Hyundai Steel earns ISO 37301 certification for compliance management
Hyundai Steel has obtained ISO 37301 certification, an international standard for compliance management systems, recognizing its efforts to align its compliance framework with global standards. The steelmaker held a ceremony Wednesday at its Pangyo office in Seongnam, Gyeonggi Province, attended by Hyundai Steel Executive Vice President Seo Sang-won, head of management support, and Korea Fair…
Hyundai Steel has achieved ISO 37301 certification, a globally recognized standard for compliance management systems. This certification acknowledges the company's dedication to aligning its compliance framework with international benchmarks. The news was celebrated on Wednesday at Hyundai Steel's Pangyo office in Seongnam, Gyeonggi Province, where an event was held attended by Hyundai Steel Executive Vice President Seo Sang-won and Korea Fair Competition Federation Chairman Park Jae-kyu.
The company shared the outcomes of the certification process during the event and deliberated on strategies to further enhance Hyundai Steel's compliance management system. ISO 37301, set by the International Organization for Standardization, evaluates a company's presence of systems to ensure compliance with laws and internal regulations, as well as its ability to identify, prevent, and manage compliance risks.
To attain this certification, Hyundai Steel conducted a thorough analysis of its business environment and stakeholder expectations, evaluated potential compliance risks in critical business processes, and implemented measures to manage these risks and identify areas for improvement.
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