Ethical Management

We will do our best to make a clean and transparent enterprise.

Ethical Management?

Ethical management means that an enterprise not only fulfills economic goals and legal responsibilities but also recognizes the ethical responsibilities required by social norms as its basic obligation to reflect compliance with the corporate ethics in its business management activities

Corporate Social Responsibility (CSR)
  • Economic
    Responsibility
    Maintaining the
    continuity of the
    business by making
    profit through
    production and sales of
    socially necessary
    products
  • Legal
    Responsibility
    Corporate management
    should be based on the
    fair rules (domestic and
    international
    regulations)
  • Ethical
    Responsibility
    Voluntary compliance
    with ethical standards
    formed by social norms,
    although not formally
    legalized
  • Philanthropic
    Responsibility
    Voluntary practice of
    returning profits to
    society through cultural
    activities, donation
    activities, volunteer
    activities, etc.
LS Code of Ethics
With LS’ management philosophy, LSpartnership, LS will achieve exceptional performance based on mutual respect, care and trust by LS people who value integrity and a sense of ownership by creating a greater value together, externally, through cooperation and open minds.
For this purpose, LS maintains the Code of Ethics and the Practical Guidelines as its rules of behavior and judgment which all the affiliates and members should follow. The company also encourages active realization of the values expressed in the code and pursues continuous improvement of the code.
  • Responsibility & Duty for Customers
    • 1. Respect for customers
    • 2. Provision of true information
    • 3. Customer service
    • 4. Value for customers
    • 5. Protection of customer benefits
  • Fair Competition(rival companies)
    • 1. Legitimate collection and use of information
    • 2. Fairly gained competitive advantage
    • 3. Prohibition of collusion
    • 4. Respect for law and commercial practice
  • Fair Trade(subcontractors)
    • 1. Selection of business connections by fair procedure
    • 2. Fair trade and evaluation
    • 3. Maintenance of a clean and transparent trade order
    • 4. Supporting subcontractors
    • 5. Prohibition of unfair practices
  • Basic Ethics of Employees
    • 1. Maintenance of dignity as LS employees
    • 2. Protection of company’s property and important information
    • 3. Fair performance of duties
    • 4. Trustworthy and fair reporting
    • 5. Prohibition of improper conduct outside one’s position or duties
    • 6. Avoidance of conflicts of interest with company
    • 7. Prevention of sexual harassment in the workplace
    • 8. Prohibition of political activity
    • 9. Observance of the Code of Ethics
  • Company’s Responsibility toward Its Employees
    • 1. Cultivation of human resources
    • 2. Treatment of competence and performance
    • 3. Guarantee of sound expression of will
    • 4. Responsibility for employees’ health and safety
    • 5. Improvement of employees’ quality of life
  • Responsibility toward Country and Society
    • 1. Reasonable business
    • 2. Contribution to Development of Country and Society
    • 3. Protection of stockholders’ rights and interests
    • 4. Protection of the environment