SK INC.

Code of Ethics

SK Inc. practices ethical management

We at SK Inc. practice SKMS and are committed to creating value for our customers, employees, shareholders, business partners and other stakeholders. By doing so, we contribute to social and economic development and greater happiness for all. To this end, we have developed and adopted a Code of Ethics governing our day-to-day operations and decision making.

• Code of Ethics

• Basic Ethical
  Principles

• Our Responsibilities
  to Shareholders

• Business Partners

• Customers

• Society

• Supplementary
  Provision

• Basic Ethical Principles

  We at SK Inc. perform our jobs faithfully with a sense of pride, professionalism and ownership.

  We separate our personal interests from professional responsibilities, and ensure fairness and transparency in carrying out our duties.

  We promote corporate culture where members of SK respect each other and work on one’s initiative and with passion.

• Our Responsibilities to Shareholders

  We improve transparency and efficiency in business management, and enhance corporate value to deliver shareholder value.

  We are in constant pursuit of innovation to promote efficient management and maximize corporate value. And we share progress with shareholders.

  The board of directors practices transparent management, and respects shareholders’ rightful demands and suggestions.

  We prepare and provide disclosure documents in accordance with the relevant laws and standards to protect the interests of shareholders.

• Business Partners

  We work and grow together with our partners.

  We provide fair trade opportunities to our partners, do not abuse our superior position by engaging in wrongful acts, and pursue mutual benefits and development with our partners.

  We compete fairly and squarely on a level playing field.

• Customers

  We provide good service to customers to win their trust and ultimately grow hand in hand with them.

  We value customers’ diverse opinions and reflect them in management.

  We protect customers’ personal data and property in accordance with the relevant laws and the company’s regulations.

• Society

  We contribute to not only economic development but also society by engaging in social and cultural activities, and practice good management in accordance with social rules and regulations.

  We are actively engaged in social contribution activities to bring greater happiness to all.

  We contribute to social development through environment-friendly management.

• Supplementary Provision

  The Code of Ethics comes into effect on October 1, 2008.

  We put in place the Code of Ethics Guidelines to help people at SK better understand and practice the ethical codes.