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Keangnam Enterprises Leading Korea’s Construction
Customer Support Center
Customer Support Center Ethical Management

Ethical Management

Keangnam Enterprises makes efforts to practice ethical management through settling a clean, fair organizational culture.

“Since the establishment, Keangnam Enterprises has been the foundation stone
of the national industrial development
as it has been leading the construction
industry in Korea. Keangnam Enterprises is confident that it has been enhancing
the status of Korea’s construction industry not only in Korea, but also
in other regions such as South-East Asia, Middle East, and Africa.

From now on, Keangnam Enterprises promises to practice not only its management philosophies such as rational management, human-based management
and social contribution, but also its management policies such as transparent management, responsible management and revenue management.
In addition, Keangnam Enterprises promises to establish and practice the ethics code to serve as a world-class market-leading company in more
competitive markets. Such ethics code shall serve as the basis for all the regulations and procedures set by this company, and shall serve as the standards
for determining the behavior and value of Keangnam Enterprises’ executives/employees and of their family members.

Practice Code

Article 1 Social Role

Keangnam Enterprises, as the leader of the construction market, shall recognize that it is an important role to prosper the lives of the people, and shall fulfill its given
responsibilities as a corporate citizen based on the pride that it serves as the basis for economic development.

1. Obligations & Rights as Corporate Citizen

① Keangnam Enterprises shall sincerely fulfill its taxation and other obligations assigned by the nation and community(local government, etc.).
② Keangnam Enterprises shall make efforts to prevent environmental pollutions and shall strictly comply with the environmental standards while conducting business.

2. Law Compliance

① Keangnam Enterprises shall faithfully comply with not only all the legislations to be obeyed by companies, but also the autonomous norms set by the local
   government.
② Keangnam Enterprises shall not make unfair profits based on unjust methods that act against trade ethics.

Chapter 2 Economic Activity

Keangnam Enterprises shall pursue common prosperity based on the mutual reliability shared between the concerned parties, demonstrating economic activities,
such as customers, employees, partners, competitors and shareholders.

1. Just Profit Making through Creation & Innovation

① Keangnam Enterprises shall be obligated to continuously maintain and develop the company through creating values and making profits.
② Keangnam Enterprises shall we aware that poor management has harmful effects on not only its employees and their family members, but also the nation
   and society, and shall make progress into a top-ranking company welcomed at home and overseas based on continuous management innovation and
   sound profit-making management.

2. Transparent Management

Keangnam Enterprises shall demonstrate fair, transparent and faithful management, and shall fairly disclose its corporate information to not only customers,
but also all the concerned parties such as share holders, partners and communities.

3. Fair Competition

① Keangnam Enterprises shall freely and fairly compete with all its competitors in accordance with the applicable laws and trade ethics.
② Keangnam Enterprises shall consider its competitive relation an opportunity for mutual development, and shall respect the just rights exercised by its competitors.
③ Keangnam Enterprises shall not conduct any activity that acts against the free competition with its new competitors.

4. Fair Trade

All trades shall be fairly and transparently conducted in accordance with the principle of free competition.

4.1 Equal Opportunity

① eangnam Enterprises shall provide all qualified companies with an opportunity to participate in the account registration and selection.
② Keangnam Enterprises shall reasonably process its account registration and selection in accordance with the objective, fair screening criteria.

4.2 Fair Trade Procedure

① All trades shall be fairly made in a mutually equal position, and the trade conditions and procedures shall be thoroughly agreed upon.
② Keangnam Enterprises shall not use its superior status to take a wrongful act in any form.
③ Information required for trade shall be mutually provided in accordance with the adequate procedures in a timely manner, and the trade results shall be
   periodically evaluated and mutually complemented in accordance with the fair standards.

4.3 Pursuit of Mutual Development

① Keangnam Enterprises shall provide its active support to allow its accounts to possess competitiveness in the long term thorough technical support and
   management guidance, and shall mutually share the profits made through innovation.
② Keangnam Enterprises and its accounts shall make mutual efforts to establish the clean trade practice and fair trade order.

Chapter 3 Work Life

Keangnam Enterprises’ executives and employees, as Keangnam Personnel, shall establish correct values and shall fulfill their given missions through continuous
self-development and fair duty performance.

1. Basic Ethics

① Keangnam Enterprises’ executives and employees, as Keangnam Personnel, shall have pride and self-respect, and shall demonstrate an honest, fair attitude
   at all times.
② Keangnam Enterprises’ executives and employees, based on the mindset that each member represents Keangnam Enterprises, shall wear neat clothes,
   show courteous behaviors and use elegant languages to protect their honer as Keangnam Personnel.

2. Mission Accomplishment

① Keangnam Enterprises’ executives and employees shall sincerely accomplish their own missions in accordance with the vision and policy set by this company.
② Keangnam Enterprises’ executives and employees shall use the best endeavor to justly accomplish their given missions, and shall comply with the applicable
   legislations.
③ Keangnam Enterprises’ executives and employees shall maintain and mange the assets owned by this company, and shall protect this company’s classified
   information acquired while carrying out tasks.

3. Self Development

Keangnam Enterprises’ executives and employees shall self-establish the concept of competent personnel, and shall make continuous efforts to comply with the established concept of competent personnel through continuous self-development.

4. Fair Task Performance

① Keangnam Enterprises’ executives and employees shall fairly perform their tasks, and shall make efforts to establish a sound corporate culture at all times.
② Keangnam Enterprises’ executives and employees shall not collect/provide financial profits, from/to the concerned parties in any form that may act against the
   fairness of the decisions made in relation to their tasks.
③ Keangnam Enterprises’ executives and employees shall not demonstrate any immoral, unethical behaviors related to their everyday life and tasks that may be
   criticized by the society.

5. Avoidance of a Conflict of Interest with Company

① Keangnam Enterprises’ executives and employees shall avoid any behaviors and relations that may cause a conflict of interest between the company and
   individuals.
② Keangnam Enterprises’ executives and employees shall not use any assets owned by the company without permission to make personal profits.