Ethics Management
Woori Ethics Management
Woori Bank is managed on the principle of ethics, setting the standard for integrity in finance
Definition of Ethical Management
Ethical management is a business strategy that creates competitive advantage by fulfilling economic, social, and environmental responsibilities for the sustainable growth of the company.
Corporate Ethics
The standards for determining which decisions and actions a company should take for stakeholders affected by its decisions and conduct; they constitute the mandatory moral norms that apply to the company’s policies, organization, and behavior.
Ethical Management
The corporate decision-making process that, from the CEO to every employee, is guided by ethical principles and moral value standards that distinguish right from wrong.
Ethical Management Strategy
Woori Bank promotes an ethical and compliant culture
through five core initiatives.
Establishing an Ethical and Compliance-Driven Culture
Accountability & Reward
Senior management sets the ethical tone for the entire organization, establishing a strong “Tone at the Top” that prioritizes ethics and compliance as core values.
Accountability & Reward
Clear and consistent ethical standards are provided to help employees make sound decisions in all situations.
Accountability & Reward
Repetitive and structured training helps internalize ethical thinking and behavior.
Accountability & Reward
Secure reporting channels allow employees to safely report misconduct, ensuring early detection and a strong culture of compliance.
Accountability & Reward
A fairness-based culture of trust is established — rewarding ethical behavior appropriately while enforcing strict accountability for unethical conduct.
Implementation Programs
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01 . Code of Conduct Pledge Every Woori Bank employee annually signs the Code of Conduct Pledge, reaffirming their commitment to ethical management.
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02 . Ethical Management Training Various training programs, including compliance and ethics sessions, are provided to enhance ethical awareness and build shared commitment to integrity.
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03 . Self-Assessment Program Through initiatives such as Check & Clean Day, employees regularly review their adherence to the Code of Conduct and conduct self-assessments to reinforce compliance discipline.
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04 . Clean Contract System This system ensures transparency and fairness throughout the bidding, contracting, and execution stages, demonstrating Woori Bank’s commitment to ethical management and extending such practices to partner companies.