SK Inc.

Fundamental Ethical Standards for
SK People

As responsible members of SK, SK People will act on
the conviction that cultivating the happiness of all SK
People with the company’s organized power can also
elevate their own happiness.

1. 1) Fostering a Healthy Corporate Culture

   • SK People shall treat one another with respect and refrain from any unethical conduct that undermines a safe and dignified workplace, including workplace harassment, sexual misconduct, or violations of company rules and order. 
   • SK People shall voluntarily and willingly pursue SUPEX (Super Excellent Level), taking the lead in creating the best environment for exercising Pae-gi.

2. 2) Fair and Transparent Business Conduct

   • SK People shall clearly separate public and private matters, conducting business fairly and transparently while prioritizing the interests of SK.
   • SK People shall not conceal, distort, exaggerate, or delay reporting of facts.
   • SK People shall avoid conflicts of interest, and shall use Company resources and assets only in accordance with relevant policies.
   • SK People shall neither solicit nor accept money, gifts, entertainment, or other personal benefits from stakeholders, nor make improper requests of them.

3. 3) Prohibition of Insider Trading and Compliance with Information Security Policies

   • SK People shall not use non-public material information obtained in the course of their duties for personal gain, including securities trading, nor provide such information to others.
   • SK People shall comply with SK’s information security policies, safeguarding trade secrets and personal data acquired in the course of business to prevent unauthorized disclosure.

Commitment to Customers

SK will earn customers’ trust by offering and
satisfying them with a variety of values and
ultimately develop together with our customers.

1. 1) Customer-Centric Management

   • SK respects customer feedback and actively reflects it in business operations.

2. 2) Protecting Customer Value

   • SK makes its utmost effort to safeguard customers’ assets and information in compliance with applicable laws and internal regulations.

Relationships with Business Partners

SK will build a fair and competitive business
ecosystem with our business partners, and achieve
mutual development through cooperation based on
this ecosystem.

1. 1) Shared Growth

   • SK provides fair opportunities for business partners, refrains from abusing authority or superior bargaining power, and seeks mutual benefit and co-prosperity.

2. 2) Fair Competition

   • SK engages in fair competition with industry peers, upholding mutual respect and integrity.

Responsibilities to Shareholders

SK will raise the company’s value by continuously
creating shareholder value.

1. 1) Enhancing Corporate Value

   • As a holding company, SK systematically manages risks across its business portfolio and pursues sustainable value creation.
   • SK maximizes corporate value through continuous innovation and efficient management, sharing the results with shareholders.

2. 2) Protecting Shareholder Rights

   • SK practices transparent governance centered on the Board of Directors and respects legitimate shareholder requests and proposals.
   • SK prepares accurate management information in accordance with applicable laws and accounting standards, and faithfully discloses information to protect shareholder interests.

Role in Society

SK will grow together with our society while making
various contributions such as environmental
protection, job creation, improvement in the quality
of life, and the support of local communities.

1. 1) Environmentally Responsible Management

   • SK complies with international standards and applicable laws on environmental protection, contributing to sustainable development through eco-friendly management practices.

2. 2) Job Creation

   • SK secures outstanding talent by providing stable, long-term employment and fosters an environment where diverse SK People can realize their potential through systematic training and career development programs.

3. 3) Enhancing Quality of Life

   • SK goes beyond its SK People and stakeholders, contributing to broader society by improving health, culture, education, safety, and living standards.

4. 4) Community Engagement

   • SK contributes to the revitalization of local economies where it operates and continues social contribution activities to improve community welfare and address local issues.

5. 5) Political and Charitable Contributions

   • SK does not provide political donations or support to politicians, political parties, or election-related entities, in accordance with applicable laws such as the Political Funds Act.
   • Charitable contributions shall be limited to non-profit and public-interest purposes, executed transparently with anti-corruption and conflict-of-interest principles as top priorities.
   • All contributions must undergo internal review and approval processes, and records must be documented and made available for external disclosure when necessary.

Application of the Code of Ethics

1. 1) Scope of Application

   • This Code applies to SK and all SK People (including regular, part-time, fixed-term, and contract staff; hereinafter collectively referred to as “SK People”). SK and its SK People shall communicate and disseminate this Code to both domestic and overseas subsidiaries as well as stakeholders, and encourage its implementation.

2. 2) Compliance and Accountability

   • SK and its SK People shall comply with this Code, and any violations will be subject to disciplinary action under Company regulations.
   • The Ethics Management Office shall serve as the department of primary responsibility for this Code.
   • The Ethics Management Office shall establish and operate detailed Ethics Practice Guidelines to ensure that SK People correctly interpret and implement this Code.