We become the most trustworthy company from customers and society. Following establishment spirit ‘to contribute to the nation and people through business,’ we have practiced ethical management and transparent management. We try to be the most trustworthy company from customers and society in the future.
Announce ethical management
Hanil Cement announces ethical management last June, 2003 to pursue prosperity of all employees through mutual trust and cooperation based on management philosophy of human respect establishing and practicing standards of ethical conduct. All employees in Hanil Cement always conducts fair and transparent management according ethical values and fulfills social responsibility.
Won the 6th prize for Company with Economic Justice
Hanil Cement won the prize for Company with Economic Justice 6 times after the leading ethical management of the company like transparent management, contribution to the nation and human respect was recognized by Citizens’ Coalition for Economic Justice. The prize for Company with Economic Justice was established by Citizens’ Coalition for Economic Justice Institute of CCEJ in 1991 to discover companies that contribute to the society with responsibility for the society and ethical management and to request those companies to fulfill their responsibilities. Also, the company was the top for ‘the most respected company in Korea’ in cement industry held by Korea Management Association for sixteen-consecutive years since 2004 and won the citation for honest tax payment several times, the prize for transparent management (2006), the prize for transparent accounting (2005) and the prize for Korea ethical management (2005,2015).
Internal accounting control system
Hanil Cement records and manages all the trades precisely for transparent accounting. We follow accounting relevant laws and internationally accepted standards of accounting and manage and check using internal accounting control system. Also, we open business information like accounting information and major information on management honestly to the public according to laws.
First time Initial Public Offering (IPO) in cement industry
Hanil Cement listed stocks for the first time in domestic cement industry in November 20th, 1969. IPO was started from Capital Market Promotion Act of Korea in October, 1968, but at that time, large companies were not doing well in IPO. Also, they usually opened minor collateral companies with low profitability even if they offered some of their affiliated companies. They, in fact, tended to avoid IPO. However, Hanil Cement prepared for IPO since the early 1969 according to one belief and sense of duty to contribute the nation and people through business, and finally listed stocks first time in domestic cement industry and 40th in Korea in November 20th, 1969.