1. Sincere income (earning) declaration and compliance with tax payment regulations

• We shall sincerely pay various taxes such as corporate tax, income tax, VAT, and local taxes according to the tax payment procedure prescribed in the law.

2. Reasonable and transparent tax-related financial disclosure

• We shall transparently disclose tax-related details such as sales, operating incomes, and tax amounts to the fullest.

3. Protection of shareholder value

• We shall make an effort to protect shareholder value through the effective performance of tax duties and the payment of the reasonable tax amount.

4. Tax-related risk management

• We shall make an effort to prevent and manage tax-related risks in advance. These include direct risks such as financial risks for unpaid taxes and indirect risks that have negative impact on the reputation risk etc.

5. Foster internal tax-related experts (foster Group human resources)

• We shall foster employees with professional tax knowledge (tax account and others) as tax experts through regular internal and external training related to tax laws and regulations so that the Group can maintain the rationality and consistency of the tax policy.

1. Tax risk

• Risks that include taxation errors based on incorrect tax law application and non-reflection of the revised tax law etc. that lead to the additional taxes or tax investigations from the tax authorities.

2. Reputation risk

• The risk that has a negative effect on the reputation of the Group because the media and public opinion become worse due to the occurrence of tax risk.

1. Moderate : the normal level at ordinary time

2. Serious : the level that can to be controlled even if the tax and the reputation risk increase due to occurrence of a tax risk event.

3. Catastrophic : the level that cannot be controlled because the tax and the reputation risk of the Group approach an acute level.

1. We shall sincerely fulfill the tax obligations according to the tax payment procedure prescribed in law and consequently prevent tax risks such as the occurrence of unpaid tax amounts and additional taxes, and tax investigation.

2. We shall keep a good relationship with the tax authority, government departments, and related organizations with the expertise in the performance of tax duties and accordingly minimize the probability of tax risk.

3. We shall assign employees with professional knowledge, i.e. of tax including tax accountants or certified public accountants, to tax-related positions so that they can perform related work, and relevant employees will have full knowledge of the current laws and regulations, notice obligations etc.

4. We shall efficiently manage the tax-related risk that can occur in the corporate management through consultation with external tax experts(i.e. accounting firms).

5. We shall regularly monitor tax-related risks such as tax risk and reputation risk, and check the levels of risks before and after the occurrence not to have a negative impact on the management activities of the Group.