Fair Trade & Compliance
A global leader in digital transformation since 2007
Building Shared Growth Through Fairness and Trust
SOLUM understands that growth built on trust and collaboration with its business partners leads to sustainable growth for all.
We aim to create a virtuous cycle of mutual growth in which the success of our partners drives SOLUM’s progress, and SOLUM’s growth, in turn, supports the advancement of our partners.
A Virtuous Cycle of Mutual Growth Through Fair Trade
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Fair Subcontracting Process
Distribution of guidelines for fair contract execution and the issuance of written documents
Establishment and distribution of subcontracting guidelines
Execution of standard subcontracting agreements prescribed by the Korea Fair Trade Commission (KFTC)
Collusion Prevention Process
Establishment and distribution of fair trade guidelines
Strict restrictions on meetings with industry competitors and the exchange of internal pricing information
Pricing decisions are subject to internal approval procedures and controls.
Key Activities and Achievements
Anti-Corruption, Fair Trade and Compliance Training for Suppliers
SOLUM provides anti-corruption, fair trade and compliance training for its suppliers twice a year to foster a culture of ethical business practices and legal compliance.
Through this training, parties to fair trade agreements and suppliers learn about cases of unfair trade practices and develop strategies to mitigate risks arising from non-compliance.
SOLUM will continue working to ensure that a culture of fair trade compliance is firmly embedded not only among its employees, but also throughout all business partners associated with the company.
Recognition for Highest Excellence in the KFTC Fair Trade Agreement Performance Evaluation
SOLUM continuously strives to identify and implement initiatives that foster mutual growth and shared success with its business partners.
In recognition of these efforts, SOLUM has received the highest rating for two consecutive years in the Fair Trade Agreement Performance Evaluation conducted by the Korea Fair Trade Commission (KFTC).