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Introducing the Goyang International Expo Foundation .

The Goyang International Expo Foundation is making a fresh start through the cooperation of the floriculture and MICE industries, aiming for Goyang Special City to stand tall as a world-class city.

The International Horticulture Goyang Korea is the largest flower exhibition in Northeast Asia leading the flower trade, serving as a festive space for South Korean flower farmers, flower-loving citizens of Goyang, and visitors to the exhibition grounds.

The International Horticulture Goyang Korea, which began in 1997 as the country's first international flower exhibition, has established itself as a representative exhibition of South Korea by hosting 17 exhibitions by 2025 and attracting approximately 840 million domestic and international tourists.

The Goyang Convention Bureau supports the attraction and hosting of events for a sustainable MICE ecosystem and carries out various promotional marketing projects to help Goyang Special City become a global MICE city.

In 2017, the Goyang Convention Bureau became the first domestic Destination Marketing Organization (DMO) to join the Global Destination Sustainability Society (GDSM), and in 2018, it won the 'Best Sustainable Development City Award' among approximately 50 cities worldwide. In 2024, it achieved the remarkable feat of ranking 14th globally and 1st in the Asia-Pacific region in the Global Destination Sustainability Index (GDS-I), and was featured on BBC News as 'Goyang City, a city making the world a better place.'

The selection of Goyang Special City as one of the top 10 fastest-growing cities in the world can be said to be the result of globalization efforts through the Goyang International Expo Foundation.

The Goyang International Expo Foundation will strive to bring happiness to everyone who loves Goyang Special City and help Goyang Special City become an even more developed city.

Purpose of establishment

Flower Industry Revitalization Project
MICE Industry Revitalization Project
Organization and operation of the foundation, as well as fundraising and execution
Delegation, entrustment, and service projects by the central government, local governments, etc.
Other projects necessary to achieve the foundation's objectives

Features

Establishment and implementation of the comprehensive plan for the International Horticulture Goyang Korea
Promotion of flower distribution and exchange revitalization projects and flower culture and arts events
Establishment and implementation of a comprehensive plan to revitalize the MICE industry
Promotion of the MICE industry and support for attracting and hosting MICE events
Goyang City Urban Brand Marketing

Major Bussiness

International Horticulture Goyang Korea held
Goyang Autumn Flower Festival Held
Goyang Flower Exhibition Hall entrusted management (rental business)
Goyang Destination Week (GDW) Held
Operation of systems for attracting and supporting domestic and international MICE events
Goyang MICE Development Center Operation

Articles of Association of the Goyang International Expo Foundation

Articles of Incorporation of the Goyang International Expo Foundation

Enacted July 19, 1998
Revised Sep. 5, 1999
Revised Sep. 4, 1999
Revised Sep. 27, 2000
Revised Sep. 19, 2004
Revised Sep. 21, 2007
Revised Sep. 29, 2010
Revised Sep. 27, 2019
Whole revised Nov. 4, 2019
Revised Sep. 23, 2020
Revised Sep. 19, 2020
Revised Sep. 1, 2021
Revised Sep. 27, 2022
Revised Sep. 19, 2023.
Entirely revised July 7, 2025

Chapter 1: General Provisions

Article 1 [Purpose) The purpose of this Foundation is to develop Goyang City into an international city by promoting the floriculture and MICE industries and revitalizing the local economy, in accordance with relevant laws and regulations such as the Civil Act, the Act on the Operation of Institutions Funded or Contributed to by Local Governments, and the Act on the Promotion of the International Conference Industry (hereinafter referred to as the “Act”), as well as the Ordinance on the Establishment and Operation of the Goyang International Expo Foundation and the Goyang City Ordinance on the Promotion of the MICE Industry (hereinafter referred to as the “Ordinance”).
Article 2 (Name) This foundation is called the Goyang International Expo Foundation (hereinafter referred to as the “Foundation”). In English, it is written as Goyang International Expo Foundation (abbreviation GE).
Article 3 (Location of Office) The Foundation's main office is located at 595 Hosu-ro, Ilsandong-gu, Goyang-si (hereinafter referred to as the "City"), and branch offices or sub-offices may be established as needed with the approval of the Mayor of Goyang (hereinafter referred to as the "Mayor").
Article 4 (Scope of Business) The Foundation shall carry out the following projects to achieve the purpose of Article 1.
1. 1. Floriculture Industry Revitalization Project
  1. A. Establishment and Implementation of the Comprehensive Plan for the International Horticulture Goyang Korea
  2. B. Implementation of Ancillary Businesses for the International Horticulture Goyang Korea
  3. C. Holding flower-related exhibitions
  4. D. Project to Promote Flower Distribution and Exchange
  5. E. Promotion of floral culture and arts events
2. 2. MICE Industry Revitalization Project
  1. A. Promoting the Globalization of the International Horticulture Goyang Korea
  2. B. Establishment and Implementation of a Comprehensive Plan for the Revitalization of the MICE Industry
  3. C. Collection, distribution, and network management of domestic and international MICE information
  4. D. Promotion of the MICE industry and support for attracting and hosting MICE events
  5. E. Goyang City Urban Brand Marketing
3. 3. Organization and Operation of the Foundation, and Funding and Execution
4. 4. Delegation, entrustment, and service projects by the central government, local governments, etc.
5. 5. Other projects necessary to achieve the Foundation's objectives
Article 5 (Profit-making Business) The Foundation may conduct profit-making activities within the scope of business under Article 4 with the approval of the Mayor.
Article 6 (Agency Business) ① The Foundation may carry out projects on behalf of the State, local governments, or other entrustors.
② In carrying out the business under Paragraph 1, if it is particularly necessary, the Foundation may have a third party carry out a part of the business with the approval of the Mayor.
Article 7 (Method of Public Notice) Important matters, such as the establishment or dissolution of the Foundation, or applications for change, designation, or public notice, shall be governed by the provisions of necessary relevant laws and regulations and may be posted on the internet homepage of the City or the Foundation. However, public notices regarding minor matters may be posted at the main office.

Chapter 2 Executives and Employees

Article 8 (Types and Number of Officers) ① The Foundation shall have the following officers:
1. 1. One Chairperson
2. 2. One Representative Director
3. 3. No more than 15 directors (including the Chairperson and Representative Director)
4. 4. Two auditors
② Executives, excluding the representative director, shall be non-executive.
Article 9 (Chairperson) ① The Chairman of the Board shall be the Mayor of Goyang City.
② The Chairperson convenes the Board of Directors, presides over the meeting, and oversees the overall business of the Board.
③ In the event of a vacancy of the Chairman, the First Vice Mayor shall perform the duties.
Article 10 (Representative Director) ① The Representative Director assists the Chairperson, oversees the Foundation's operations, and directs and supervises the staff.
② In the event that the Representative Director is unable to perform their duties due to unavoidable circumstances, the duties shall be performed by a substitute in the order of the Foundation's organizational hierarchy.
Article 11 (Appointment and Dismissal of Officers) ① Directors are classified into ex officio and appointed positions.
② Ex officio directors shall be the Chairperson and persons falling under each of the following subparagraphs.
1. 1. Representative Director
2. 2. Heads of the relevant departments, bureaus, and offices of Goyang City
3. 3. Heads of departments, bureaus, and offices responsible for the MICE industry in Goyang City <Newly established>
③ Of the two auditors, one shall be the head of the relevant department of the city as an ex officio member, and the other appointed auditor shall be a person with qualifications (certified public accountant, judicial scrivener, etc.).
④ Appointed executives shall be appointed by the Mayor through a resolution of the Board of Directors from among those recommended by the Executive Recommendation Committee following open recruitment.
⑤ An officer may be dismissed by a resolution of the General Meeting if he/she commits any of the acts falling under the following subparagraphs. <Newly Added>
1. 1. Acts contrary to the purpose of the foundation
2. 2. Disputes among executives, accounting fraud, or significant misconduct
3. 3. Acts that interfere with the Foundation's operations
Article 12 (Term of Office of Officers) ① The term of office for the Representative Director and appointed executives shall be two years, and they may serve consecutive terms within the two-year period. The Mayor shall determine whether to reappoint and the duration of the term by considering the evaluation results of the Representative Director’s performance in fulfilling performance contracts or duties, and the evaluation results of the institution’s management performance. However, if it is deemed difficult to evaluate the Representative Director’s performance in fulfilling performance contracts or duties, the Board of Directors may decide whether to reappoint and the duration of the term.
② When reappointing an executive in accordance with Paragraph 1, deliberation by the Executive Nomination Committee is required. However, in the case of reappointing a non-executive executive, deliberation by the Executive Nomination Committee may be omitted.
③ If the composition of the Board of Directors is not satisfied due to the resignation of an appointed officer, a successor must be appointed within three months, and the term of office of the successor shall be the remaining term of the predecessor. However, if the remaining term of office of an officer is less than six months, a by-election may not be held.
④ The term of office of an ex officio officer expires when they lose their position, and their successor succeeds them.
Article 13 (Acting Director upon Expiration of Term) The Mayor may allow a representative director whose term has expired to continue performing their duties until a successor is appointed, and such cases shall be as follows:
1. 1. Cases where procedures for reappointment are in progress for consecutive terms
2. 2. Cases where the Mayor deems it absolutely necessary for an acting official to perform duties until a successor is appointed
Article 14 (Composition and Operation of the Executive Nomination Committee) ① An Executive Recommendation Committee (hereinafter referred to as the “Recommendation Committee”) shall be established within the Foundation to recommend candidates for executive positions, and shall be composed of the persons specified in each of the following subparagraphs.
1. 1. Two people recommended by the Mayor of Goyang City
2. 2. Three people recommended by the Goyang City Council
3. 3. Two people recommended by the Foundation's Board of Directors
② Ex officio directors who are city officials may not participate in the resolutions of the board of directors stipulated in Article 1, Paragraph 3.
③ Other detailed matters necessary for the composition and operation of the Recommendation Committee may be determined by the Foundation's regulations within the scope of personnel management standards, such as the personnel and organizational guidelines for local government-funded and government-funded institutions.
Article 15 (Duties of Officers) ① Directors deliberate on agenda items submitted to the board of directors and participate in voting.
② The auditor shall perform the duties of each of the following subparagraphs.
1. 1. Audit of the Foundation's Asset Status and Financial Statements
2. 2. Audit of matters concerning the Foundation's business and the operation of the Board of Directors
3. 3. If illegal or improper matters are discovered as a result of the audit under Items 1 and 2, request correction from the Board of Directors or report to the competent department and the department responsible for the MICE industry.
4. 4. Request to convene a meeting of the Board of Directors if necessary for the request for correction or report under Subparagraph 3
5. 5. Attend meetings of the Board of Directors to express opinions regarding the Foundation's operations, financial status, and settlement of accounts, or report to the Chairperson and Representative Director.
Article 16 (Appointment and dismissal of employees) ① The Foundation's employees are appointed and dismissed by the Representative Director.
② In principle, the appointment of employees shall be made through open competitive examinations; however, for positions and job fields where it is difficult to fill vacancies through open competitive examinations, excellent professional personnel and experienced individuals may be hired through career competitive examinations.
③ Necessary matters regarding the appointment, dismissal, promotion, etc. of employees shall be determined by the Foundation's regulations.
Article 17 (Service of Officers and Employees) Matters necessary for the service of officers and employees shall be determined by the Foundation's regulations following a resolution by the Board of Directors.
Article 18 (Restrictions on Concurrent Employment of Officers and Employees) Executive officers and employees of the Foundation shall not engage in any business for profit other than their official duties, and executive officers and employees shall not hold other positions without the permission of the Mayor and the Representative Director, respectively.
Article 19 (Remuneration of Officers and Employees) ① The remuneration of the Foundation's executive officers and staff shall be in accordance with the remuneration regulations.
② Non-executive directors shall not be paid remuneration. However, allowances and travel expenses necessary for the performance of duties may be paid within the limits of the budget. In this case, such payments shall not be made to ex officio directors who are public officials.
Article 20 (Prohibition of Disclosure of Secrets, etc.) Officers and employees of the Foundation shall not disclose or misappropriate secrets learned in the course of their duties, both during their tenure and after retirement.
Article 21 (Restrictions on the Representative Authority of Officers) With respect to matters where the interests of the Foundation conflict with those of the Representative Director or the Director acting on behalf of the Representative Director, the Representative Director or the Director acting on behalf of the Representative Director shall not represent the Foundation.
Article 22 (Appointment of Agent) If necessary for the performance of duties, the Representative Director may appoint an agent from among the executives or employees who has the authority to perform judicial or extrajudicial acts with respect to all or part of the Foundation's business, subject to the resolution of the Board of Directors.

Chapter 3 Organization and Staffing

Article 23 (Organization and Staffing) ① The foundation organization shall be operated with 6 teams or fewer, and the staffing level shall be 29, including the representative director; other detailed matters shall be determined by separate regulations.
② When intending to enact, amend, or repeal organizational regulations, approval from the Mayor must be obtained after completing the resolution of the Board of Directors following consultation with the competent department and the department in charge of the MICE industry.
Article 24 (Request for Dispatch of Public Officials, etc.) The Representative Director may request the Mayor to dispatch or have public officials belonging to Goyang City assume concurrent duties in order to achieve the purpose of the Foundation's establishment, and in such case, allowances and travel expenses equivalent to the relevant position within the Foundation may be paid.

Chapter 4 Board of Directors

Article 25 (Installation and Composition) ① A board of directors shall be established within the foundation to deliberate on important matters concerning the foundation's business.
② The Board of Directors shall consist of all directors, including the Chairperson and the Representative Director.
③ In the event that the Chairperson is unable to conduct meetings or perform duties due to unavoidable circumstances, the Representative Director shall act on their behalf. <Newly Added>
④ The auditor may attend the board meeting and state their opinion.
Article 26 (Matters for Resolution) The following matters must be approved by a resolution of the Board of Directors.
1. 1. Matters concerning the Foundation's basic operational policies
2. 2. Matters concerning business plan and budget
3. 3. Matters concerning business performance and settlement of accounts
4. 4. Matters concerning the amendment of the Articles of Incorporation
5. 5. Matters concerning organization, structure, and staffing
6. 6. Matters concerning the election and dismissal of officers
7. 7. Matters concerning the dissolution of the Foundation
8. 8. Matters concerning the enactment or amendment/repeal of important regulations
9. 9. Matters concerning the acquisition and disposal of basic assets
10. 10. Matters falling within its authority pursuant to the provisions of laws, ordinances, and articles of incorporation
11. 11. Other matters submitted by the Chairperson to the Board of Directors
Article 27 (Convocation of the Board of Directors) ① The Board of Directors is divided into regular board meetings and extraordinary board meetings, and is convened by the Chairperson.
② Regular board meetings shall be convened at least twice a year.
③ An extraordinary board meeting shall be convened by the Chairman when he/she deems it necessary, when a majority of the directors in office request it, or when there is a request from the auditor pursuant to the provisions of Article 15, Paragraph 2, Subparagraph 4.
④ The Chairperson shall notify the directors and auditors of a meeting of the Board of Directors at least 7 days prior to the meeting, specifying the agenda, date, time, and location. However, if the Chairperson deems it urgent, notice may be given up to the day before the meeting.
Article 28 (Method of Resolution) ① The Board of Directors shall convene with the attendance of a majority of the directors in office and make decisions with the approval of a majority of the directors present.
② The Chairperson has the right to vote, and in the event of a tie, it shall be deemed rejected.
③ The Chairperson may resolve matters to be submitted to the Board of Directors in writing if such matters are minor or require urgency. Provided, however, that matters resolved in writing shall be reported to the next meeting of the Board of Directors convened in accordance with the summoning procedures. <Amended Dec. 27, 2022>
④ If a majority of the directors in office request that the matters subject to written resolution under Paragraph 3 be submitted to the Board of Directors, the Chairperson shall comply.
Article 29 (Restrictions on Participation in Board of Directors) Directors may not exercise voting rights with respect to matters falling under any of the following subparagraphs. In this case, directors who are unable to participate in the resolution shall not be included in the number of directors in attendance under Article 28, Paragraph 1.
1. 1. Matters concerning oneself regarding the appointment and dismissal of a director
2. 2. Matters involving the receipt or transfer of money and property or litigation where the interests of the individual and the Foundation conflict.
Article 30 (Minutes) The Chairman shall prepare minutes regarding the proceedings and resolutions of the Board of Directors, obtain the signatures and seals of the Chairman, the Representative Director, and one auditor, and preserve them at the Foundation.
Article 31 (Board of Directors Operation Regulations) Details necessary for the operation of the Board of Directors may be determined by separate regulations.

Chapter 5 The Committee

Article 32 (Installation) To achieve the purpose of Article 1, the Foundation may establish committees or organizations as advisory bodies for international cooperation, event management, exhibitions, and other matters of gathering opinions.
Article 33 (Operation) Matters concerning the composition and operation of the committee or organization may be determined by separate regulations.

Chapter 6 Property and Accounting

Article 34 (Property) ① The foundation's assets are classified into basic assets and ordinary assets.
② The basic assets of the Foundation are as follows:
1. 1. Assets contributed as basic assets at the time of establishment
2. 2. Contributions from the government, local governments, other corporations, and individuals, or real estate such as land and buildings after establishment
3. 3. Subsidies from the government and local governments, and assets from the settlement of accounts that the Board of Directors has resolved to incorporate into basic assets.
③ The basic assets at the time of the foundation's establishment are as shown in Appendix 1.
④ The foundation’s ordinary assets consist of contributions from the city other than basic assets, interest income related to fund management, income from entrusted projects, income from corporate projects, and other income, and expenses necessary for the maintenance and operation of the foundation are covered by ordinary assets.
Article 35 (Management of Property) ① The Representative Director of the Foundation shall manage the Foundation's assets by fulfilling the duties of a prudent manager.
② If the Foundation intends to sell, donate, exchange, lend, or provide basic assets as collateral, or to assume obligations or waive rights, it must obtain approval from the Governor of Gyeonggi Province following a resolution by the Board of Directors.
Article 36 (Fund) ① A fund may be established within the foundation to cover the costs required for the foundation's operation and projects.
② The fund referred to in Paragraph 1 shall be established from the resources of each of the following subparagraphs.
1. 1. City contribution
2. 2. Central government subsidies
3. 3. Private donations, such as those from financial institutions and corporations, that do not violate Article 5 of the Act on the Collection and Use of Donations and Charitable Funds
4. 4. Other basic assets and proceeds generated from the operation of foundation business
③ If the Foundation intends to reduce the principal of the fund, it must obtain approval from the Mayor following a resolution by the Board of Directors.
④ The Foundation may determine matters necessary for the operation, management, and use of the Fund through separate regulations, subject to the approval of the Mayor following a resolution by the Board of Directors.
⑤ The fund is divided into an accumulation account and an operation account, and separate accounts are established for each to operate.
⑥ The annual amount of donations raised and their utilization results are disclosed on the foundation's website.
Article 37 (Business Year) The foundation's fiscal year follows the fiscal year of the city's general account.
Article 38 (Business Plan and Budget) ① The Foundation shall submit the business plan and budget proposal for each fiscal year to the Mayor three months prior to the start of the fiscal year, and subsequently formulate the finalized budget before the start of the fiscal year and report it to the Mayor and the Governor of Gyeonggi Province.
② The Foundation shall report to the Mayor and the Governor of Gyeonggi Province without delay when the budget is established or changed.
③ If the Mayor deems it necessary to correct the budget reported pursuant to Paragraph 2 because it violates laws or regulations or in consideration of relevant provisions, the Mayor may request such correction, and the Foundation shall comply unless there are special circumstances.
Article 39 (Execution of Budget in Case of Failure to Establish Budget) ① If the budget is not finalized before the start of the fiscal year due to unavoidable circumstances, the Foundation may execute the budget based on the previous year's budget.
② A budget executed pursuant to Paragraph 1 shall be deemed to have been executed in accordance with the established budget once the budget for the relevant year is established.
Article 40 (Settlement of Accounts) ① The Foundation shall complete the settlement of accounts within two months after the end of the relevant fiscal year and submit the settlement of accounts, which have undergone an audit by a certified public accountant designated by the Mayor and a resolution by the Board of Directors, to the Mayor and the Governor of Gyeonggi Province.
② The settlement of accounts shall be prepared by distinguishing between the settlement of revenue and expenditure and the settlement of financial accounting, and shall include the status of operations, inventory of assets, audit results report, and surplus disposal plan.
Article 41 (Treatment of Profits and Losses) ① Any surplus resulting from the settlement of revenue and expenditure of the foundation shall be incorporated into basic assets, carried over, or retained after approval by the Board of Directors.
② When a profit is generated as a result of the settlement of financial accounting based on the accrual double-entry method of the Foundation, the accumulated deficit shall be offset after obtaining approval from the Board of Directors, and the profit shall be incorporated into basic assets or accumulated as a reserve, etc.
③ In the event that a loss occurs as a result of the settlement of financial accounts based on the accrual double-entry method of the Foundation, it shall be covered by the reserve fund subject to the approval of the Board of Directors, and if there is a shortfall, it shall be carried forward.

Chapter 7 Supplementary Provisions

Article 42 (Amendment of Articles of Incorporation) When intending to amend the articles of incorporation of the foundation, the board of directors must pass a resolution with the approval of at least two-thirds of the directors present, obtain approval from the mayor, and obtain permission from the Governor of Gyeonggi Province.
Article 43 (Dissolution) When intending to dissolve the foundation, the board of directors must pass a resolution with the approval of at least two-thirds of the directors in office, obtain the approval of the mayor, and report it to the Governor of Gyeonggi Province.
Article 44 (Attribution of Remaining Property) Upon dissolution of the foundation, the remaining assets shall revert to Goyang City.
Article 45 (Enforcement Regulations) Matters necessary for the implementation of these Articles of Incorporation may be determined by the Chairman of the Board of Directors through separate regulations following a resolution by the Board of Directors.

(Appendix)

Article 1 (Enforcement Date) This Articles of Incorporation shall take effect from the date of approval by the Governor of Gyeonggi Province following a resolution by the Board of Directors.
Article 2 (Transitional Measures) ① The term of office and remuneration of appointed employees hired prior to the enforcement of these Articles of Incorporation shall be deemed valid until the expiration of the contract period.
② The terms of office of commissioned directors and auditors appointed prior to the enforcement of these Articles of Incorporation shall be deemed valid until the expiration of their existing terms.

# Asterisk 1

Basic assets

Cash: 100,000,000 won

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Goyang International Expo Foundation Employee Code of Conduct

Employee Code of Conduct

Enacted July 14, 2006
Revised Sep. 23, 2009
Revised Sep. 28, 2014
Revised Sep. 8, 2018
Revised Sep. 8, 2023
Revised Sep. 15, 2025.

Chapter 1: General Provisions

Article 1 [Purpose) The purpose of this Regulation is to establish standards of conduct to be observed by officers and employees of the Goyang International Expo Foundation (hereinafter referred to as the “Foundation”) in accordance with the Act on the Prevention of Corruption and the Establishment and Operation of the Anti-Corruption and Civil Rights Commission. <Amended Sep. 15, 2025>
Article 2 (Definition) The definitions of terms used in this Regulation are as follows. <Amended Sep. 15, 2025>
1. 1. “Persons related to official duties” refers to any individual or organization falling under any of the following subparagraphs related to the Foundation’s affairs. <Amended Sep. 15, 2025>
  - a. Individuals or organizations that are currently applying for or have applied for a civil complaint <Amended Sep. 15, 2025>
  - B. Individuals or organizations subject to licensing, inspection, audit, enforcement, guidance, etc.
  - c. Individuals or organizations that directly receive benefits or disadvantages through decisions, appraisals, examinations, assessments, mediations, etc.
  - D. Individuals or entities that have completed or intend to enter into a contract <Amended Sep. 15, 2025>
  - E. Any other individual or group that demands specific actions or has a financial interest <Amended Sep. 15, 2025>
  - f. Individuals or organizations that directly benefit or suffer disadvantages from the decision or execution of policies, projects, etc.
  - (g) Other individuals or organizations related to business designated by the Foundation for the prevention of corruption <Amended Sep. 15, 2025>
2. 2. “Employee with a duty-related relationship” refers to an employee who falls under any of the following subparagraphs and directly receives benefits or disadvantages in relation to the duties of an employee. <Amended Sep. 15, 2025>
  - a. Subordinates receiving official orders in relation to the duties of employees
  - B. Employees of the affiliated institution of employees performing duties related to personnel, budget, auditing, awards, or evaluation
  - C. In cases where duties are delegated or entrusted, the officers and employees receiving such delegation or entrustment.
  - D. Other officers and employees designated by the Chairperson of the Foundation
3. 3. The term “money, valuables, etc.” means any of the following: <Amended Sep. 15, 2025>
  - a. All pecuniary benefits, such as money, securities, real estate, goods, accommodation vouchers, membership rights, admission tickets, discount vouchers, invitation tickets, viewing tickets, usage rights for real estate, etc.
  - B. Provision of hospitality or entertainment such as food, alcoholic beverages, and golf, or provision of conveniences such as transportation and accommodation
  - c. Other tangible or intangible economic benefits, such as debt forgiveness, job offers, and the granting of rights.
4. 4. <Deleted Sep. 15, 2025>
Article 3 (Scope of Application) This regulation applies to all officers and employees of the Foundation. <Amended Sep. 15, 2025>

Chapter 2 Fair Performance of Duties

Article 4 (Handling of Instructions, etc. Impairing Fair Performance of Duties) ① An employee shall not give instructions to a subordinate in violation of laws or regulations for the benefit of themselves or others. <Amended Sep. 15, 2025>
② An employee or officer who receives an instruction from a superior in violation of Paragraph 1 may explain the reasons for not complying with the instruction to said superior, or consult with the Code of Conduct officer designated pursuant to Article 27 (Head of Operations Division or Director of External Relations) (hereinafter referred to as the “Code of Conduct Officer”). <Amended Sep. 15, 2025>
③ If the same instruction is repeated despite the failure to comply with the instruction pursuant to Paragraph 2, you must immediately consult with the Code of Conduct Officer.
④ The Code of Conduct Officer who receives a request for consultation pursuant to Paragraph 2 or 3 shall verify the contents of the instruction and, if it is deemed necessary to cancel or modify the instruction, report to the Representative Director of the Foundation. However, if, during the process of verifying the contents of the instruction, the superior who issued the improper instruction cancels or modifies the instruction on their own initiative, such report to the Representative Director of the Foundation may be omitted. <Amended Nov. 16, 2018>
⑤ The Representative Director of the Foundation who receives a report pursuant to Paragraph 4 shall take appropriate measures, such as canceling or modifying the instruction, if deemed necessary. In this case, necessary measures, such as disciplinary action, may be taken against a superior who repeats the same instruction despite the refusal to comply with an instruction that impairs the fair performance of duties pursuant to Paragraph 2. <Amended Nov. 16, 2018>
Article 5 (Avoidance of Duties with Conflicts of Interest) <Deleted Sep 8, 2023>
Article 6 (Exclusion of Preferential Treatment) Officers and employees shall not grant preferential treatment to or discriminate against any specific person on the grounds of regional ties, blood relations, school ties, religion, etc., in the performance of their duties. <Amended Sep. 15, 2025>
Article 7 (Prohibition on Use of Budget for Unintended Purposes) Employees and officers shall not use budgets allocated for the performance of duties, such as travel expenses and business promotion expenses, for purposes other than those intended. <Amended Sep. 15, 2025>
Article 8 (Handling of Unjust Demands by Politicians, etc.) ① Officers and employees shall handle any situation in which they are coerced into performing improper duties or receive improper solicitations from public officials, politicians, or political parties, etc., after reporting to the Representative Director of the Foundation or consulting with the Code of Conduct Officer. <Amended Nov. 16, 2018>
② The Representative Director of the Foundation who has received a report pursuant to Paragraph 1, or the Code of Conduct Officer who has provided counseling, shall take appropriate measures to ensure that the officer or employee can perform their duties impartially. <Amended Nov. 16, 2018>
Article 9 (Prohibition of Personnel Solicitation, etc.) ① Officers and employees shall not solicit personnel officers through a third party to influence their own personnel matters, such as appointment or promotion. <Amended Sep. 15, 2025> ② Officers and employees shall not use their official positions to unduly intervene in the personnel matters of other officers and employees. <Amended Sep. 15, 2025>
Article 10 (Transparent Accounting Management) Officers and employees must manage accounting accurately and transparently based on facts in accordance with relevant laws and regulations and generally accepted accounting principles.

Chapter 3 Prohibition on the Giving and Receiving of Unjust Enrichment, etc.

Article 11 (Prohibition of Interference with Interests, etc.) Officers and employees shall not use their positions to obtain undue benefits for themselves or to cause others to obtain undue benefits. <Amended Sep. 15, 2025>
Article 11-2 (Prohibition of Private Use of Position) Officers and employees shall not publish, post, or use the name or position of their affiliated organization for private gain. <Amended Sep. 15, 2025>
Article 12 (Prohibition of Mediation, Solicitation, etc.) ① Employees shall not engage in mediation, solicitation, etc. that impairs the fair performance of duties by other officers and employees for the undue benefit of themselves or others. <Amended Sep. 15, 2025>
② Officers and employees shall not introduce a person related to their duties to another person related to their duties or to a public official pursuant to Article 2, Subparagraph 3 of the Act on the Prevention of Corruption and the Establishment and Operation of the Anti-Corruption and Civil Rights Commission for the purpose of obtaining undue benefit for themselves or others. <Amended Sep. 15, 2025>
Article 13 (Restrictions on Transactions, etc. Using Job-Related Information) ① Officers and employees shall not engage in property transactions or investments related to stocks, securities, real estate, etc., using non-public information obtained during the performance of their duties, or provide such information to others to assist in such transactions or investments. <Amended Sep. 15, 2025>
② The non-disclosable information pursuant to Paragraph 1 is as follows. <Newly added Sep. 15, 2025>
1. 1. Information on budget, finance, contracts, accounting, tax administration, awards and honors, personnel, organization, informatization, etc.
2. 2. Other job-related information
Article 14 (Prohibition of Unjust Acts in the Exercise of Official Authority, etc.) Officers and employees shall not use their official authority to engage in any of the following improper acts. <Amended Sep. 15, 2025>
1. 1. An act by an employee or officer in charge of authorizations, permits, etc., to unfairly delay or refuse acceptance in order to cause disadvantage to the applicant or to provide advantage or disadvantage to a third party.
2. 2. The act of giving improper instructions or making demands to employees related to their duties that are unrelated to or outside the scope of their duties <Amended Sep. 15, 2025>
3. 3. An act of unfairly shifting the performance of obligations or burdens of one's affiliated institution to a person related to one's duties, or unfairly delaying the processing of work, in relation to contracts for goods, services, construction, etc., concluded by the institution to which one belongs.
4. 4. The act of unfairly transferring the duties of one's own institution to an affiliated institution, or unfairly shifting the burden of costs or personnel related to such duties.
5. 5. Any other act of unduly restricting the rights or authority of persons related to official duties, employees related to official duties, or the institution to which one belongs, or unduly demanding work for which there is no obligation. <Amended Sep. 8, 2023>
Article 15 (Restrictions on the Act of Receiving Money, Goods, etc.) ① Officers and employees shall not receive, demand, or promise to receive money, valuables, etc. exceeding 1 million won from the same person in a single instance or 3 million won during the same fiscal year, regardless of whether it is a donation, sponsorship, gift, etc. However, this shall not apply to honorariums for external lectures, etc. under Article 18-2 or cases falling under any of the following subparagraphs, except for officers and employees related to business. <Amended Nov. 16, 2018; Sep. 15, 2025>
1. 1. Money, valuables, etc. provided pursuant to a legitimate legal cause, such as the performance of an obligation <Amended Sep. 15, 2025>
2. 2. Food, congratulatory and condolence money, and gifts provided for the purpose of the smooth performance of duties, ceremonies, or assistance are permitted, provided that they do not exceed the permissible amounts specified in “Attached Table 2.” <Amended Nov. 16, 2018; Sep. 15, 2025>
3. 3. Transportation, accommodation, or food uniformly provided by the organizer to attendees at official events related to official duties
4. 4. Souvenirs or promotional items intended for distribution to an unspecified number of people
5. 5. Money, valuables, etc. publicly provided to assist employees in difficult circumstances due to illness, disaster, etc.
6. 6. Other money, valuables, etc. provided to the extent permitted by the Representative Director of the Foundation for the smooth performance of duties, etc. <Amended Nov. 16, 2018>
② Officers and employees shall not receive money, valuables, etc. from officers and employees in relation to their duties. However, cases falling under any of the following subparagraphs shall be excluded. <Amended Sep. 15, 2025>
1. 1. Cases falling under any of the subparagraphs of Paragraph 1
2. 2. Small gifts (up to 50,000 won) provided within the scope of customary practice <Amended Sep. 15, 2025>
3. 3. Money, valuables, etc. publicly provided by employee mutual aid associations, etc.
4. 4. Money, valuables, etc. provided by a superior to a subordinate for the purpose of boosting morale, such as consolation, encouragement, or reward.
③ Officers and employees shall not receive money, valuables, or similar items in connection with their current duties from persons who were previously related to their duties or from officers and employees related to their duties. However, this shall not apply to cases falling under any of the subparagraphs of Paragraph 1 and Paragraph 2. <Amended Sep. 15, 2025>
Article 16 (Restrictions on the Acceptance of Money, Gifts, etc. by Spouses, etc.) Employees and officers must ensure that their spouses or lineal ascendants and descendants do not receive money or valuables that are prohibited from being received pursuant to Article 15.
Article 17 (Restrictions on the Act of Giving Money, etc.) ① Officers and employees shall not provide money or valuables to officers and employees who are prohibited from receiving such money or valuables from them pursuant to Article 15, Paragraph 2. However, cases specified in each subparagraph of Article 15, Paragraph 2 shall be excluded.
② Officers and employees shall not provide money, valuables, etc. to public officials or politicians, etc., who are related to their duties for the purpose of benefiting the Foundation. However, cases specified in each subparagraph of Article 15, Paragraph 1 shall be excluded.
Article 18 (Conclusion and Performance of Integrity Contracts) ① Officers and employees shall perform bidding, contracting, and contract execution duties conducted by the Foundation in a fair and transparent manner in accordance with the procedures prescribed by law. <Amended Sep. 15, 2025>
② Officers and employees shall not, in the course of performing the duties under Paragraph 1, abuse their superior position in transactions to demand prohibited money or valuables, or to make unjust demands such as imposing unfair transaction conditions or interfering with management. <Amended Sep. 15, 2025>

Chapter 4: Creation of a Sound Public Service Climate

Article 18-2 (Reporting of External Lectures, Meetings, etc.) ① When officers and employees receive remuneration for giving lectures, engaging in discussions, reviewing, making decisions, etc. (hereinafter referred to as “external lectures, etc.”) at seminars, public hearings, meetings, etc. held externally, they shall report to the Foundation in advance the requester, the reason for the request, the location, the date and time, and the remuneration. However, this provision shall not apply if the requester is the State or a local government (including its affiliated agencies). <Amended Nov. 16, 2018; Sep. 15, 2025>
② The remuneration that an employee may receive when performing external lectures, etc. pursuant to Paragraph 1 shall not exceed the standards ordinarily applied by the requester of such external lectures, etc. <Amended Sep. 15, 2025>
③ If an officer or employee receives consideration exceeding the amount under Paragraph 2, they shall report it to the Foundation, and the reporter shall return the excess amount without delay. <Amended Nov. 16, 2018; Sep. 15, 2025>
Article 19 (Prohibition on Borrowing Money, etc.) ① Officers and employees shall not borrow or lend money to persons related to their duties (excluding relatives within the fourth degree of kinship; hereinafter the same applies in this Article) or to officers and employees related to their duties, nor shall they receive real estate on loan free of charge (including cases where the consideration for the loan is significantly lower than the market price or trade practice; hereinafter the same applies in this Article). However, this shall not apply to cases where money is borrowed under ordinary conditions from a financial institution pursuant to Article 2 of the Act on Real Name Financial Transactions and Confidentiality Protection.
② Notwithstanding the main text of Paragraph 1, any employee who intends to borrow or lend money to a person or employee related to their duties, or to receive real estate free of charge, due to unavoidable circumstances, must report to the head of the affiliated institution.
Article 20 (Establishment of a Sound Culture of Ceremonial and Condolence Events) ① Employees and officers must take the lead in establishing a sound culture regarding congratulatory and condolence events.
② Officers and employees shall not notify persons related to their duties of family events such as weddings or funerals. However, they may notify in any of the following cases:
1. 1. Notice to relatives
2. 2. Notification to employees of organizations currently or previously employed
3. 3. Notification via newspapers, broadcasts, or internal communication networks, etc., accessible only to employees pursuant to Subparagraph 2
4. 4. Notification to members of religious organizations, social clubs, etc. to which the employee or officer belongs
③ Employees and officers shall not give or receive money, valuables, etc., in connection with congratulatory or condolence events in excess of the standards set by the Chairperson of the Foundation within the scope of customary practice after gathering the opinions of the employees and officers. However, cases falling under any of the following subparagraphs shall be excluded.
1. 1. Money, gifts, etc. related to congratulatory or condolence events exchanged between employees and their relatives
2. 2. Gifts, money, etc. related to congratulatory or condolence events provided by religious organizations, social clubs, etc. to which the employee belongs, in accordance with the articles of association, bylaws, etc. of such organizations.
3. 3. Other gifts, money, etc. related to congratulatory or condolence events as determined by the Chairperson of the Foundation.
Article 20-2 (Prohibition of Unjust Demands by Supervisory Authority) ① Officers and employees of an institution conducting supervision, auditing, investigation, evaluation, etc. (hereinafter referred to as the “supervisory institution”) shall not make any of the following unreasonable demands to an institution subject to supervision, auditing, investigation, evaluation, etc. (hereinafter referred to as the “supervised institution”) in connection with business trips, events, training, etc. of their affiliated institution.
1. 1. Demand for the provision of money, valuables, etc. that lacks a legal basis or does not conform to the purpose or use of the budget
2. 2. Demand for courtesies and protocol for executives and employees of supervisory agencies that deviate from normal practices
② Any employee or officer of an audited organization who receives an unreasonable demand pursuant to Paragraph 1 from an employee or officer of a supervisory authority shall refuse to comply with such demand. If the same demand is received again despite the refusal, the employee or officer shall notify the Code of Conduct Officer of the audited organization of this fact in writing. In this case, if the demand falls under any of the subparagraphs of the same paragraph, the Code of Conduct Officer shall promptly report it to the Representative Director.
③ The head of the audited institution who has received a report pursuant to Paragraph 2 shall notify the head of the relevant supervisory agency of the fact if it falls under any of the subparagraphs of Paragraph 1, and the head of the supervisory agency who has been notified of such fact shall take necessary measures, such as disciplinary action, against the employee who made the request. <Newly added Sep. 8, 2023>

Chapter 5 Handling of Violations, etc.

Article 21 (Consultation on whether there is a violation) ① If it is unclear whether an officer or employee is violating these Regulations while performing their duties, they shall proceed after consulting with the Code of Conduct Officer. <Amended Sep. 15, 2025>
② The Foundation shall take necessary measures, such as installing a dedicated telephone and a counseling room, to ensure that counseling pursuant to Paragraph 1 is carried out smoothly. <Amended Nov. 16, 2018> <Amended Sep. 15, 2025>
Article 22 (Reporting and Verification of Violations) ① Anyone who becomes aware that an officer or employee has violated these Regulations may report the matter to the Foundation or the Anti-Corruption and Civil Rights Commission. <Amended Nov. 16, 2018; Sep. 15, 2025>
② A person reporting pursuant to Paragraph 1 must specifically present the personal details of themselves and the violator, as well as the details of the violation.
③ The Code of Conduct Officer shall, after verifying a violation reported pursuant to Paragraph 1, report to the Representative Director of the Foundation, attaching explanatory materials received from the relevant employee. <Amended Nov. 16, 2018; Sep. 15, 2025>
Article 23 (Guarantee of Identity of Reporter) ① The Foundation and the Code of Conduct Officer shall guarantee confidentiality regarding the reporter and the contents of the report pursuant to Article 22, and shall ensure that the reporter does not suffer any disadvantages as a result of the report. <Amended Nov. 16, 2018; Sep. 15, 2025>
② Notwithstanding Paragraph 1, a whistleblower who has suffered disadvantage may request protective measures and relief for the disadvantage, etc., from the Code of Conduct Officer, the Foundation, or the Anti-Corruption and Civil Rights Commission; in such case, the Foundation shall take the necessary measures. <Amended Nov. 16, 2018; Sep. 15, 2025>
③ If a violation by a reporter pursuant to Article 22 is confirmed, disciplinary action against said reporter may be mitigated or waived. <Amended Sep. 15, 2025>
④ All consultations and reports pursuant to these Regulations shall follow the provisions of this Article. <Amended Sep. 15, 2025>
Article 24 (Disciplinary action) ① The Foundation shall take measures against officers and employees who violate these Regulations in accordance with the standards set forth in “Attachment 1.” <Amended Nov. 16, 2018; Sep. 15, 2025>
② The types, procedures, effects, etc., of disciplinary actions under Paragraph 1 shall follow the Foundation’s “Personnel Regulations” and “Regulations on the Service, etc. of Executives.” However, if disadvantages are inflicted upon a whistleblower in violation of Article 23, disciplinary action may be increased. <Amended Sep. 15, 2025>
Article 25 (Handling of Prohibited Money and Goods) ① Any officer or employee who receives money, valuables, etc. in violation of these Regulations shall immediately return them to the provider. In this case, such officer or employee may claim the return expenses from the Representative Director of the Foundation by attaching supporting documents. <Amended Nov. 16, 2018; Sep. 15, 2025>
② If there is a risk of loss, spoilage, or deterioration of money, valuables, etc. required to be returned pursuant to Paragraph 1, or if it is difficult to return them because the provider or the provider's address is unknown, a report must be made immediately to the Representative Director or the Code of Conduct Officer. <Amended Nov. 16, 2018; Sep. 15, 2025>
③ The Representative Director or the Code of Conduct Officer of the Foundation who has received a report pursuant to Paragraph 2 may handle such money, valuables, etc. in accordance with any of the standards set forth in the following subparagraphs. <Amended Nov. 16, 2018>
2. 1. Dispose of money, valuables, etc. that have no economic value due to decay, deterioration, etc.
3. 2. Donate money, valuables, etc., whose economic value is at risk of being diminished due to decay or deterioration to social welfare facilities or public interest organizations.
4. 3. In cases other than Subparagraphs 1 and 2, except where there are special provisions in other laws, donation to social welfare facilities or public interest organizations, etc.
5. 4. Other standards determined by the Representative Director of the Foundation <Amended Nov. 16, 2018>
④ The Code of Conduct Officer shall record and manage the provider and recipient, the provided items, the date and time of provision, and the details of the processing regarding the items processed pursuant to Paragraph 3 in the Register of Receipt and Processing of Items, etc., and shall notify the provider of the relevant facts. However, if the address of the provider is unknown, notification may be omitted.

Chapter 6 Supplementary Provisions

Article 26 (Education) ① The Representative Director of the Foundation shall establish and implement an education plan for employees and officers to ensure compliance with this Code of Conduct, and shall record and manage the results thereof. <Amended Nov. 16, 2018>
② The training pursuant to Paragraph 1 shall be conducted at least once a year, and new employees shall be trained upon new appointment.
Article 27 (Designation of Code of Conduct Officer) ① The Foundation shall designate the Head of the Operations Division as the Code of Conduct Officer for the smooth operation of these Regulations. However, this shall not apply if it is deemed inappropriate to designate a Code of Conduct Officer for the Foundation in consideration of the Foundation's scale, nature, and geographical characteristics. <Amended Nov. 16, 2018; Sep. 15, 2025>
② The Code of Conduct Officer shall perform the following duties:
1. 1. Matters concerning education and counseling under the regulations <Amended Sep. 15, 2025>
2. 2. Matters concerning inspection and evaluation of compliance with regulations <Amended Sep. 15, 2025>
3. 3. Matters concerning the receipt of reports of violations of the regulations, investigation and processing, and protection of whistleblowers <Amended Sep. 15, 2025>
4. 4. Other matters necessary for the operation of the regulations <Amended Sep. 15, 2025>
③ The Code of Conduct Officer shall not disclose information learned while performing the duties under Paragraph 2. <Amended Sep. 15, 2025>
④ If a Code of Conduct Officer is not designated pursuant to Paragraph 1, the Code of Conduct Officer belonging to the superior agency shall perform the duties regarding the agency's Code of Conduct. <Amended Sep. 15, 2025>
Article 28 (Check for Compliance) ① The Code of Conduct Officer shall regularly inspect the implementation status and compliance of regulations by employees and officers at least once a year. <Amended Sep. 15, 2025>
② In addition to the regular inspections under Paragraph 1, the Code of Conduct Officer may conduct unscheduled inspections during periods vulnerable to corruption, such as vacation seasons and before and after holidays.
③ The Code of Conduct Officer shall report the results of the inspections pursuant to Paragraphs 1 and 2 to the Representative Director of the Foundation. <Amended Nov. 16, 2018>
Article 29 (Awards) The Foundation may provide preferential personnel treatment or awards, etc., to employees and officers who have contributed to the implementation and development of the Regulations. <Amended Nov. 16, 2018; Sep. 15, 2025>
Article 30 (Operation of Code of Conduct) The Foundation may establish and implement internal guidelines for detailed matters necessary for the operation of these regulations, and matters not specified in these regulations shall follow the "Rules on the Code of Conduct for Goyang City Public Officials," the "Operational Guidelines for the Code of Conduct for Public Officials," etc. <Amended Nov. 28, 2014; Nov. 16, 2018; Sep. 15, 2025>