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ESG

PRIDE OF QUALITY PARKWON STEEL BALL

ESG Management

Confilict Materials

Overview of Conflict Materials

Conflict materials refer to the 4 minerals (tin, tantalum, tungsten, gold) that are mined in DRC and the surrounding countries, and the countries included are DRC, Sudan, Rwanda, Burundi, Uganda, Congo, Zambia, Angola, Tanzania, and Central African Republic.

In these countries, the armed forces such as rebels or government forces are known to have seized mining and distribution of minerals, and secure funds through this.
This not only causes loss of lives, but also results in human rights issues such as violation of human rights or exploitation of labor, as well as social issues such as environmental pollutions that violate international laws.

As the conflict mineral regulations of “Dodd-Frank Wall Street Reform and Consumer Protection Act” passed the US Congress in July 2010, the foundation for legal remedy of conflict mineral use was established.
Use of conflict minerals must be reported each year from 2014, and the companies listed in the US stock market, as well as Korean companies supplying to such companies must report the use of conflict minerals as well.

Conflict Mineral
Management Policy

Parkwon, Ltd. Acknowledges human rights violation and environment destruction when minerals are mined in the conflict areas of Africa and global conflict and high-risk regions and tries to minimize relevant negative effects on society and environment.

Therefore, we have established a responsible supply chain management system for minerals from conflict or high-risk regions and reinforce clarity in the supply chain. In addition, we guarantee to comply with all regulations and laws in places where we supply our products or operate business. Also, the information provided to Parkwon may be disclosed to the concerned parties of Parkwon in accordance with relevant regulation and agree to update any changes continuously.

"Conflict and High-risk Regions"

Conflict and high-risk regions have been confirmed by armed disputes, widespread violence or risks that are harmed to people. Armed disputes display anti-international characteristic formed through international conflicts, liberation wars, rebellions, or civil wars. High-risk regions include unstable policy or suppression, weakness of protective facilities, anxiety, collapse of civil-based facilities and expansive violence area. These regions are frequently characterized by human rights abuse and violation of national or international laws.

(Source : OECD Due Diligence Guidance For Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas)