Management Policy for Conflict Minerals
JINSUNG C&I will actively participate in international efforts to prohibit the use of conflict minerals with suppliers and customers, thereby fulfilling its social responsibility to protect human rights in the Democratic Republic of the Congo and neighboring countries.
Conflict minerals refer to minerals such as tin, tantalum, tungsten, and gold produced in countries experiencing conflict, including the Democratic Republic of the Congo and neighboring countries. Funds generated from the sale of conflict minerals often flow to armed groups within these countries, leading to the massacre of civilians. Moreover, human rights abuses such as child labor, forced labor, and violence against women occur during the mining process.
In response to growing international concerns, the US Congress enacted the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010, which mandates reporting on the use of conflict minerals. Pursuant to Section 1502 of the Act, companies listed on US stock exchanges are required to investigate the use and origin of conflict minerals in their supply chains and report the findings to the US Securities and Exchange Commission (SEC).
JINSUNG C&I will act as a responsible corporate citizen to ensure that conflict minerals associated with armed groups in conflict-affected areas are not included in our supply chain for product manufacturing.