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About us
Sustainable Management
Ethical management
About KNOC ethics
Observers
Social Contributions
 
home > Corporate Responsibility > Ethical management > Observers
Observers
 
Reporting & Rewarding
Purpose
  Promote whistleblowing through incentives
Comparison of Internal Peer Reporting and Voluntary Reporting
 
Peer Reporting Self Reporting
Reporting unethical behaviors of others

Subjects
Receipt or giving of money and valuables in relation with one’s job, unfair use of power for benefits or personal gains, doing harm to fair job performance by others through means such as mediating or soliciting, and gaining profits by breaching other codes of conduct

Reward
Profit up to 1 tril. won: 20%
Profit up to 5 tril. won: 20 mil. won plus 10% the amount exceeding 1 tril. won.
Profit up to 2 bil. won: 60 mil. won plus 5% the amount exceeding 5 tril. won
Profit over 20 bil. won: 135 mil. won plus 3% the amount exceeding 2 bil. won
Incalculable amount: 1 mil./5 mil./10 mil./30 mil./50 mil. won depending on the severity of the issue

Procedure
Fill in the report → Submit the report to the Internal Auditing Dept. → Investigation → Notification of the results → Payment of rewards
The Internal Auditing Dept. carries out all procedures
Reporting unethical behaviors of oneself

Subjects
Money and valuables, including gift cards received from insiders or outsiders

Reward
30,000 won in cash or gift cards

For report of profit larger than 1 mil. won, the reward committee decides the amount of extra reward at 20% of the profit up to 10 mil. won.

Procedure
Fill in the report → Submit the report → Verification of events → Notification of the results → Discussion on rewards → Payment of rewards

The Strategy and Planning Dept. carries out all procedures except for discussion of rewards, which is performed by the Ethical Management Committee
 
For reporting/providing information/discussion
Contact us at +82 52 216 2333, seonil.kim@knoc.co.kr, or 305, Jongga-ro, Jung-gu, Ulsan, Republic of Korea [44538]
Integrity Contract
Integrity Contract Purpose
  Both bidders and public organizations pledge not to engage in any corrupt actions from bidding, contracting, and implementation and keep the pledge. By avoiding malpractices like price fixing and bribing, the pledge prevents the overall cost from unnecessarily rising.
Contents
  - Mutually agree not to be engaged in bribery
- Disclose bidding processes and information
- Put restrictions on violators by prohibiting them from bidding, cancelling contracts, and punishing employees involved
Procedures
 
Announcement KNOC announces bidding for an integrity contract, and releases relevant guidelines
Registration Companies submit a letter of promise for an integrity contract to register their bidding
Contracting A successful bidder signs the integrity contract obliging them to abide by integrity terms and conditions
Implementation Violating contractors are prohibited from bidding and the contracts are cancelled. Involved employees are punished.
 
Department Contacts Updated
Updated : 2016-04-05 Department : Planning & Coordination Dept. Contacts : +82)52-216-2216

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