Goals of shared growth
Hanwha Energy Convergence Division strives to create a sustainable business environment by practicing the three core values of shared growth.
01
Build a fair trade culture.
02
Strengthen the competitiveness of partner companies.
03
Promote communication with partner companies.
A fair trade culture
Introduction of standard subcontracting contracts
- · Standard subcontracting contract recommended by the Fair Trade Commission
- · Standard subcontracts for all businesses operated by Hanwha Convergence the construction industry (type 2), manufacturing consignment industry (type 2), engineering industry (type 1), software industry (type 1), etc.
Compliance with subcontracting laws and regulations
- · Compliance with relevant laws and regulations, such as subcontract payment, unreasonable special contracts, technical data requests, etc.
- · Systematization of subcontracting work and monitoring of process compliance
Improvement of fair trade awareness
- · Training on compliance with laws related to subcontracting for all employees
- · Sharing of fair trade-related policies, laws, and system changes, latest issues, and related cases
Competitiveness of partner companies.
Improved payment terms
- Payment within 60 days after completing inspection and delivery
- Compliance with subcontract payment provisions and expansion of cash payment
Exemption from contract-related guarantee insurance policies
Exemption from submission of guarantee insurance policy if it is a major partner company or there is no request from the ordering party
Reward for excellent partners
Incentive system and advanced payment before national holidays for suppliers that have contributed to the promotion of mutual benefits and achieved excellent performance
Confidentiality agreement
Confidentiality agreement to safely protect confidential information mutually provided
Communication with partner companies
- Regular meetings with partner companies
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- Promote quality and technology improvement through regular meetings with partners
- Receive and improve supplier difficulties