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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.

  • Strategy of Win-Win management

    Hyosung TNC Co., Ltd. actively practices shared growth management with diverse stakeholders to realize its mission: “To lead a better life for humanity through the best technology and management capabilities.” Hyosung TNC pursues mutual growth with its suppliers through sustainable supply chain management, while upholding ethical business practices based on fair trade principles. In addition, Hyosung TNC engages in a wide range of collaborative initiatives with local communities, both around its business sites and in key regions. Through these efforts, Hyosung TNC systematically manages the environmental, social, and economic impacts that may arise throughout the entire value chain—from its supply network to the surrounding communities. As a responsible corporate citizen, Hyosung TNC continues to foster long-term partnerships that support sustainable growth.

    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
    Regulations for Compliance with Shared Growth

  • Win-win management promotion organization

    • Hyosung TNC Co., Ltd. operates a dedicated Shared Growth Management Team within its ESG Management Office, which reports directly to the CEO. To foster collaboration with stakeholders and create social value, the company has established working-level consultative bodies at each business site to actively implement various shared growth initiatives. In addition, the Shared Growth Review Committee, jointly operated by Hyosung Group affiliates, conducts monthly reviews of shared growth projects led by each company’s ESG management team. Depending on the significance of the issues, the outcomes are deliberated quarterly by the ESG Management Committee and subsequently reported to the Board of Directors. Through this governance framework, Hyosung TNC is enhancing communication with a wide range of stakeholders and realizing sustainable shared growth.

  • Win-win Management

    Win-win Management

  • Collaborative Partnership with Suppliers

    Hyosung TNC has established the supplier code of conduct to facilitate sustainable supply chain. Annually, when engaging in fair trade agreements, we secure a commitment from suppliers to adhere to the code of conduct. We perform regular evaluation of the suppliers and check their compliance through assessments by experts. To address adverse impacts found through the assessment and remove risk factors, Hyosung establishes plans and reviews them through the Collaborative Partnership Deliberation Committee prior to their implementation. We conduct site inspection to check the improvement and manage follow-up actions.

    Collaborative Partnership with Suppliers

  • Collaborative Partnership with SME Customers

    Hyosung TNC supports continuous growth of the SME clients by utilizing eco-friendly materials and technologies. We assist them producing and launching eco-friendly material items, as well as exhibiting and selling those at exhibitions and festivals. Hyosung TNC is also developing plans to support SME clients taking appropriate actions and conducting activities in the areas of climate change and biodiversity conservation.

    Collaborative Partnership with SME Customers

  • Collaborative Partnership with Local Communities

    Hyosung TNC has established and operates strategies for collaborative partnership with local communities to address adverse effects on local communities where our business sites are located, and to facilitate their growth and development. Additionally, we are involved in the resolution of issues in biologically significant regions.

    Collaborative Partnership with Local Communities

  • Collaborative Partnership Process

    Collaborative Partnership Process

  • Hyosung TNC Win-Win Growth Program

    Hyosung TNC Win-Win Growth Program