To further strengthen our customers' trust and our own pride, making it the driving force for the future,
POSCO YAMATO VINA has redefined the 'Core Values of Ethical Management' with the following three major directions reflecting contemporary values and requirements.
POSCO YAMATO VINA will strive to establish itself as a trusted leader in the global market through ethical management.
Core Values of Ethical Management
First, 'My' decisions and actions are always rooted in 'Integrity.'
We do not pursue personal interests in the course of business, and make choices that are right and honorable under any circumstances.
Second, we practice the value of 'Respect' for 'Others (You).'
We protect the human rights of not only our colleagues but also everyone we connect with in our business activities, embrace diversity, and treat everyone fairly.
Third, we expand the framework of 'Us' through 'Mutual Empathy' with stakeholders.
We develop and grow together through mutual trust by listening to stakeholders' opinions and respecting various perspectives and rights.
Modern Slavery Statement
Modern Slavery Statement (Pursuant to the Modern Slavery Act 2018)
Modern Slavery Statement 2025
This statement has been prepared pursuant to the Modern Slavery Act 2018 and is an official high-level corporate disclosure approved by the PY Vina Board of Directors.
Download Original Statement (PDF)Human Rights & Supply Chain Commitment (Introduction)
POSCO YAMATO VINA (PY Vina) is firmly committed to combating modern slavery and respecting human rights across our business practices and supply chains. We strictly prohibit and work to eradicate all forms of exploitation, including human trafficking, forced labor, and child labor. Aiming for a sustainable development era, we ensure our consultants, suppliers, and contractors share these core ethical values through regular due diligence.
Executive Signed
Signed by Mr. Seo Kyeong Cheol (General Director) & officially approved by the Board of Directors (Jan 15, 2026).
Global Compliance
Fully complies with the guidelines mandated by the Modern Slavery Act 2018.
Reporting Entity
Reporting Entity: Clarifies our single operating structure as an independent hot-rolled structural steel manufacturer in Vietnam, with no other controlled entities.
Structure & Supply Chain
Structure & Supply Chain: Covers approximately 700 direct employees and a highly transparent procurement network managing 332 suppliers for scrap, raw materials, and services.
Modern Slavery Risks
Modern Slavery Risks: Rigorously assesses operational and supply chain risks using global indexes, maintaining a 'Low Risk' classification for Vietnam and major sourcing countries.
Actions Taken
Actions Taken: Implements mandatory agreement to the Supplier Code of Conduct via the EPRO bidding software, alongside conducting targeted on-site inspections.
Assessing Effectiveness
Assessing Effectiveness: Conducts confidential organizational health and human rights compliance surveys monitored by headquarters to proactively address potential issues.
Consultation Process
Consultation Process: Maintains transparent internal governance under the joint venture share structure (POSCO 51%, Yamato 30%, Siam Yamato 19%) as a single reporting entity.
Unethical Conduct Reporting
For general business-related inquiries, please refer to other sections of our website or contact the respective department directly.
Reportable Actions
- - Accepting money, valuable goods, or entertainment from external stakeholders in connection with duties
- - Using one's position to gain unfair advantage or causing damage to the company with unfair means or intentions
- - Other unethical acts involving external stakeholders
Please be advised that whistleblowing reports may be excluded from investigation if they fall under the following categories:
- • Reports regarding employees' private lives or personal disputes in which the company cannot intervene
- • Reports submitted for the purpose of demanding special privileges or for unfair intentions
- • Slandering others with groundless malicious reports, false facts, or one-sided allegations
Confidentiality for Reporter
1. Prohibition of Identity Disclosure and Retaliation
- • All executives and employees must not disclose the identity of the reporter even if they become aware of it during their duties or by chance.
- • Any actions that could expose the identity are prohibited, including inquiring about the reporter or tracking the informant.
- • Disclosing or implying the identity of the reporter or cooperators without their explicit consent is prohibited.
- • Violations of the confidentiality obligation may result in disciplinary action against those involved.
2. Prohibition of Disadvantageous Treatment
- • Violations of the whistleblower protection obligation may result in disciplinary action against those involved.
Reporting Methods
1. Reporting Channels
• Reports can be made through various channels, including Cyber Reporting, mail, phone, or in-person visits. Please select the most convenient method.
2. Reporting Instructions
• Please provide the personal details of the reporter and the violator, along with the details of the violation, based on the 5W1H principle.
3. Reporting Office
✉️ E-mail : ethics_pyvina@pyvina.com
📞 Phone : +84-254-389-2020
📍 Address : N1 Street, Phu My 2 Industrial Zone, Phu My Ward, Phu My Town, Ba Ria - Vung Tau Province, Vietnam POSCO YAMATO VINA (Postal Code: 790000)
HR/GA Dept. General Manager
※ Shortcut to Corporate Center: Corporate Ombudsman Office