ESG

Reporting Center for Unethical Behavior

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Reward System for Reporting Unethical Behavior

To firmly establish an ethical corporate culture by preventing unethical behavior, we offer the following reward system for those reporting unethical behavior.

Behavior to Report
  • Receiving money and other valuables or lavish entertainment from stakeholders in order to influence business
  • Obtaining undue profits using status or position, or causing damage to the company through unjust means or intentions
  • Other unethical behavior related to external stakeholders
Reward Criteria
  • A. Target
    • General public outside the company (employees of POSCO and investment companies excluded)
  • B. Reward Criteria
    • Maximum reward: 10 million KRW
    • Those who directly recovered/increased the company¡¯s revenue or reduced costs through compensation for damage or redemption of illegal profits shall be rewarded for the relevant amount according to the following criteria.¡¡
      • ¨ç If the report minimized the impact on the company and the relevant amount is redeemed
        Relevant amount Reward
        Below 10 million KRW None
        10 million KRW or above 3% of the relevant amount (maximum10 million KRW)
        • All of the relevant amount if resulting in increased revenue or minimized impact occurs intermittently, or annual estimate if it occurs over an extended period
        • The amount additionally revealed during the Righteous Management Office¡¯s investigation shall be excluded from the reward calculation.
      • ¨è If it is impossible to calculate the amount of reward or there is no amount redeemed by the report, a reward shall not be provided.
  • C. Cases Excluded from Reward
    • If the details of the report prove not to be factual, or there is not enough evidence to confirm the fact
    • If the unethical behavior is unrelated to the tasks of external stakeholders
    • However, those reporting behaviors that directly cause damage to the company such as embezzlement and asset stripping can be rewarded
    • Cases that are already reported, are already under investigation by the audit department and other related departments or external organizations, or are already completed by taking disciplinary action
    • Cases disclosed by the media
    • Cases reported anonymously or under a false name and thus cannot identify the reporter
    • Cases related to simple business improvement
    • Other cases considered inappropriate for reward as a result of deliberation
Confidentiality of the Reporter¡¯s Identity
  • A. Reward for the Reporter
    • Confidentiality is guaranteed by having the manager level of the audit group receive the reward and deliver it to the recipient in a desired means, in order to prevent exposure of identity in the rewarding process
  • B. Prohibition on Revealing or Tracking Down the Reporter¡¯s Identity
    • All employees, if having become aware of the reporter¡¯s identity by duty or accident, shall not reveal such information
    • All actions that may expose the reporter¡¯s identity are prohibited, such as inquiries about the identity or investigation to find out about the reporter
    • Disclosure or suggestion of the reporter¡¯s or investigation cooperator¡¯s identity is prohibited without their consent
    • Those violating the duty to protect the identity may be punished
  • C. Prohibition on Punishment of the Reporter
    • Prohibition on punishment in personnel affairs to the reporter and stipulation of the penalty clause in case of violation
Reward Criteria
  • A. Means
    • Select the most convenient one among the various means provided, such as cyber report, mail, telephone, fax, direct visit, etc.
  • B. Method
    • Write down the reporter¡¯s and violator¡¯s personal data, and the details of violation with all relevant information (who, what, where, when, why, and how)
  • C. Reception Office
    • Reporting Center for Unethical Behavior

      Visit POSCO's official website (www.posco.co.kr) and go to Reporting Center for Unethical Behavior ¡æ click on Report

    • Telephone/FAX
      Type Telephone Fax
      External report 080-390-3366 82-80-391-3366 (toll-free hotline)
      Internal report Seoul 02-3457-3366 82-2-3457-1991 (POSCO Center 16F)
      Pohang 054-220-3366 80-54-220-2499 (Pohang Headquarters 9F)
      Gwangyang 061-790-3366 82-61-790-4999 (Small Main Building 6F)
    • Mail

      (Postal code)06194 /440, Teheran-ro, Gangnam-gu, Seoul (892, Daechi 4-dong, Gangnam-gu, Seoul) POSCO Center Righteous Management Office Director