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ESG

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Human Rights Management

- Grievance Handling and Management System for
Human Rights Violations

PANASIA operates a Grievance Committee to monitor, provide
consultation, and take appropriate actions related to human rights
management. The company has appointed grievance counselors and
established reporting channels that allow employees to submit concerns
or reports regarding potential human rights violations.
All reports are treated with strict confidentiality and anonymity to ensure
that employees are protected from any disadvantage or retaliation
resulting from their reports. PANASIA is committed to safeguarding the
rights and dignity of every employee through a fair and transparent
grievance handling process.

- Human Rights Charter

Human Rights Charter

PANASIA Co., Ltd. is fully committed to fulfilling its social responsibilities and upholding the dignity and
value of every individual through proactive human rights management across all business activities.
To this end, we define our responsibilities to respect human rights for our employees, subsidiaries, partners, customers,
and local communities, and hereby declare the following principles of human rights management:

  • 1. We support and comply with international standards and norms that promote the values of human rights, labor, environment, and anti-corruption.
  • 2. We take proactive measures to prevent human rights violations and strive to provide effective remedies when they occur.
  • 3. We respect diversity among all stakeholders, including employees, and do not discriminate on the basis of race, religion, disability, gender, age, place of birth, or political opinion.
  • 4. We guarantee freedom of association and collective bargaining, and we strictly prohibit any form of forced or child labor.
  • 5. We comply with all labor principles recommended by the International Labour Organization (ILO) and ratified by the state,
    and we promote industrial safety and health to ensure a safe working environment for all stakeholders
  • 6. We pursue responsible supply-chain management by treating subsidiaries and partners fairly in all contracts, transactions, and activities, and by supporting them in practicing human rights management.
  • 7. We strive to ensure customer safety, health, and protection of personal information.
  • 8. We respect and protect the human rights of local residents in the regions where we operate.
  • 9. We comply with domestic and international environmental laws and regulations and are committed to environmental protection and pollution prevention.
  • 10. We prioritize public safety and respect and protect the right to mobility, ensuring that all people can move freely, conveniently, and safely.
September 2022

All executives and employees of PANASIA Co., Ltd.

- Code of Conduct for a Healthy Workplace Culture

To comply with Article 76-2 of the Labor Standards Act and to realize the ESG principle of respect for human rights, PANASIA has established a Code of Conduct for
Workplace Ethics. We are committed to fostering a Happy Work Campus, where all employees—regardless of hierarchy, position, or gender—are treated equally and work together in a fair, open, and positive environment free from discrimination.

- Human Rights Education

In line with PANASIA's principle of prioritizing the environment, we have established an eco-centered management system and conduct ongoing human rights and
environmental training programs.

- Operation of the Grievance Committee

PANASIA has appointed one representative each from labor and management to serve on the Grievance Committee, which addresses employee concerns related to personnel matters, compensation, work environment, welfare, interpersonal relationships, workplace harassment, and sexual harassment.
All reports are handled confidentially and are processed and communicated within 10 days of receipt, in principle.
There have been no grievance cases reported or processed in the past three years.

- Organizational Culture Improvement

PANASIA established the Junior Board in April 2021 to build a horizontal, open culture and encourage innovative ideas from young employees. The board meets monthly to suggest improvements, which are reviewed through executive meetings and reflected in company policies.
Key initiatives include improving meeting and work culture, promoting ESG and compliment campaigns, and enhancing the 52-hour work and smart work systems.

- Labor

PANASIA operates a simplified job-grade system to foster flexibility and a horizontal culture, nurturing next-generation leaders and improving agility
through Agile management.

- Talent Development

PANASIA has defined its ideal talent as “creative individuals with a 3P Mind and PANASIA Spirit.”

3P
MIND
  • Positive
  • Professional
  • Patience
PANASIA
SPIRIT
  • Passion
    Talented individuals who take ownership, embrace challenges, and move forward toward a bright future
  • Attractive
    Those who express their unique individuality and share happiness and positive energy with others.
  • Noble
    Global talents with strong self-esteem who live proactively and confidently pursue their goals to the end.
  • Ability
    Professionals who continuously develop themselves to become top experts with advanced knowledge and experience in their fields.
  • Strong
    Individuals with strong physical and mental endurance who stay resilient in achieving their goals.
  • Influence
    Market leaders who stay ahead of trends and drive change within their organizations with influence, competence, and insight.
  • Alive
    People with a bright and positive attitude who are not afraid of failure and boldly take on new challenges.

- Talent Development

PANASIA has defined its ideal talent as “creative individuals with a 3P Mind and PANASIA Spirit.”
Through PANASIA College, the company provides a structured talent development system that supports all employees in improving their skills and capabilities.

Category Target Description
Basic Training New Employees Understanding PANASIA’s vision, values, and culture;
job adaptation training
Job Training All Employees Job-specific skill and knowledge training by level
Online Small Group Training All Employees Small-group learning for skill sharing
Compliance Training All Related Staff Safety, privacy, harassment prevention, disability awareness,
retirement training
Promotion Training Promoted Employees Leadership and role awareness for new positions
Leadership Training Managers / Executives Leadership and management development for company leaders

Training materials created and edited directly by PANASIA College employees

Category Unit 2022 2023 2024
Training Hours per Employee Hours 55 57 74
Training Cost per Employee KRW 1,000 248 264 378

Safety and Health Management

- Goal

Zero industrial accidents (ZERO)

-Safety and Health Management Organization

-Safety and Health Management Organization

  • Health Checkups
    PANASIA provides regular and special health checkups by job type and offers training on posture and healthy habits to prevent musculoskeletal disorders.
  • Mental Health Care
    Annual mental health screenings are conducted, followed by counseling and training programs. Wellness spaces such as a health room, play zone, and snack bar help employees relieve stress.
  • Work Environment Monitoring
    Biannual assessments check exposure to noise, dust, and chemicals, with improvements like welding automation and ventilation upgrades.
  • Group Accident Insurance
    PANASIA provides group accident insurance to ensure employee safety, satisfaction, and long-term stability.

Supplier Management

- Supplier Management Process

PANASIA has established clear standards and procedures for selecting and managing partner companies to ensure fair subcontracting practices and prevent legal violations in advance. These efforts enhance transparency and fairness in supplier management.
In addition, PANASIA provides technical, managerial, and educational support to help its partners grow and strengthen their competitiveness, working together to build a sustainable and resilient supply chain ecosystem.

- Partner Evaluation

PANASIA conducts annual evaluations of partners based on finance, pricing, delivery, expertise, inventory, cooperation, and ESG performance.
Outstanding partners receive benefits such as higher supply volume, better payment terms, and incentives. PANASIA also guides improvement plans to
strengthen overall competitiveness.

- Technical Support

PANASIA holds an annual Alliance Workshop to identify key quality issues, define problems, and develop improvement ideas with partners,
enhancing both quality and productivity.

Social Contribution

파나시아 임직원 봉사활동 단체 파나누리

PANASIA protects information assets and personal data through internal
regulations on asset management, HR/outsource security, and privacy.
All assets are classified and managed by importance, and employees—including contractors—receive annual security training and sign confidentiality agreements.

- Local Talent Development
PANASIA supports local talent and job creation through industry-
academia programs and scholarships.
It established a contract department with Pusan National
University for eco-energy research and donated KRW 500 million
over 10 years to Korea Maritime & Ocean University to foster
green technology and quality jobs.

Pusan National University Scholarship
Ceremony

Korea Maritime & Ocean University
Development Fund Ceremony

- Local Economy Activation
PANASIA supports Busan startups by giving lectures and
mentoring on entrepreneurship and management.
With the Ministry of Employment and Labor, PANASIA and KSA
provided “Workplace Innovation Consulting” to seven partner SMEs, helping improve work culture and promote mutual growth
in the Busan-Gyeongnam shipbuilding sector.

Busan Startup Mentoring Event

Workplace Innovation Consulting
Achievement Sharing Session

- Community Engagement
PANASIA supports underprivileged communities through donations, volunteering, and housing improvements—guided by its founding philosophy,
“Benefit others to benefit oneself.”

Housing Improvement for the Underprivileged

Volunteer Work at a Childcare Center for the Disabled

Rice Donation Ceremony at Gangseo-gu Office, Busan

PANASIA Carbon-Neutral Forest in Haeundae Arboretum
PANASIA donated funds to establish the PANASIA Carbon-Neutral Forest within the Haeundae Arboretum in Busan.
A total of 450 trees, including zelkova, horse chestnut, and holly—species known for their excellent carbon absorption and fine dust reduction—were planted over 5,500 m².
The forest is expected to absorb about 5 tons of CO₂ per year, with even greater impact as the trees mature.
Carbon-Free Classroom Forest Project
PANASIA launched an initiative to improve air quality in elementary school classrooms by placing air-purifying plants.
Schools located in areas frequently affected by fine dust in Busan were selected, and educational programs were provided to teach students about the causes, risks, and prevention of air pollution,
raising environmental awareness among children.
“Helping Hands” Marine Environment Cleanup
To protect the marine environment, PANASIA employees
voluntarily donate a portion of their monthly salaries to a fund
used for plogging activities—collecting litter along the coast and at
Jinhae Sokcheon Port.
The donation fund also supports meals and snacks for
underprivileged residents, combining environmental action with
community care.

Information Security

PANASIA safeguards its information assets and personal data through regulations on asset management, risk assessment, HR/outsource security, and privacy protection. New assets are identified, classified, and managed according to their importance, and all employees—including contractors—receive annual information security training and sign confidentiality agreements.

  • Information Security System
    PANASIA has established a structured information security organization consisting of asset users, managers, administrators, the Chief Information Security Officer (CISO), and the Information Security Committee, each with defined roles and responsibilities.
  • Personal Data Protection
    PANASIA updates its privacy policy regularly, conducts annual data protection training, and ensures system security through access control, password enforcement, and terminal management.
  • Asset Classification and Documentation
    Information assets are categorized (system, network, software, documents, physical, and human assets) and managed through asset registers, change/disposal forms, and security review reports.
  • System Security Enhancement
    A disaster recovery plan and configuration management solution have been implemented to ensure data integrity and strengthen system reliability.
- Information Security Training
All employees receive annual mandatory training on data protection and technical security workshops led by external experts.