HSAD signed ‘Fair Trade and Shared Growth Convention’ with partners
HSAD announced on the 2nd that it signed a 2025 fair trade and shared growth agreement to establish a fair trading culture and strengthen win -win cooperation with its suppliers.
HSAD operates a variety of financial support programs to increase the management stability of suppliers. The company plans to create a ‘shared growth fund’ that can borrow funds at low interest rates, and will provide various practical benefits such as education, welfare, and management consulting through the ‘Win -Win Cooperation Fund’, which HSAD appeared separately.
In addition to financial support, it supports the strengthening of its competitiveness through various win -win programs such as △ operation of dedicated recruitment to secure excellent talents, △ support for employees of suppliers, △ management consulting and performance sharing system, and △ building a welfare mall for suppliers.
Subcontract payments are also improved to increase the liquidity and transaction stability of cooperative contractors. Only partners will increase the number of monthly deadline and operate three times, and 100% cash payments within 10 days after the deadline.
HSAD will also maintain internal operating systems to increase the execution of shared growth policies. HSAD forms an internal deliberation committee to conduct an internal deliberation committee to conduct internal deliberation on whether there are any violations of the law before and after the subcontracting contract. Furthermore, a dispute coordination committee will be formed to prepare an organization that can quickly and reasonably resolve conflicts with suppliers.
Based on the four practices of the Fair Trade Commission, HSAD plans to create a fair trading environment, such as securing transparency of contracts and timely payment of money in deal with partners.
Park Ae -ri, CEO of HSAD, said, “We expect that the Convention will be a strong foundation for innovative and creative results with its suppliers.” “We will continue to expand various win -win programs that achieve the growth of partners based on fair partnerships.”
By Kim Shin -young, reporter spicyzero@etnews.com
