Setting
principles
we respect and
follow
principles
we respect and
follow
Corporate Governance
-
Corporate Governance
For sustainable management,
Charter
we pursue transparent and sound
governance under the board-centered
management principle. -
Guidelines on
More than half of our board is composed
Outside Directors’
Independence
of independent outside directors.
We focus on maintaining the
independence of such directors. -
Board of Directors’ Diversity/
We compose our board with directors
Guidelines on Directors’ Expertise
who are specialized in various fields to
make effective decisions for all agendas.
Jeong-Do Management Policy
Jeong-Do Management, LG’s unique management philosophy based onethical management, promotes fair competition and respectful way of life.
-
Chapter 1.
Responsibilities and
Obligations to Customer -
Chapter 2.
Fair Competition -
Chapter 3.
Fair Transactions -
Chapter 4.
Basic Ethics of Employees -
Chapter 5.
Corporate Responsibilities
for Employees -
Chapter 6.
Responsibilities to
the Nation and Society
Chapter 1.
Responsibilities and Obligations to Customers
Our customers are the foundation of our business, and their views and opinions will always be highly regarded and respected. We strive to earn solid trust by continuously creating new value for them.
1. Respect Customers
LG Code of Ethics
We value the opinions of our customers and consider their needs our obligation. They will always have a place in the center of our decision-making process and business strategies.
2.Create Value
LG Code of Ethics
(1) We work hard to create value for our customers. Through customer satisfaction, we can build the foundation of our sustainable prosperity.
(2) We continuously create value that benefits and improve our customers’ quality of life.
3.Deliver Value
(2) We continuously create value that benefits and improve our customers’ quality of life.
LG Code of Ethics
(1) We are always true to our customers, and this promise we intend to keep.
(2) We offer excellent quality products and services at reasonable prices and respond promptly to our customers’ requests.
(2) We offer excellent quality products and services at reasonable prices and respond promptly to our customers’ requests.
Chapter 2.
Fair Competition
In all our businesses worldwide, we gain competitive edge through fair competition and respecting local laws and regulations.
1. Pursue Free Competition
LG Code of Ethics
(1) We uphold the principles of the free market economic system and pursue open competition around the world. We earn our customers’ trust through top-quality products and services.
(2) We compete fairly and do not sabotage our competitors’ interests or exploit their weaknesses.
2.Comply with Laws and Regulations
(2) We compete fairly and do not sabotage our competitors’ interests or exploit their weaknesses.
LG Code of Ethics
We conduct our domestic and overseas businesses in strict accordance with local laws and regulations as respect for local business customs.
Chapter 3.
Fair Transactions
All business transactions abide by the principles of fair competition with equal opportunity for all entities. We build trust and cooperative relationships through fair and transparent transaction for long-term mutual growth.
1.Equal Opportunity
LG Code of Ethics
(1) We offer equal opportunities to all qualified companies seeking to be our business partners.
(2) We register and select all applications in a systematic procedure, undergoing a fair and objective evaluation process.
2.Fair Transaction Process
(2) We register and select all applications in a systematic procedure, undergoing a fair and objective evaluation process.
LG Code of Ethics
(1) We conduct all business transactions as equals. The terms and conditions of the transaction, as well as procedures,
are thoroughly communicated between the parties involved.
(2) We do not engage in any form of unfair transaction using status or power.
(3) We exchange transaction information through appropriate procedure in a timely manner. Transaction standards are evaluated on a regular basis and improvements are made under mutual agreement.
3.Pursue Mutual Growth
(2) We do not engage in any form of unfair transaction using status or power.
(3) We exchange transaction information through appropriate procedure in a timely manner. Transaction standards are evaluated on a regular basis and improvements are made under mutual agreement.
LG Code of Ethics
(1) We support long-term growth with our dealers and vendors by enhancing their competitiveness through technological
and managerial support. We share the profits derived from business innovations.
(2) We collaborate with business partners in promoting constructive business environment and fair business transaction.
(2) We collaborate with business partners in promoting constructive business environment and fair business transaction.
Chapter 4.
Basic Ethics of Employees
LG employees must first set righteous values based on honesty and fairness, then accomplish their mission through continuous self-development and fair performance.
1.Basic Ethics
LG Code of Ethics
(1) LG employees take pride in the company and maintain honesty and fairness at all time.
(2) LG employees, with high standards for morality, continuously strive to maintain their dignity and the company’s honor.
2.Accomplish Mission
(2) LG employees, with high standards for morality, continuously strive to maintain their dignity and the company’s honor.
LG Code of Ethics
(1) LG employees accomplish their duties in accordance with the visions and policies of the company.
(2) LG employees carry out their assigned duties in the fairest manner possible while observing applicable laws and regulations.
(3) LG employees protect and preserve company property and maintain confidentiality on information gained during employment.
(4) LG employees openly communicate and cooperate with colleagues and relevant departments to increase work efficiency.
3.Self-development
(2) LG employees carry out their assigned duties in the fairest manner possible while observing applicable laws and regulations.
(3) LG employees protect and preserve company property and maintain confidentiality on information gained during employment.
(4) LG employees openly communicate and cooperate with colleagues and relevant departments to increase work efficiency.
LG Code of Ethics
LG employees establish standards for a role model employee and proactively engage in self-development to meet those standards.
4.Fair duty execution
LG Code of Ethics
(1) LG employees carry out duties with honesty and fairness, while seeking for opportunities to foster a respectful business culture.
(2) LG employees do not accept any form of financial compensation from stakeholders, which can negatively influence fair judgment.
(3) LG employees do not engage in immoral or unethical behavior both inside and outside of work.
5.Avoide Conflict of Interest with the company
(2) LG employees do not accept any form of financial compensation from stakeholders, which can negatively influence fair judgment.
(3) LG employees do not engage in immoral or unethical behavior both inside and outside of work.
LG Code of Ethics
(1) LG employees avoid personal behavior or relationships that may cause conflict to the interest of the company.
(2) LG employees do not use company property to pursue their personal interest.
(2) LG employees do not use company property to pursue their personal interest.
Chapter 5.
Corporate Responsibilities for Employees
All employees are respected as dignified individuals. LG encourages all individuals to freely express their creativity and fairly compensates high performance and achievements.
1.Respect Humanity
LG Code of Ethics
(1) LG treats each employee with trust and values every individual’s dignity.
(2) LG gives employees a sense of ownership through work to increase self-fulfillment and satisfaction.
(3) LG continuously develops regulations and training guidelines to support employees perform their duties in a fair manner.
2.Fair Treatment
(2) LG gives employees a sense of ownership through work to increase self-fulfillment and satisfaction.
(3) LG continuously develops regulations and training guidelines to support employees perform their duties in a fair manner.
LG Code of Ethics
(1) LG offers equal opportunity to all its employees based on their abilities and talents.
(2) LG evaluates the abilities and performance of its employees fairly and rewards them accordingly.
3.Promote Creativity
(2) LG evaluates the abilities and performance of its employees fairly and rewards them accordingly.
LG Code of Ethics
(1) LG strives to create a working environment conducive to creative thinking and autonomous behavior.
(2) LG actively supports employees’ self-growth and adopts a long-term plan for human resources development.
(3) LG respects individual’s privacy and, through mutual trust, creates a more mature corporate culture.
(2) LG actively supports employees’ self-growth and adopts a long-term plan for human resources development.
(3) LG respects individual’s privacy and, through mutual trust, creates a more mature corporate culture.
Chapter 6.
Responsibilities to the Nation and Society
To protect the interest of shareholders, enhance the quality of life for citizens, and contribute to the growth of society, LG works towards growing into an influential company through reasonable business practices.
1.Rational Business Operation
LG Code of Ethics
(1) LG conducts its business respecting local and international values.
(2) LG pursues its business expansion based on stable corporate growth.
2.Protect Shareholder Returns
(2) LG pursues its business expansion based on stable corporate growth.
LG Code of Ethics
LG protects its shareholders’ interests by earning healthy profits through effective management.
3. Contribute to Society
LG Code of Ethics
LG contributes to the nation and society through job creation, tax contributions, and cultural/ welfare programs.
4. Conservation of the Environment
LG Code of Ethics
LG makes great effort in preventing environmental pollution and employs various means necessary to preserve the natural environment.
Human Rights Policy
The key LG group affiliates have established human rights policies, such as global labor policy.
See Global Labor Policy
LG AI Ethics Principles
Going beyond technology, we strive to create a better life for all.We observe the AI Ethics Principles to ensure a healthier and more sustainable society
-
Humanity
인간존중- LG AI creates value for
humanity and society - LG AI does not violate human rights
- LG AI creates value for
-
Fairness
공정성- LG AI treats all people fairly while respecting diversity
- LG AI avoids unfair discrimination against individual characteristics
-
Safety
안전성- LG AI operates in
a safe and sturdy manner - LG AI predicts and responds to potential risks
- LG AI operates in
-
Accountability
책임성- Clear definition of role and responsibility for those involved in LG AI development and use.
- Ensuring that LG AI performs as planned and designed.
a sense of ownership. Throughout the entire AI development and utilization process, all involved parties will strictly abide by their respective roles and responsibilities. LG adapts verification procedures to ensure that LG AI performs as intended. -
Transparency
투명성- Open communication for customers to understand information and data processed by LG AI
- Algorithm and data are managed with transparency and processed under strict rules and standards.
