Home Sustainability Mutual growth
Mutual growth
Hyundai KEFICO is pursuing a shared growth policy
based on win-win cooperation with its partners.
- Building a shared growth strategy
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In order to form a strong supply chain based on win-win cooperation with our partners, Hyundai KEFICO is continuously expanding and promoting mutual growth policies. In order to build a true mutual growth eco-system, we are establishing a culture of mutual growth, strengthening global competitiveness, establishing a sustainable growth environment, and establishing communication and empathy as strategies. We are also actively implementing systems for financial support, building capacity, and expanding communication.
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Establishing a culture of mutual growth
Transparent trade culture of mutual trust
Creating mutual growth value
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Strengthening global competitiveness
Nurturing global-level partners
Strengthening global-level competitiveness
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Establishing a sustainable growth environment
Stabilizing our partners' management
Expanding into global sales
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Communication and empathy
Global communication leadership
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- Financial support program
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Financial support
Hyundai KEFICO provides financial support to help our partners in enhancing their cash flow and liquidity.
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Financial support
We establish funds through financial institutions and provide loans at low interest rates.
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Indirect support
We provide transaction details to financial institutions or recommend partners for loans (network loan agreements).
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Special support
We contribute funds to foundations to support cooperation projects.
"Pay tomorrow" aid
Hyundai KEFICO participates in "pay tomorrow" aid for small- and medium-sized partners. It is a win-win policy that provides practical support to our partners' workers and gives our small- and medium-sized partners opportunities to hire key personnel.
Payment policy
We provide 100% of payment to mutual growth partners in cash, and the payment deadline is shortened to 10 days in order to efficiently support our partners' fund management.
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- Win-win cooperation program
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Protection of intellectual properties
Hyundai KEFICO implements measures such as introducing a technical data escrow system and joint patent applications to help our partners cultivate solid future growth momentum.
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Joint patent applications
Consultation for ideas and support for patent discovery activities
Support for 50% of joint patent application fees
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Provision of unused patents
Free use of patents not used by Hyundai KEFICO
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Technical Data Escrow Support
Preventive support to keep from leaking or misusing partner companies' technology
Training for capacity building
With the belief that our partners' competitiveness is our competitiveness, Hyundai KEFICO is providing free training programs and developing and operating training programs that are customized to our partners' needs every year.
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Technical, quality, and practical capacity building seminars
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Online job academy
Communication channels
Hyundai KEFICO aims for horizontal relationships with our partners, and operates various channels for continuous communication and resolution of issues.
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Partner seminar
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Awards system for excellent partners
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Regular partner meetings / CEO conferences
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- Sustainability program
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Sustainability list checks
Hyundai KEFICO has enacted the Code of Conduct and encourages its implementation so that our partners can be competitive in sustainable management in areas such as the environment, labor, human rights, ethics, and safety.
Also, we are striving to build a sustainable supply chain by monitoring risks to sustainability and encouraging improvements.※ Number of partner companies (2024): 65 (expanded inspection of non-core partner companies)
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Sign Code of Conduct
Norms and guidelines for ethics, environment, labor and human rights, safety and health, and the ESG management system
After 83 companies signed the code of conduct in 2021, the targeted signatory pool has been expanded (mandatory signing of the code of conduct for new partners)
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Self-diagnosis
Number of partners (as of 2024): 87
Implement self-diagnosis of "sustainable management risk assessment" and select "risk partners"
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On-site diagnosis
Number of partners (as of 2024): 25
Conduct on-site inspections on “risk partners” and take corrective measures for items that need improvement
ESG training
We are sharing internal/external ESG issues and supply chain ESG policies through annual training to promote leading socially responsible management of our partners. In addition, we are diagnosing Hyundai KEFICO's supply chain ESG management level and reinforcing the ESG management system in close cooperation with our partners.
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