting their own rights.
• The company's trade secrets shall not be leaked to the outside without prior approval from the company during employment and after retirement.

Compliance with the Code of Ethics

• Executives and employees must faithfully abide by this Code of Ethics regardless of their position, and employees who violate this rule may be subject to disciplinary action.
• When executives and employees are coerced or aware of acts that violate this Code of Ethics, they must notify and consult with the audit organization, and the audit organization must take all measures to protect the parties against reports by employees.

Honest and transparent management
Prohibition of receiving gratuity from stakeholders

• Employees must not accept favors from stakeholders, regardless of the reasons, and should politely refuse or return any favors offered by stakeholders.
• Employees' family members should also refrain from receiving or demanding favors considered related to employees' duties from stakeholders.
• Basic types of practices considered unfair use of position to gain undue advantage, including those recognized as obtaining unfair benefits through position in general common sense.
• Monetary gifts (including cash, securities, and gifts), entertainment, and hospitality, as well as providing favors
• Borrowing, buying at discounted prices, and selling at inflated prices
• Repayment of debts, guarantees, and lending money
• Assurances for the future (promises of employment, job referrals, promises of contract agreements, etc.)

Prohibition of stakeholder participation and joint investment

• Personal investment or joint investment with stakeholders is strictly prohibited as it may influence the trading relationship with the company.

Prohibition of manipulation and false reporting of company-related information

• Recording and reporting of all financial · non-financial information related to the company's management and decision-making must be accurate and honest.
• Writing or reporting based on manipulated content such as concealment, exaggeration, or falsehood, and not sharing it with internal or external stakeholders.
• Writing or reporting based on manipulated content such as concealment, exaggeration, or falsehood, and not sharing it with internal or external stakeholders.

Fair trade and competition

• Fair trade and competition with partner companies
• Strict compliance with the "Monopoly Regulation and Fair Trade Act" in transactions with partner companies is required.
• When selecting partner companies, the best partners should be chosen based on fair and transparent principles, and these principles should be observed in all transactions, including not only bulk purchase contracts but also simple service contracts.
• If adjustments to transaction conditions with partner companies are necessary, they should be conducted through clear and transparent reasons and procedures.

Prohibition of bribery and offering favors

• Employees must strictly comply with anti-corruption laws and international agreements of each country when performing their duties and must not offer or provide money or any other benefits to public officials for business gains.
• Matters that may be interpreted as violations of anti-corruption laws should be reported to management immediately and processed through consultation with the legal department, and decisions should not be made arbitrarily.

Fostering a healthy organizational culture

• Employees should always respect and consider each other to foster a healthy organizational culture, refraining from behaviors that violate individuals' basic human rights, such as verbal abuse, harassment, violence, and sexual harassment.
• Discrimination based on race, nationality, gender, age, education, religion, region of origin, disability, marital status, gender identity, or political opinions is prohibited.
• Understand and respect emotional, customary, and cultural differences between generations, countries/regions, and genders, maintaining a work environment where creativity and innovative ideas can flourish.
• Harassment behaviors, both online and offline, that insult individuals' dignity or violate human dignity, such as verbal or physical violence, harassment, or threats, are prohibited.
• We ensure that sincerity is not distorted and unnecessary misunderstandings are avoided throughout the communication process.

Protection of company assets

• Company assets should only be used for the company's business activities and approved purposes, and employees are responsible for preventing the loss, misuse, and theft of assets.
• Unauthorized use of company assets for purposes other than their original intent, or their removal from the premises without prior approval, is strictly prohibited.

KOLON employees are advised to review and familiarize themselves with the 「KOLON Code of Ethics」 and 「KOLON Employee Ethical Behavior Guidelines」 through the company's intranet.

Principles

• We respect and protect human rights of all stakeholders who are affected by our business activities, including our employees, clients, suppliers, and local communities. We are in line with a variety of international norms in human rights (hereinafter guidelines) embracing the Universal Declaration of Human Rights, UN Global Impact, UN Guiding Principles on Business and Human Rights, OECD Guidelines for Multinational Enterprises, UN Convention on the Rights of the Child, labor-related principles recommended by the International Labor Organization and ratified the government and laws of countries where we are doing our business.

Operating Guidelines

• (1) Human Treatment
  We make every effort to create a safe working environment free from any form of inhumane treatment and threats, including mental or physical coercion and abusive language so that human rights of employees are fully respected.
• (2) Anti-Forced Labor
  We do not restrain mental or physical freedom or force employees to work against their will. We do not require the transfer of identifications issued by the government, passports, or work permits in return for employment.
• (3) Anti-Child Labor
  We are in compliance with national and regional laws of each country on minimum age of employment and imposes the ban on the labor of children under the age of 15 at all sites. When we hire children aged under 18, we make sure that they are not involved in any dangerous or harmful work for the sake of safety in line with labor relations acts and laws.
• (4) Anti-Discrimination
  We give all of our employees and applicants fair opportunities in terms of personnel operation, including employment, promotion, reward and disciplinary actions. We do not discriminate against them for the reasons of race, gender, age, place of origin, academic background, marital status, religion, political view, social status and disability.
• (5) Human Rights Protection of Local Residents
  We respect and protects the right to life, the freedom of movement, the right to safety and property ownership of local residents in areas where we operate business.
• (6) Environmental Rights Protection
  We stick to the principle of preventive approaches in order to protect local residents from difficulties caused by harmful substances and noises while providing a means of remedy for affected individuals or groups in areas where we operate business.