HD HCE ESG "Growth and Shared Prosperity”

On March 15th, HD Hyundai Construction Equipment(here after HCE) hosted a "Safe Workplace Establishment for Partner Company Inauguration" with HanWool H&P and SE-AN Precision Machinery to initiate a pilot program for preventing critical accidents among partner companies. The event was attended by over 30 individuals, including the Purchasing Department's SD Team, the EHS Team, and safety personnel from six partner companies.

This initiative aims to support partner companies in establishing appropriate safety standards and proactively identifying and improving major accident risks, especially with the expansion of the Serious Accidents Punishment Act to include small businesses with fewer than 50 employees.

HCE, representing the SD team and EHS team, plans to provide standardized safety management processes to these six partner companies through safety education, consulting, and improvement management and expand support to other companies.

On March 20th, HCE signed a "Business Agreement for Strengthening Cooperation between SMEs" with the Korea SMEs and Startups Agency (KSSA) in Changwon Gyeongnam Regional Headquarters.

HCE and KSSA decided to enhance cooperation with partner SMEs in the Gyeongnam Region expected to face difficulties due to recent global economic downturns, high interests, and exchange rates.

In addition to existing mutual growth funds, guarantee agreements, and equipment investment support, HCE initiated a new Supply Chain ESG Mutual Growth Fund earlier this year. Through this agreement, HCE plans to continuously diversify mutual support programs through government agencies to create effective cooperation models, lowering support barriers and providing substantial assistance.

On March 21st, HCE held an Integrated Quality Meeting with OEM Partner Companies at Pohang TC TECH, attended by over 40 individuals including CEO Cheol-gon Choi, and employees from OEM partner companies.

First of all, the meeting awarded two employees from TC TECH for maintaining and improving product quality. It also shared regular process inspection results, best practices, and presentations on the quality status and improvement activities of domestic OEM factories.

Through the Integrated Quality meeting, OEM partner companies gained benchmarking opportunities, while HCE employees pledged to produce globally excellent quality products by actively adopting good practices from other OEM companies.

On March 22nd, HCE held a general meeting for partner companies at the Ulsan Campus to strengthen partnerships. The event, attended by over 80 individuals including CEO Cheol-gon Choi, Vice President Chan-hyuk Park, and employees from HCE and partner companies, occurred at the newly completed GOC (Global Operation Center) auditorium.

An advanced construction site tour was conducted before the main event, an award ceremony was held honoring five partner companies for their outstanding achievements in 2023. Subsequently, department chiefs in sales, production, purchasing, and quality explained the key strategies for 2024, including detailed guidance on supporting partner companies such as safety workplace assistance and equipment investment support systems.

Partner companies shared their achievements and expressed gratitude for the support, while HCE promised continuous assistance, urging partner companies to change and innovate in line with the Ulsan Campus advancement project and component quality enhancement.