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Ethical Management

Lotte Duty Free Anti-bribery Policy

Lotte Duty Free has established a code of conduct for anti-bribery and corruption
and hereby declares the following anti-bribery policy to establish anti-bribery and ethics management systems.

  • Lotte Duty Free Anti-bribery Policy

    Article 1 [ Objectives ]

    This policy aims to establish and secure ethics management and anti-bribery management systems by setting up and practicing a code of conduct for the CEO, employees and the board of directors to prevent corruption and bribery.

    Article 2 [ Anti-bribery and corruption ]

    The Company prohibits all forms of corruption, including bribery such as receiving money, entertainment or special accommodation from stakeholders, illegal usage of the Company's intellectual property, and acquiring unfair profit with insider information.

    Article 3 [ Compliance with anti-bribery and corruption regulations ]

    All employees and the board of directors in carrying out works shall comply with the relevant anti-bribery laws of the Republic of Korea, including the Criminal Act, the Act on the Aggravated Punishment, Etc. of Specific Crimes, the Act On Combating Bribery Of Foreign Public Officials In International Business Transactions, and the Improper Solicitation and Graft Act, relevant anti-bribery laws abroad, including the OECD Anti-Bribery Convention, the US Foreign Corrupt Practices Act, and the UK Bribery Act, and the Company's internal regulations, and shall not engage in any activities that violate or may be suspected of violation.

    Article 4 [Conformity to organizational objective ]

    All employees and the board of directors pledge to abide by the anti-bribery policies and anti-bribery management system (ISO 37001), and contribute to achieving the Company's objectives by reducing corruption and bribery risks.

    Article 5 [ Will to implement and improve anti-bribery and corruption practices ]

    The Company shall establish, manage and continuously improve an effective management system to prevent and reduce risks against corruption and bribery. All employees shall sign a compliance pledge once a year.

    Article 6 [ Authorities and responsibilities of anti-bribery officer ]

    An anti-bribery officer shall be appointed as an executive of the ESG value pursuit committee - Governance Part, bestowed with independent responsibilities and authorities related to anti-bribery and corruption, and responsible for supervising and providing advice and guidance to solve issues related to the Company's anti-bribery management system.

    Article 7 [ Informant protection ]

    The Company shall keep the personal data of informants strictly confidential, and in the case of a whistleblower, the Company shall protect him or her from receiving an unfair evaluation, placement and/or unfavorable economic treatment resulting from the related report.

    Article 8 [ Actions against non-compliance with anti-bribery and corruption policy ]

    The Company may take disciplinary action against its employees in case an employee violates this policy and/or related laws or fails to take reasonable actions even after the discovery of the violation.

    Article 9 [ Enforcement and changes of policy ]

    This policy shall enter into force from the enforcement date, and in case of any changes, including addition, deletion and correction, they shall be notified and announced seven (7) days prior to the enforcement.
  • Addenda

    Article 1 [ Enforcement date ]

    1. This policy was enacted on September 17, 2021 and shall enter into force on October 7, 2021.

    Article 2 [ Prohibition of retroactive application ]

    1. This policy shall not apply to any act committed prior to the enforcement date.