BYUCKSAN Risk Management

We strive to become a trusted company

Byucksan Engineering establishes and operates a dedicated risk management organization

We established and have been operating a dedicated risk management organization in 2019 to promote integrated risk management at the corporate level. To effectively respond to possible risk situations, we establish and respond with proactive prevention activities and post-response processes for each risk type.

Risk Management Principles

Proactive risk management
based on management indicators

Continuous risk management
through ongoing monitoring and reporting

Autonomous risk management
through business process establishment and corporate-wide cultural spread

Risk Management Structure (3-Stage Control)

Periodic & Exception-based Control	Independent Control			Stage 3 Control	Internal Audit Risk management activities as a control mechanism performed when necessary for important matters
Systematic & Operational Control			Stage 2 Control			Risk Management Team Independent risk management activities separate from operational departments
		Stage 1 Control					All Collaborative Departments Routine risk management activities performed within each operational department

Independent Control : Control function performed independently from operational departments
Periodic & Exception-based Control : Control function for regular and exceptional matters
Systematic & Operational Control : Control function through system utilization and operation

Overseas Corporate (Branch) Operation/Management Status

1. Risk Identification	2. Risk Measurement and Monitoring	3. Risk Control	4. Risk Reporting
Identify and analyze major risks	Measure risk, utilize systems Continuous/periodic monitoring	Set risk limits and monitor	Report overall risk management importance and alternatives to management

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