Based on the belief that "partner competitiveness is the company's growth engine" and that
"Hyosung shares a common destiny with its partners," Hyosung aims to create a shared future with its partners.
Strategies and systems
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Shared Growth
We will pursue shared growth to create sustainable growth engines, jobs, and an economic foundation for a fair society, as well as engage in cooperative activities between companies with a mid- to long-term perspective.
- Laying a foundation for shared growth
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Fair Trade
We will promote fair trade and free competition and abide by the basic order of economic activities.
- Establishment of fair trade order
- Prohibition of abuse of dominance
- Prohibition of collusion
- Prohibition of unfair trade practices
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Supply Chain Management
We will develop a supply chain management strategy that can support shared growth and fulfill our social responsibilities through an integrated management of supply chain risks.
- Establishment of supply chain management strategies
- Establishment of and support for the Partner Code of Conduct
- Supply Chain Risk Management
Win-win management promotion organization
- Hyosung’s Strategy Division, which operates partner support programs, has a person in charge of win-win cooperation, and the purchasing department at each business site manages partners based on the characteristics of the supply chain. Thanks to this system, we can listen to and communicate with our partners about their challenges and suggestions, thereby facilitating mutual growth. Moreover, we encourage our partners to participate in research conducted jointly by the Hyosung R&D Center and the Hyosung Power & Industrial Systems R&D Center so as to improve their technological capabilities and competitiveness.
- We implement numerous support programs for our partners, including financial support, support for technological innovation and R&D, support for growth infrastructure, and support for improving working conditions.
