컨테이너 영역

Social Win-win
Management

Social Win-win
Management

Hyosung TNC is establishing a win-win growth promotion system and managing it systematically,

We aims to move toward a sustainable future through symbiotic relationships with our partner companies.

If a large enterprises and small businesses pursue the maximization of short-term profits only, there is a concern that the foundation of small- and medium-sized enterprises may weaken, potentially leading to a crisis in the corporate ecosystem. Therefore, from a medium to long-term perspective, there is a need to establish a system of mutual cooperation among companies of different sizes.
Hyosung TNC recognizes continuous win-win growth as a highly important matter that our society demands. We are committed to facing the rapidly changing market environment together with our partners, using challenging and proactive approaches, and striving to contribute to society while ensuring sustained growth.

  • Building a Corporate Ecosystem of Win-Win Growth
    through a Sustainable Supply Chain

    Hyosung TNC is committed to securing business competitiveness and establishing the ethical foundation of society through sustainable supply chain operations. We have implemented various programs to operate in a fair manner with our partner companies. Through these efforts, Hyosung TNC aims to be a responsible member of society by complying with the law and striving to create a healthy ecosystem within the supply chain.

    See below
    • Compliance with the four major guidelines of the Fair Trade Commission

      We adhere to the philosophy of transparency, legitimacy, and fairness, as well as the four major guidelines of the Fair Trade Commission in order to establish transparent and rational transaction practices insupply chain operations and contribute to the establishment of a fair subcontracting order. We adhere to the philosophy of transparency, legitimacy, and fairness, as well as the four major guidelines of the Fair Trade Commission in our supply chain operations.

    • Win-Win Growth Programs for a Healty Supply Chain

      In order to establish a healthy corporate ecosystem and promote the growth and development of our partner companies, we are implementing win-win growth programs aimed at supporting them through financial assistance, education support, recruitment support, technology support, and management support.

    • Enhancing sustainability within the supply chain

      We also conduct a regular and systematic supply chain assessments and maintain open communication with our partner companies to adapt to the changing times. Through these efforts, we seek to spread ESG values within the supply chain and operate a sustainable supply chain that promotes continuous growth, while also improving our procurement environment.

    Achieving Sustainable Supply Chain

Fair Trade

Establishment of
Fair Trade Order

Hyosung TNC has introduced and operates the four major compliance items recommended by the Fair Trade Commission as part of our company regulations to foster a culture of fair trade with our partners.
In addition, we have published guidelines prohibiting retaliatory actions such as one-sided trade restrictions or suspensions against our partner companies to create a foundation for a fair partnerships and to establish rational and transparent trading relationships.

Operation of Fair Trade
Self-compliance Program

To promote a culture of fair trade based on transparent and legitimate procedures, Hyosung TNC has implemented and operates a Fair Trade Self-compliance Program.
Furthermore, through the Transparent Management Committee under the board of directors, we address the issues such as favoritism or unfair internal transactions and conduct advance deliberations and resolutions on related issues, including compliance with the Fair Trade Self-compliance Program.

Pre- and Post-transaction Audits

Since 2019, Hyosung TNC has been operating a pre- and post-transaction audti system with partner companies. Through this system, we monitor compliance and the occurrence of unfair practices. Before proceeding with transactions, we confirm factors such as the provision of written contracts prior to trade, prohibition of unfair determination of subcontracting payments, and prohibition of coercion to purchase goods, as well as improper demands for monetary benefits. After completing transactions, we verify issues such as delayed payment, violations of technical data regulations, and unjust cuts in subcontracting payments.

Fair Trade
Education

Hyosung TNC establishes a direct relationships with partner companies involved in fair trade, such as the purchasing department and factory management team. We periodically conduct education on subcontracting laws, contract violations, and other relevant topics for departments that are at high risk of risk occurrence. Furthermore, we provide information on procedures and standards for compliance with fair trade laws, including the Fair Trade Act and Agency Act, to our sales department. This ensures that they have the necessary knowledge to adhere to relevant laws and regulations in their business conduct.

Partner Company Reporting/Proposal Process

See below
Partner Company
  • Report receipt
Hyosung TNC
  1. Report confirmation
  2. Investigation and investigation completion
  3. Conclusion and confirmation of handling results

Related Information

Compliance Hotline Regulations on fair trade practices Regulations on partner selection and operations Regulations on subcontract management internal review committee Regulations on the issuance and retention of written subcontract agreements Guidelines on prohibition of retaliation against partner companies Self-compliance handbook on fair trade

  • Win-Win Growth

    Hyosung TNC aims to create a shared the future with its partner companies, based on the recognition that they are interconnected entities with common goals. With the belief that the competitiveness of partner companies is a driving force behind our company's growth, we are making efforts to establish a systematic win-win growth system. The Purchasing Team, which oversees partner management, works alongside the Win-Win Growth Promotion Organization to support partner companies through win-win growth programs. We are committed to providing extensive support in various areas, going beyond simply enhancing the cost and quality competitiveness of partner companies, to ensure the sustainability of their business operations.

    Organizational Structure for Partner Company Win-Win Growth Management
    See below

    Organizational Structure for Partner Company Win-Win Growth Management

    • Technology collaboration and research department
      Technology collaboration and joint research
    • Dedicated purchasing departments for each business unit
      Partner company contract and procurement management
    • Win-win growth promotion team
      Support program operation
    • Hyosung
      Hyosung TNC

Operational Status of the Support Program for Win-Win Growth (Ongoing)

See below
  • Recognition of outstanding partners
    • Monetary reward for outstanding partners in the proud Hyosung partner category this year
    • Recognition of excellent safety partners
  • Financial support
    • 1.Cash payment for delivered items (within 10 days after the payment deadline)
    • 2.Support for a large and small enterprise win-win growth investment fund
  • Technical support
    • Collaborative research and development, joint patent applications
    • Technical consulting for quality improvement
    • Technical support for safety and health vulnerable areas of partners
  • Management capacity and productivity enhancement support
    • Consulting for productivity improvement
    • Support for participation in the Korea Energy Corporation's energy companion program
    • Management advisory support through participation in the management doctor program
    • Consulting support for establishing ESG-based training
  • Safety support program
    • Annual self-assessment of partner risks and identification of improvement measures for harmful risk factors
    • Education support (risk assessment, management and supervision, etc.)
    • Support for safety management service costs for businesses with fewer than 50 employees
    • Support for health examination costs
    • Support for twice-a-year workplace environment measurements
    • Support for safety equipment, including safety protection gear, for all partner company workplaces
    • Quarterly selection and recognition of outstanding companies (with a focus on safety)
Compliance with win-win growth regulations

  • ESG Value Dissemination in the Supply Chain

    The supply chain is becoming increasingly important for securing a company's sustainable global competitiveness, continuous growth, job creation, and as the economic foundation of a fair society.

    Hyosung TNC has revised its internal regulations to incorporate sustainability elements such as ethical, social, and environmental standards into its existing supplier management process. This is designed to meet changing social demands and promote social responsibility within the value chain.

Related Information

Supplier code of conduct Supplier ESG evaluation regulations Sustainable procurement policy Supplier ESG self-assessment system

Hyosung TNC Supplier Registration and Evaluation Process

See below
  • 01

    Selection of new registration candidates

    Securing a pool of tradable companies
  • 02

    Evaluation of new companies

    Business management and financial status evaluation, environmental, health, and safety assessment
  • 03

    Registration and transaction approval for approved companies

    Long-term, annual, and general contracts, quality and delivery management
  • 04

    Management of registered companies

    Pre- and post-evaluation, regular evaluations of partner companies

  • Process of Establishing a Supply Chain ESG System

    In 2022, Hyosung TNC established a Supplier Code of Conduct that incorporates ESG (environmental, social, and governance) elements. The company has demanded its suppliers commit to this code, contributing to awareness and improvement regarding the human rights, child and forced labor, governance compliance, and sustainable supply chain practices among. Furthermore, since 2022, Hyosung TNC has requested its suppliers respond to self-assessment questionnaires or assessments from reputable external evaluation organizations related to ESG elements. The responses are used as foundational data for Hyosung T&C's sustainable supply chain risk assessment. For small- and medium-sized suppliers, the company offers support to enhance their ESG capabilities in coordination with the Win-Win Growth Program. Additionally, Hyosung TNC plans to gradually improve its legally binding purchase contracts to include ESG elements in their operations.

    See below
    1. Understanding and analyzing the supply chain
    2. Policy development
    3. Policy development
    4. Risk alleviation measures
    5. Audits and monitoring
    6. Partner Company Participation in win-win support
    1. Setting boundaries
    2. Classification of a key management partner companies
    3. Supplier ESG meetings
    4. Development of checklists (plan)
    5. Conducting sampling assessments
    6. Gathering feedbacks
    7. Establishment of supply chain ESG policies
      • Human rights and labor
      • Safety and health
      • Environment
      • Ethics
      • Management systems
    1. Policy dissemination and education
    2. ESG risk assessment
    3. Identifying potential risks
    4. Analysis of results and action plans
    5. Establishment of risk alleviation plans
    6. Corrective actions
    7. Regular audits and monitoring
      • Establishment of a third-party audit system in the medium to long term
    Establishment of a win-win cooperation system through supplier support

    * Establishment of supply chain ESG policies: Development of a supplier code of conduct that includes provisions related to human rights and labor, safety and health, the environment, ethics, and management systems.

  • Hyosung TNC Supplier ESG
    Management Areas:

    Environment

    Creating a greater environmental value
    through actions and by establishing an
    environmental management system

    Implementing a cleaner
    environmental management

    • Environmental management
      policies and objectives
    • Climate change and
      carbon emissions
    • Energy conservation and
      management
    • Resource recycling and
      waste management
    • Compliance with an
      environmental regulations

    Social

    Generating greater societal value
    through positive relationship-building
    with diverse stakeholders

    Building more humane
    stakeholder relationships

    • Human rights management
      regulations and compliance
    • Compliance with labor
      standards
    • Industrial safety
      and health
    • Personal information
      protection
    • Fair competition and
      supply chain management
    • Contribution to the
      local community

    Governance

    Creating greater ethical value
    through a systematic and strict
    governance structure

    Promoting more ethical
    business conduct

    • ESG management
      policies
    • Ethical
      management
    • Anti-
      corruption
    • Implementation and
      management of internal
      whistleblowing