We, the officers and employees of Taiyoung Shipping Co., Ltd.,
understand that being upright and ethical is the key to the stronger corporate value and competitiveness.
We shall take the initiative in complying with the Code of Ethics when doing our businesses.

We shall not seek for or accept any dishonest profit from any business partners or act in any circumstance to disgrace Taiyoung Shipping.

I understand that I will be held liable for any violation of the Code of Ethics as prescribed by applicable bylaws.