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Dunamu Strengthens Commitment to Fair Trade Compliance with Employee Pledge
Dunamu, the operator behind South Korea's leading cryptocurrency exchange platform, Upbit, has reaffirmed its dedication to fair trade practices. On October 22, the company announced that its executives and employees participated in a fair trade compliance pledge ceremony, underscoring its commitment to ethical business practices.
The ceremony, held the previous day, served as a formal demonstration of Dunamu’s alignment with South Korea's fair trade laws. It spotlighted seven pivotal action items designed to promote compliance and transparency across its operations. These measures include:
- Preventing the abuse of superior bargaining power
- Restricting unfair support for affiliated companies
- Avoiding collusion with competitors
- Prohibiting directives or complicity in fair trade law violations by employees
- Ensuring accurate and transparent information is provided to customers
- Upholding fairness in partnerships with affiliated businesses
This latest initiative builds on efforts introduced earlier this year. In February, Dunamu launched its Fair Trade Compliance Program (CP), a comprehensive framework designed to strengthen adherence to regulatory standards. As part of this program, the company appointed its Chief Legal Officer (CLO), Lim Jong-heon, as Compliance Manager. To ensure effectiveness, a dedicated compliance team was established, alongside an internal structure focused on implementing fair trade principles.
Dunamu has also taken active steps to embed compliance into its corporate culture. Regular newsletters, targeted training sessions, and educational workshops are provided to employees, helping them understand fair trade laws and apply them in real-world scenarios. In addition, the company maintains program integrity through quarterly inspections to evaluate progress and identify areas for improvement.
“Fair trade compliance is crucial for achieving sustainable growth in the fast-evolving cryptocurrency industry,” stated Oh Kyung-suk, CEO of Dunamu. “By embedding transparency and fairness into our corporate values, we aim to foster a healthier market ecosystem while fulfilling our broader social responsibilities.”
Dunamu’s proactive measures underscore its leadership in ethical business practices within the cryptocurrency space. As consumer trust plays an increasingly vital role in determining market success, Dunamu's emphasis on regulatory compliance positions both Upbit and its broader enterprise for long-term reliability and growth.
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