Policy for Compliance with Fair Trade Practices

B-EN-G Group Fair Trade Methods Compliance Policy

The B-EN-G Group has formulated this policy in light of the global demand to maintain fair and equitable competition, to comply with the Antimonopoly Law and other domestic and foreign competition-related laws and regulations, and to ensure the lawful and proper conduct of its business.

  1. We conduct fair transactions in accordance with sound business practices and faithfully fulfill our contractual obligations with business partners.
  2. In our relationships with business partners, we comply with relevant laws and regulations such as the Antimonopoly Act and strive to conduct transparent and fair transactions.
  3. We fully understand the Subcontract Act, and do not engage in acts that result in refusal of acceptance, unfair purchase criticism, delay in payment, etc.
  4. We do not engage in acts that constitute unfair trade practices, such as restricting resale prices or tying sales.
  5. We do not make any arrangements with other companies in the same industry regarding sales prices, quantities, etc., nor do we engage in acts that unfairly restrict trade, such as bid rigging.

Issue date: June 8, 2023