Wave|WONIK QnC

Wave of happiness

Wonik QnC is dedicated to fulfilling its social responsibilities in order to address societal issues and create shared value. We actively support inclusive growth to enhance the competitiveness of our supply chain and pursue sustainable coexistence. Our efforts to spread waves of happiness in society, including not only our business partners but also the local community, will continue in the future.

Wonik QnC

aims to fulfill its social duty by developing stronger partnerships with suppliers by implementing supply chain
ESG policies and shared growth policies(①fair trade relations, ②promoting and supporting suppliers, and ③shared partnerships)

Shared Growth Policy

Fairness
- Fair purchasing agreements
- Prevention of legal violations / support for complaints handling
- Reflecting evaluation results (in allocating volume, rewarding excellent companies)
Fostering
- ESG support
- funding
- education support
- Shared Growth Exchanges (quality, manufacturing)
Sharing
- Meeting with suppliers
- Sharing suggestions
- Sharing best practices
- Selecting joint innovation projects

Wonik QnC has adopted the following voluntary Shared Growth Policy and received the
"Fair Trade Agreement Implementation Assessment."

Fair Trade Agreement Implementation Assessment
Rating Year	21	22	2023(Rating in Oct.)
Rating Grade	Unapplied	Unapplied	To post a rating grade after completing the evaluation

Fair Trade Agreement Implementation Assessment
Rating Year	Rating Grade
21	Unapplied
22	Unapplied
2023 (Rating in Oct.)	To post a rating grade after completing the evaluation

Four Pillars of Action for Shared Growth

Desirable contract agreement for mutual cooperation
- 1If a shorter delivery date than usual is set for emergency orders after determining the delivery date by regular procedure and enough consultation, agreement should be reached through discussions with suppliers.
- 2Calculating and updating the transaction price using a fair unit price calculation adjustment method, such as reflecting increases in the cost of raw materials, fluctuations in exchange rates, and inflationary effects (introducing delivery price adjustment standards and procedures)
- 3Prohibiting unjustified price reductions, etc.
Fair selection (registration) of suppliers
- 1Ensuring fairness and transparency of partner selection (registration) and cancellation criteria (disclose criteria, procedures)
- 2Announcing partner selection (registration) review results
- 3Granting equitable bidding opportunities to suppliers, etc.
Establishing and operating a subcontracting internal review committee
- 1Establishing an internal review committee for subcontracting transactions
- 2Conducting a preliminary deliberation on major pricing decisions such as raw material price conditions
- 3Deliberating on the appropriateness of the criteria and procedures for selecting, registering, and canceling suppliers
- 4Operating a reporting center for unfair trade
Preferred documentation and retention
- 1Seven documents, including a subcontract (including additional amendment), subcontract confirmation form, certificate of receipt of object, notice of inspection result, reduction document, request to provide technical data and notice of contract change, are issued.
- 2In accordance with Article 23, Paragraph 1 of the Subcontracting Act, documents prescribed in Article 6 of the Enforcement Decree of the Subcontracting Act, such as receipt certificates, inspection result notices, payment slips, and documents recording the reasons for the reduction, are retained for three years.
- 3In line with Article 6, Paragraph 2 of the Enforcement Decree for the Subcontracting Act, requests to supply technical data and related confidentiality agreement documents shall be kept for seven years.

ESG Policy for Supply Chain

In the supplier selection, registration, and maintenance processes, Wonik QnC has designed and implemented the Supplier Code of Conduct, which reflects the globally mandated ESG requirements and provides systematic support to assist suppliers to satisfy ESG requirements.

Human rights

Health and safety, working conditions and wages, etc.
labor

Freedom of association, child labor, forced labor, etc.
environment

Environmental protection and pollution control
anti-corruption

Anti-corruption and legal compliance
conflict minerals

Regulation of the use of conflict minerals

Supplier Registration and Evaluation Process

Fair Trade Policy

Download

Wonik QnC Purchase management System(WPS)

Vision

Resounding Happiness, Creating Value
Creating values through the dissemination of its core value, 'Happiness.'
Mission
Be a respected Corporation
- Short-term2023 ~ 2025 : Wonik QnC respected in the local community
- Mid-term2026 ~ 2028 : Wonik QnC respected nationwide
- Long-term2029 ~ 2030 : Wonik QnC respected globally
Plan
Direction of Progress
From a medium to long-term perspective, we will start our activities within the local community and gradually expand the scope.
- ※ From 2023 to 2025, we focus on carrying out social contribution activities that are needed in the Gumi area.
- Short-term
  Establishing sustainable plans for the local community
  - Creating a cultural city, Promoting industry-academia collaboration, Job creation, "One Company, One Stream" campaign for preserving and cleaning rivers, Improving the surrounding environment of the company, Supporting socially vulnerable groups
- Mid-term
  Establishing plans for expanding domestic influence
  - Domestic environmental protection, Blood donation relay, Domestic emergency relief projects
  - Support for socially vulnerable groups (Implementing targeted support programs)
- Long-term
  Establishing plans for securing global influence
  - International environmental protection, Overseas emergency relief projects
  - Development projects in impoverished countries (Long-term project agreements)
  - Operation of overseas volunteer groups

Activity History

Donation and sponsorship Annually, Wonik QnC satisfies its social responsibilities by participating in donation and sponsorship activities with a variety of domestic and international welfare groups and sponsors.
Employment of the physically challenged Wonik QnC supports activities as a member of society by hiring individuals with disabilities, and it continues to improve working conditions and increase its recruitment size.
Coexistence with local communities Wonik QnC is collaborating with Gumi City to implement the 'My Gumi with Wonik' program for the mutual benefit of the local community. Workers actively participate in a variety of initiatives, such as river cleanup, environmental improvement, and support for the disadvantaged.
Creating shared value Wonik QnC is a representative local company in Gumi, and to repay the recognition we have received from the local community, we engage in a variety of social contribution activities, such as supporting the creation of a cultural city in Gumi, industry-academia cooperation, and agreements to hire homegrown talents.