Living together with everything in Hyosung TNC's factories and the surrounding environment
All stakeholders including Hyosung TNC employees, customers, and local communities have the right to dignity and happiness that cannot be transferred as human beings. We promise to grow together with all stakeholders through Hyosung Way, a value system of Hyosung TNC that leads the better life of mankind based on the best technology and management capability. Hyosung TNC supports the UNGC principles, the OECD Guidelines for Multinational Enterprises, and the labor standards laid down by the ILO, as well as the Universal Declaration of Human Rights adopted at the UN General Assembly. In addition, we promise to comply with the standards of labor rights and working conditions of all the countries in which we operate, as well as in Korea where our head office is located. This commitment is equally applicable to all stakeholders, including employees of Hyosung TNC, customers, local communities, and employees of partner companies.
One is entitled to have the right and freedom in all fields of political, economic, social and cultural life without unfair discrimination based on race, nationality, gender, language, religion, ethnicity, disability, political opinion, social background, academic background and age.
Fair compensation is given according to individual ability and performance under fair working condition, and opportunities for self-development are provided.
Employees have the right to enjoy freedom of association for assembly without threat of retaliation or intimidation.
Employees have the right to work in a healthy and safe manner in a pleasant working environment.
No one else can interfere with an employee’s personal information and privacy related to his/her family, housing and communication.
We guarantee working hours determined by the country where our business is operating and comply with the regulations of regular paid leave.
We observe the minimum age for employment set by the country where our business is operating, and employees are not forced to work against their will.
Recognizing a supplier company as a partner in an equal position, Hyosung TNC does not abuse its superior position and further contributes to improving human rights of supplier companies.
Hyosung TNC recognizes its responsibility for the development of the local community and actively invests in the community development.
We provide the required information to shareholders and investors in timely manner and maintain accuracy of accounting data to ensure transparency.
The customer’s information is recognized as valuable asset, which is required only to a minimal extent. We take technical and physical measures to protect the customer information.
Since 2021, we have been conducting human rights impact assessments on the holding company and its subsidiaries from the perspectives of company operation. These assessments are conducted at least once a year according to the human rights management guidelines and checklist issued by the National Human Rights Commission, and are subjected to thorough reviews by external experts, as part of our continuous efforts to improve the human rights of our workers.
Through the operation of external and in-house reporting channels, we actively receive opinions of internal and external stakeholders, including our employees, to protect human rights, improve the working environment, prevent violations of laws and codes of ethics, and enhance satisfaction. Cases received through external reporting channels are received directly by the person in charge of the Compliance Support and Audit Team and investigated according to the company's internal processes, and the contents of the report and the identity of the informant are investigated in strict secrecy to ensure that the contents of the report and the identity of the informant are not disclosed, and the progress is shared with the informant. We operate a separate HR consultation center for our employees and employees, and conflicts with superiors/co-workers received through the center, job aptitude problems, and harassment within the company are handled by the HR team personnel through individual consultation to take appropriate action and resolve the problem. Employees' suggestions such as the improvement of the in-house system and working facilities are reported through the company's anonymous bulletin board, and the person in charge of the human resources team forwards the agenda to the relevant department to carry out improvement activities.
We conduct regular clean-up campaigns of the rivers next to our Ulsan and Gumi factories in
order to purify the environment surrounding our factories.
Our Ulsan factory is leading the efforts to purify the environment around the Taehwagang River. We are also cleaning up the environment surrounding the factory while leading a campaign to clean the Napdo Road which passes by the factory. In addition to our campaign to clean the environment around the Igyecheon River and Cheonsengsan Mountain, our Gumi factory is participating in the Gumi city government's efforts (along with other companies in Gumi) to clean up the Hancheon River.
We are investing in, or providing technology support to,
startups that produce clothes or accessories using environmentally-friendly
textiles or possess the technology for doing so. By undertaking diverse
projects with startups and providing a stable supply of our environmentally-friendly yarn,
we are helping South Korean startups to become leading fashion brands in the domestic
market and beloved brands in the global market.
Starting with PLEATSMAMA, we will form a partnership system with startups and contribute to identifying environmentally-friendly startups that have the competencies to survive in the market.