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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

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 program

Financial support

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

  • Direct support

    Interest-free financing for partners as Hyundai KEFICO takes on their bad debt

  • Mixed support

    Loans through a financial institution to provide loans at low interest rates

  • Indirect support

    Providing (or recommending) transaction details to financial institutions to provide loans for partners (network loan agreement)

"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.

현대케피코에서 대중소기업 농어업협력재단에 자금출연하면 중소기업에 자금을 지원하고 중소기업은 중소기업진흥공단에 공제금을 납부하여 중소기업 핵심인력에 보상금을 지급합니다.

현대케피코에서 대중소기업 농어업협력재단에 자금출연하면 중소기업에 자금을 지원하고 중소기업은 중소기업진흥공단에 공제금을 납부하여 중소기업 핵심인력에 보상금을 지급합니다.

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.

Win-win cooperation program

Protection of intellectual properties

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

1. Joint patent applications:Consultation for ideas and support for patent discovery activities, Support for 50% of joint patent application fees 2.Provision of unused patents:Free use of patents not used by Hyundai KEFICO

  • 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.

  • Partner seminar

  • Awards system for excellent partners

  • Regular partner meetings / CEO conferences

Sustainability program

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.

※ Subjects of sustainability risk inspections in 2021: 83 major partners (number of primary partners: 293)

  • Sign Code of Conduct

    Norms and guidelines for ethics, environment, labor and human rights, safety and health, and the ESG management system

    Increase signatories of the Code of Conduct after 2021 (signing of the Code of Conduct mandatory 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

Download the Partner Code of Conduct

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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