- Fundamentals for Sustainable Growth
We reinforce the fundamentals for sustainable growth by providing support from financing to human
and material and resource development for suppliers to achieve stable management.
- Expansion of Financial
Support for Coexistence
Hyundai Motor Group makes an agreement on “Fair Trade with subcontract” with small and medium suppliers, and supports their efforts to strengthen their fundamentals for sustainable growth. In 2008, a 100 billion KRW Coexistence fund was established with IBK bank and Korea Technology Finance Corporation in order to expand “financial support for coexistence” for small and medium suppliers.
- Support Expansion of
Exports by 2nd and 3rd
We have expanded production volume at our overseas plant, which will get 2nd and 3rd suppliers to increase their exports. By sharing performance and achievements in overseas markets with domestic small and medium suppliers, we help them to increase revenue and to become globalized as strong small and medium-sized firms that are self-sustainable.
- Human Resource
Through the human resource development consortium, a program to ‘Foster technical talents’ is enabled by using the high quality lecturers and facility of Hyundai Motor Group to improve the competence and production activities and quality of our suppliers.
- Job Fair for Hyundai & Kia
In 2012, Hyundai & Kia Motors held the first ‘Job Fair for Suppliers’ in Korea to provide a link between job seekers and small and medium-sized suppliers who had difficulty recruiting HR. Suppliers were able to promote the vision and values of their companies and access a high quality HR pool so that they could create a virtuous circle to enhance the competitiveness of the car industry in Korea.