CEO Message
LS pursues growth based on fair competition.
Even amid the rapidly changing global industrial environment and economic uncertainty in recent years, LS has achieved steady growth in its core businesses, such as submarine cables and electric power equipment. Simultaneously, we are accelerating new ventures, including secondary battery materials, which will drive future growth, thereby strengthening Korea's technological competitiveness and contributing to economic development.
Above all, LS holds the fundamental principle that such growth must be rooted in fair competition. This aligns with the growing global demand for fair trade and corporate social responsibility, reflecting LS's unwavering commitment to compliance management under any circumstances.
Recently, LS introduced the Fair Trade Compliance Program (hereinafter “CP”) and is striving to enhance transparency and reliability. The CP is an internal corporate compliance system involving education, supervision, and other measures that companies autonomously establish and operate to comply with fair trade-related laws and regulations. Through the establishment of the CP, LS aims to enhance the compliance awareness and ethical standards of its executives and employees. This will enable proactive risk prevention and help internalize a culture of fairness across the organization.
LS will spare no effort in providing systematic education and support, ensuring the CP serves as a vital management tool to foster a culture of fair competition and enhance corporate competitiveness. Furthermore, we will apply a 'zero-tolerance principle,' taking strict disciplinary action against any acts that violate the law or undermine this fair culture.
Going forward, everyone at LS will fully embrace the purpose and principles of the CP, actively putting them into practice to ensure a culture of fairness takes firm root within our company.
Thank you.
Roe-Hyun Myung, CEO, LS Corp.
