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.

• 

  Establishing a culture of mutual growth

  Transparent trade culture of mutual trust

  Creating mutual growth value

• 

  Strengthening global competitiveness

  Nurturing global-level partners

  Strengthening global-level competitiveness

• 

  Establishing a sustainable growth environment

  Stabilizing our partners' management

  Expanding into global sales

• 

  Communication and empathy

  Global communication leadership

Financial support

Hyundai KEFICO helps our partners manage their funds and improve liquidity with direct and mixed support.

"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 7 days in order to efficiently support our partners' fund management.

Protection of intellectual properties

Hyundai KEFICO is conducting a joint application for patents to allow our partners to develop substantial future growth engines.

• Joint patent applications

  Consultation for ideas and support for patent discovery activities

  Support for 50% of joint patent application fees

• Provision of unused patents

  Free use of patents not used by Hyundai KEFICO

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.

• Technical, quality, and practical capacity building seminars

• 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.

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.

※ Targets of sustainability risk inspection in 2022: 72 core partners

• 

  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)

• 

  Self-diagnosis

  Number of partners (as of 2023): 72

  Implement self-diagnosis of "sustainable management risk assessment" and select "risk partners"

• 

  On-site diagnosis

  Number of partners (as of 2023): 20

  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.