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, signaling its commitment to aligning its compliance framework with international benchmarks. On Wednesday, the steelmaker celebrated this milestone at its Pangyo office in Seongnam, Gyeonggi Province, with Hyundai Steel Executive Vice President Seo Sang-won and Chairman of the Korea Fair Competition Federation, Park Jae-kyu, in attendance.
During the ceremony, the company shared the outcomes of the certification process and deliberated on strategies to further enhance its compliance management system. ISO 37301, set forth by the International Organization for Standardization, evaluates whether a business has mechanisms in place to adhere to regulations and internal policies, detect, deter, and manage compliance risks.
As part of the certification journey, Hyundai Steel scrutinized its operational landscape and stakeholder expectations, evaluated potential compliance risks across critical processes, and designed measures to mitigate them and pinpoint areas for improvement.
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