With the determination to eradicate the gift-giving practice between stakeholders before big holidays, Pulmuone has communicated an official notice from General CEO stating the gift banning policy since 2004.

Gifts delivered against the notice are all returned and those that cannot be returned are put on an auction at less than 50% of their market price whose proceeds go to the ‘Love for Neighbor Fund’.

The gift return policy has been fully entrenched as distinct corporate culture of Pulmuone that has to be observed not only around holidays but also in everyday practice. Employees now report to the office in charge without hesitation if they receive gifts from stakeholders. According to the internal survey conducted by the Compliance organization based on direct interviews with stakeholders, respondents were confirmed to fully understand the intent and content of the no-gift provision.

In 2016, a total of 20 unreturned gifts were donated to the fund, raising KRW 591,000.