Strengthening Integrity: KEPCO’s New Compliance Framework

The Korea Electric Power Corporation (KEPCO) is taking significant steps to reinforce its commitment to ethical conduct and legal compliance. recent initiatives include the implementation of an ‘Integrity Ethics Management Practise Pledge’ and the restructuring of its internal compliance mechanisms. These changes aim to foster a corporate culture rooted in integrity and adherence to both legal and ethical standards.

Dedicated Compliance Division Under Presidential Oversight

In a move to bolster independence and expertise, KEPCO has transferred its integrity functions from the audit room to a dedicated compliance management room. This strategic shift ensures that compliance operations are managed with greater autonomy and specialized focus. This dedicated organization operates under the president, highlighting the importance of integrity at the highest levels of the company.

“We plan to continue to strengthen the prevention-oriented integrity ethics activities based on strong integrity leadership…”
– KEPCO Official

Pledge of Integrity: A Company-Wide Commitment

Earlier this month, KEPCO’s headquarters hosted an ‘Integrity Ethics Management Pledge’ event. Following this, a company-wide ‘Integrity Ethic Self-Defense Pledge’ is being conducted from April 14th to April 23rd. This initiative encourages all employees to actively participate in upholding the company’s ethical standards.

Key Pillars of the Integrity Pledge

The ‘integrity Ethic Self-Defense Pledge’ focuses on several core principles:

• Fair Job Performance: Adherence to all applicable laws and regulations in the execution of duties.
• Conflict of Interest Prevention: Avoiding the pursuit of personal gain and rejecting any unfair or unethical directives.
• Safe and Respectful Workplace: Eliminating sexual harassment, bullying, and any form of workplace misconduct to foster a healthy and secure environment.
• Anti-Corruption Culture: Establishing a robust culture of integrity and clarity throughout the organization.

The Importance of Integrity Ethics Management

Integrity ethics management is crucial for establishing a foundation for lasting growth. It involves adhering to a wide range of rules and societal norms, ensuring that corporate practices align with global standards.By implementing a strong internal control system, KEPCO aims to inspire ethical behavior among its employees and proactively prevent violations of laws and regulations.

For example, companies like siemens have demonstrated the long-term benefits of robust compliance programs, recovering from major corruption scandals by implementing stringent ethical guidelines and internal controls. Similarly, KEPCO’s commitment to integrity ethics aims to build trust and ensure long-term sustainability.

Looking Ahead: Continuous Improvement in Ethical Practices

KEPCO plans to continuously enhance its prevention-oriented integrity ethics activities. This includes direct dialog from leadership, integrity special inspection meetings, and on-site inspections. By fostering a culture of transparency and accountability,KEPCO aims to set a new standard for ethical conduct in the energy sector.