Risk Management

Hanmi Science strengthens its foundation for sustainable management by proactively identifying and systematically managing risks that may arise throughout its business activities. We manage tax risks based on the principle of transparent and fair taxation, and carefully responds to domestic and international tax issues and international tax risks through compliance with relevant laws and regulations, prior review, and consultation with external experts. Furthermore, to ensure stable fund operation, we have established a receivables management system and minimizes the possibility of risk occurrence by utilizing a dedicated system and external credit rating agencies.

Tax Risk Management

Hanmi Science diligently fulfills its tax reporting and payment obligations and complies with national laws and regulations for transparent and fair tax practices. Furthermore, we promptly and transparently provide data when tax authorities request investigations or information.

Tax Risk Management Activities

Hanmi Science conducts internal and external tax risk reviews in advance to prevent tax risks that may arise from business activities. we periodically receive reviews and consultations from external experts on significant tax issues that may occur during business activities. Particularly, for domestic transactions, we maintain fair transaction prices in dealings with third parties and related parties in accordance with relevant laws, and for global business transactions, we prevent international tax risks based on expert advice and the OECD Transfer Pricing Guidelines. Furthermore, internally, we employ tax personnel to proactively manage tax risks through review and analysis of revised tax laws that occur annually.

Tax Risk Assessment

Hanmi Science is making our utmost efforts to fulfill our social responsibilities based on transparent and legitimate tax practices and internal and external tax risk management through external experts and in-house tax personnel. For business-critical matters such as transactions of goods and services, acquisition of shares, international transactions, new business ventures, and changes in transaction structures, tax risks are reviewed in advance, and the results of these reviews are reflected in final decision-making.

Accounts Receivable Risk Management

Hanmi Science manages accounts receivable risk to ensure smooth fund operations through stable debt collection.

Receivables Risk Management Activities

Hanmi Science's accounts receivable management is carried out through business managers and the credit management department. Based on an 'accounts receivable management system' optimized for our business operations, daily sales, receipts, compliance with customer payment terms, customer collateral management, and accounts receivable status are regularly checked and managed. In cooperation with external credit rating agencies, we periodically assess the management and business activity status of our clients, and we are making every effort to proactively respond to the risk of bad debt.