- YG Entertainment Raises the Bar for Ethical Management in Entertainment Industry 목차
YG Entertainment, a leading South Korean entertainment company, has become the first in the domestic industry to acquire the integrated certification for the compliance management system (ISO 37301) and the anti-corruption management system (ISO 37001). The certification ceremony took place on April 19 at YG's new headquarters in Hapjeong-dong, Mapo-gu, Seoul, with about 20 attendees, including Co-Representative Hwang Bo-kyung and Korea Compliance Institute (KCI) Hwang In-hak.
The compliance management system and anti-corruption management system are international standards established by the International Organization for Standardization (ISO). These standards aim to prevent corruption and bribery and to ensure transparent, fair operations in compliance with all laws, regulations, and codes of conduct.
YG Entertainment's acquisition of these certifications demonstrates the company's commitment to promoting a culture of compliance and establishing a robust compliance process. This involved selecting internal auditors for each department, training management, conducting duty and risk identification workshops, and carrying out internal audits.
Since last year, YG Entertainment has been restructuring its compliance organization and undertaking various initiatives to foster a culture of compliance and ethical management. Through company-wide efforts to identify duties and risks for executives and employees, establish a control system, and propagate a culture of compliance with norms, YG Entertainment has achieved this industry-first integrated certification.
Hwang Bo-kyung, Co-CEO of YG Entertainment, expressed her pride in the company's accomplishment, stating, "This is a meaningful result achieved together by forming a consensus on compliance and ethical awareness across the company." YG Entertainment's certification is expected to inspire other entertainment companies to follow suit, promoting transparency and ethical management throughout the industry.