- HF became the first financial public institution to obtain ISO for Compliance Management System
HF became the first financial public institution to obtain ISO
for Compliance Management System
- Enhance public trust with robust ethical corporate management system
Korea Housing Finance Corporation(HF, CEO Choi Joon Woo) said on Oct 28 that been acknowledged for its efforts to establish robust compliance policies and risk management system, it became the first public financial institution that obtains ‘ISO 37301’, an international standard certificate for Compliance Management Systems*. <Photo attached>
* Corporate management system requirements and guidelines on the compliance policies and risk management systems across the board, for which international standard was developed by International Organization for Standardisation(ISO) in April, 2021.
Since establishing “Ethical Corporate Management Consultative Body’ with its CEO as a chair in May to promote corporate culture of integrity and transparency, HF has worked to establish ethical management system for compliance and risk management by preparing ethical management policies and manual, conducting risk assessment, and management review.
HF CEO Choi said, “For a public institution for which public trust is imperative, developing compliance corporate management system is of essence. By operating the system aligned with previously obtained ISO 37001(Anti-bribery Management Systems), we will further promote the corporate culture of integrity and transparency, thereby further wining the public trust.”
* Corporate management system requirements and guidelines to ensure an organization is in full compliance with anti-bribery regulations and build exemplary business environment, for which an international standard was developed by International Organization for Standardisation(ISO) in Oct 2016.
As the certificate shows HF has established compliance policies and management system that meet the international standards, it is expected to bring about positive effects to its marketing efforts to attract foreign investors for its MBB as well as to its credit rating assesment going forward.
In the meantime, HF has maintained an excellence grade in the integrity and ethical management assesment by the Anti-Corruption and Civil Rights Commission (ACRC) for 12 consecutive years since 2010.
On Oct 28, Korea Housing Finance Corporation(HF, CEO Choi Joon Woo) had a “HF ISO 37301 Certificate Award Ceremony’ to mark the occasion at its eastern Seoul and metropolitan areas located in Sejongdae-ro, Seoul. (From right of the photo) HF CEO Choi Joon Woo and Oh Kyung Hee, the director of KPC(Korea Productivity Center).