Governance
Strengthening sustainability through responsible governanceAs the highest decision-making body for sustainability, the Board of Directors provides leadership on long-term sustainable management and monitors related risks.
With the compliance and ethical values as its foundation, OLIVE YOUNG establishes the internal standards and advances its compliance system.
OLIVE YOUNG clearly recognizes the importance of information security and personal data protection. To prioritize the safeguarding of customer information, the company has established and maintains a company-wide data security management system.
                            01
                            Board of 
Directors
                        
                        | Classification | Name | Gender | Career Details | Term of Office | Affiliated Committee | 
|---|---|---|---|---|---|
| Executive Director | Lee Sun-jung | Female | CEO of CJ OLIVE YOUNG Corp. 1) | January 18, 2023 to March 18, 2026 | Independent Director Nomination Committee Compensation Committee | 
| Jang Ji-min | Male | Head of Management Support, CJ OLIVE YOUNG Corp. | March 31, 2025 to March 18, 2028 | Audit Committee Compensation Committee | |
| Other non-executive director | Lee Jong-hwa | Male | Head of Portfolio Strategy Team 2, CJ Corp. | January 18, 2023 to March 18, 2026 | Compensation Committee | 
| Independent Director | Jang Geum-ju | Female | Professor, School of Business Administration, University of Seoul | March 31, 2025 to March 18, 2028 | Audit Committee Independent Director Nomination Committee Compensation Committee | 
| Huh Sung-wook | Male | Professor, School of Law, Seoul National University | March 31, 2025 to March 18, 2028 | Audit Committee Independent Director Nomination Committee Compensation Committee | 
1) To ensure efficient business operations and strategic consistency based on a strong understanding of the health and beauty industry, the CEO also holds the position of Chairman of the Board.
                            02
                            Committees 
under 
the Board of 
Directors
                        
                        - Audit Committee
- 
                                        Independent 
 Director
 Nomination
 Committee
 Compensation
 Committee
- 
                                        Compensation 
 Committee
                            03
                            Board Expertise 
Training
                        
                        Grounded in a foundation of compliance and ethical values, Olive Young establishes internal standards and strengthens its voluntary compliance system.
                            01
                            Compliance 
Management 
System
                        
                        OLIVE YOUNG Code of Conduct
Olive Young has established a Code of Conduct to guide proper behavior and ethical decisions in its relationships with customers, shareholders, partners, and the global community, and to play a vital role in social and economic progress. We will actively carry out ethical management, based on the Code of Conduct which reflects CJ's management philosophy, to ensure sustainable growth in the global market and become a respected and trusted company.
- 
                                           Our promise to customers Our promise to customersWe are committed to delivering ethical and honest ONLYONE products and services to our customers and ensuring secure protection of their personal information. 
- 
                                           Our promise to shareholders and investors Our promise to shareholders and investorsWe adhere to disclosure principles, strictly manage insider information and comply with and protect policies regarding confidential business information. 
- 
                                           Our promise to CJ employees Our promise to CJ employeesWe seek to create a healthy and safe workplace, striving for a balance between respect for colleagues and protection of privacy. 
- 
                                           Our promise to partners Our promise to partnersWe compete fairly to reinforce trade order and deal with partners honestly for a mutually beneficial industrial ecosystem. 
- 
                                           Our promise to global community Our promise to global communityWe strive to realize social values through respecting human rights and protecting the environment, while respecting the international trade order and the relevant laws of each country. 
Compliance Management Committee
In July 2019, Olive Young enacted and enforced the Compliance Management Committee regulations, and in August 2019, the CEO publicly expressed the company's commitment to compliance through a declaration to reinforce compliance management. The Compliance Management Committee holds an annual meeting to review and approve major matters in regards to compliance management.
Defines the basic procedures and key matters for the composition of the Compliance Management Committee and the implementation of ethical management.
Compliance Management Committee Status| Category (date) | Details of Activity | 
|---|---|
| 1st meeting (July 2019) | Introduction of Compliance Program for Fair Trade, etc. | 
| 2nd meeting (September 2020) | CP performance report, Compliance WEEK, etc. | 
| 3rd meeting (November 2021) | Report on CP risk identification and inspection results, resumption of CP working group meetings, etc. | 
| 4th meeting (November 2022) | Details withheld for confidentiality reasons. | 
ISO 37301 (Compliance Management Systems)
Olive Young acquired the ISO 37301 certification to internalize a culture of compliance throughout the company and build a compliance management system adhering to global standards. We continue to monitor changes in domestic and international regulations and advance our compliance management system by appointing compliance coordinators in each organizational unit.
                            02
                            Compliance 
Program
                        
                        OLIVE YOUNG Compliance Program
To promote ethical management and prevent legal risks, Olive Young operates a Compliance Program (CP) — a system designed to voluntarily ensure adherence to fair trade and related laws.
8 Components of OLIVE YOUNG 
Compliance Program
                                    System for OLIVE YOUNG
- 
                                                01
                                                Establish and 
 implement CP
 standards and
 procedures
- 
                                                02
                                                CEO's 
 commitment
 to
 compliance
- 
                                                03
                                                Designate 
 and
 operate
 compliance
 managers
- 
                                                04
                                                Produce and 
 utilize
 compliance
 manual
- 
                                                05
                                                Conduct 
 compliance
 training
- 
                                                06
                                                Establish 
 internal
 monitoring
 system
- 
                                                07
                                                Penalize 
 employees
 who violate
 laws and
 regulations
- 
                                                08
                                                Evaluate CP 
 effectiveness
 and
 adopt
 measures for
 improvement
Manual and Training for Compliance
Olive Young has a compliance manual based on the applicable business laws, which is readily accessible to all employees at all times. Moreover, through the compliance training held periodically across the company within each department, we are striving to raise awareness of compliance and foster a right sense of compliance among employees.
Internal Monitoring System
The dedicated compliance team conducts continuous or periodic monitoring on departments and areas prone to ethical violations. In the event of an issue, the team responds promptly, analyzing the causes and results thoroughly and taking steps to prevent recurrence. The Compliance Management Committee reviews and approves disciplinary actions for violators, as identified by Internal Monitoring System, and also determines future plans and strategies of the compliance program.
                            01
                            Data Security 
System
                        
                        Data Security and Privacy Policy
CJ Olive Young complies with both domestic and international data privacy regulations and has established Data Security and Privacy Policy that aligns with its business practices and corporate culture. It contains data security rules and 13 specific guidelines for practical use and is reviewed and revised regularly, at least once a year. Furthermore, the company makes the privacy policy readily accessible on each service website, enabling customers to review it any time. CJ Olive Young protects customers' personal data with the highest priority in accordance with its privacy protection principles.
Link to privacy policyInformation Security Committee
Olive Young holds an Information Security Committee meeting once a year. Olive Young is enhancing its information security management system under the leadership of the Chief Information Security Officer (CISO) and the Chief Privacy Officer (CPO) within the Information Security Center.
- 
                                            Information 
 Security
 Committee- Presided by CISO
- Held periodically (once a year)
 
- 
                                            Information 
 Security Center Chief Information
 Security Officer
 (CISO) Chief Privacy
 Officer (CPO)- Overseeing Data Privacy and Information Security Issues and Collaborating on Data Security Policies
- Reporting Security Matters to CEO When Necessary
 
ISMS-P Certification
Olive Young has obtained ISMS-P (Information Security Management System & Personal Information Protection) certification, a national standard in South Korea for information and privacy protection. Through the operation of its online platforms — including Olive Young Online Mall, Global Mall, and D.PLOT — the company continues to elevate its security posture and strengthen personal data protection efforts.
 
                                    Scope Online shopping malls 
(Olive Young Online Mall, Global Mall)
Validity period Until December 5, 2026
                            02
                            Data Security 
Management
                        
                        Simulated Training for Data Leak Incidents
To reinforce its cybersecurity response capabilities across the company, we conduct simulated training based on various security threat scenarios, at least once a year. Simulations raise awareness of security incidents among all employees and help them experience how to respond promptly in real-life situations.
Regular Simulation-Based Training
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                                        Simulated leak incident  Various threat, scenarios are applied 
- 
                                        Response training  Relevant departments participate to experience the necessary response procedures 
- 
                                        Training result analysis  Areas for improvement are identified and integrated into future trainings 
Incident Response Manual
We take thorough preventive and corrective security measures, develop and distribute internal incident response manuals for various types of incidents, such as intrusions, data leaks, and ransomware infections. The Response Manual for Personal Data Leak provides detailed procedures based on laws, and also remediation procedures to minimize the impact of data breaches, helping employees respond promptly and effectively.
Personal Data Breach Response Procedures
- 
                                        Security incident identification  Identifying and reporting a security incident 
- 
                                        Security incident response  Reporting to regulatory bodies, analyzing the risks and taking corrective actions promptly 
- 
                                        Follow-up measures  Analyzing the cause and establishing measures to prevent recurrence 
Data Security Trainings for Employees
We require all employees, including executives, to sign an information security pledge and conduct information protection training at least once a year. Additionally, personal information handlers receive specialized training that covers legal updates and personal information protection measures.
                            03
                            Partner Data 
Security
                        
                        - Frequency
- At least once a year
- Target
- Employees of partners handling personal information
- Content
- Understanding personal data and protection principles at each stage, signing a security pledge
- Frequency
- At least once a year
- Target
- Registered partners, etc.
- Content
- Inspecting personal data management status through the Personal Information Protection Association (OPA), providing support to implement corrective measures to overcome deficiencies found
- Frequency
- As needed
- Target
- Registered partners, etc.
- Content
- Evaluating data security and privacy measures of partners during contract negotiations and helping implement corrective measures for any identified deficiencies
 
            