LX Semicon

LX’s Jeong-Do Management refers to LX’s code of conduct to compete fairly and create results by continuously developing capabilities based on ethical management. All employees and stakeholders of LX Semicon make endeavors to become a company that is trusted and respected by all stakeholders by practicing LX Jeong-Do Management through various programs.

We provide all our employees with online and offline education on ethics, such as anti-corruption, ethical standards, sexual harassment prevention, and workplace bullying prevention.

We make a multifaceted efforts to create a culture in which all members voluntarily practice Jeong-Do management. For instance, a newsletter is regularly sent to help employees understand Jeong-Do Management and the ways to deal with various situations. In addition, ‘Jeong-Do Management Story’ is posted every month. We are building an environment in which members are not exposed to ethical risks by sharing regulations, systems and procedures through the content.

Under the Code of Ethics, all members of LX Semicon do not accept money or valuables from stakeholders regardless of the reason. Every year on Lunar New Year’s Day and Chuseok, the CEO directly sends out a ‘No gift-giving or receiving or receiving’ notice to employees, suppliers, and business partners, asking them to create a fair trade culture. In the case of receiving money or gifts, they must be courteously refused and returned, and only when return is unfeasible, the item must be reported to the Ethics Bureau. Items received are immediately donated to welfare organizations or proceeds are used for social contribution activities through conducting auctions in the company.

We operate an online reporting system (https://ethics.lxmdi.co.kr) where you can report unfair acts that violate the code of ethics. Reports can be made anonymously, and the received reports are verified through on-site investigations. For the cases where misconduct is confirmed, follow-up measures such as disciplinary action, work process improvement, and Jeong-Do Management training are carried out to ensure a transparent and fair organizational culture.

Based on the principle of non-disclosure, we rigorously safeguard the identity of the informant, the evidence submitted by the informant, the information gathered pertaining to the report, the matters that may implicate the suspect, and the follow-up actions for the outcomes after the report.

All members have the opportunity to report issues related to ethics and human rights (including bullying and sexual harassment) through the ‘Grievance Handling Talk’ and ‘Sexual Harassment / Workplace Bullying Report’ menus within the intranet. We also provide other various reporting channels for offline reports, such as visiting the Ethics Bureau, and sending mails.

Pledge Compliance with Anti-corruption Regulations | All employees annually sign the online pledge for ‘Anti-Corruption Law Compliance’ to reinforce their ethical commitment and adherence to laws and regulations in the performance of their duties.

Reward for Reporting Corruption | We implement a reward system to incentivize reporting corruptions, ensure transparency and accountability, and persist in efforts to prevent corruption that compromises our customers’ value.

Participation in Anti-corruption Pledge | We participated in the ‘Anti-corruption Pledge’ to foster an anticorruption environment and support the activities of the ‘Business Integrity Society (BIS)’ initiated by the UN Global Compact Korea Association and the Korea Sustainability Investing Forum in 2022.