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Corporate Philanthropic Activities

The true value of a corporation becomes significant when it coexists with society, and we return the value created through our business activities back to society to fulfill our role and responsibility as a corporate citizen.

The true value of a corporation becomes significant when it coexists with society, and we return the value created through our business activities back to society to fulfill our role and responsibility as a corporate citizen.

1. Mobility Project

(1) SDGS-related Items:
Reduced_Inequalities_sdgs10

(2) Business Description

Hankook Tire & Technology is continuously implementing three mobility projects: Vehicle Sharing, Tire Sharing, and Teumbus with the concept of ‘mobility’ that utilizes the characteristics of the company’s business. Vehicle Sharing is a project that helps to efficiently deliver welfare services by providing vehicles for social welfare facilities that have difficulty in moving due to lack of vehicles. Tire Sharing is a project that replaces an old tire with an eco-friendly one to support the vehicle maintenance for a safe moving environment in social welfare facilities. Teumbus is a project that helps people experience culture, history, tradition, ecology, and education by providing large buses for the safe movement of social welfare facilities across the country that have difficulty in moving. People in the social welfare facilities who are the mobility project beneficiaries and the vulnerable classes who get benefited from the social welfare service understand the direction of Hankook Tire & Technology's social responsibility and directly experience the excellence of products while using them, thereby turning themselves into the loyal customers who would make repurchase and promote these to their friends and families. Provision of the light vehicle maintenance services or large buses may play a role in revitalizing the economy of the local community with the local light maintenance and bus companies.

(3) Achievements

     1) Achievement in '20

        ① Number of vehicles supported in 2020: 50

        ② Number of tires supported in 2020: 2,752

        ③ Number of buses supported in 2020: 45

     2) Cumulative Achievement

        ① Number of vehicles supported: 547 ('08~'20)

        ② Number of tires supported: 24,012 ('10~'20)

        ③ Number of buses supported: 3,825 ('12~'20)

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2. Compassionate Social Housing Fund

(1) SDGS-related items

No_Poverty_sdgs1 Decent_Work_And_Economic_Growth_sdgs8 Reduced_Inequalities_sdgs10 Sustainable_Cities_and_Communities_sdgs11

(2) Business Description

Hankook Tire & Technology provides the social housing by collecting the Compassionate Social Housing Fund for young people whose living conditions are getting worse due to the terrifying shortage of housing. The Compassionate Social Housing Fund project lends a low-interest fund to the construction social enterprises, collects the fund when the social housing and its supply are completed, and supports construction of another new social housing. With addition of 6 billion KRW of the Compassionate Social Housing Fund and 8.1 billion KRW of the Seoul Social Investment Fund as a public-private cooperation fund, 14.1 billion KRW of the fund has been stably managed and supplied for the high-quality social housing for 5 years. The social housing is an attractive residential space for young people, with 40-80% low deposit and rent compared to the surrounding market rate, comfortable public spaces and community facilities. That is why intake of most social housing events is closed as soon as their application starts. In 2020, we provided deposit and rent for the young seeking for social housing to help them plan for their hopeful future. We plan to create a warm and comfortable home for the underprivileged by stably managing the fund so that the supply may settle from a small scale to a large one.
Hankook Tire & Technology gets benefit from raising a positive corporate image that lays the foundation for solving the social problems such as employment, marriage, and childbirth by creating a more stable living environment to provide the social housing for young people who are disadvantaged in housing and creates an effect of raising the business index by influencing the young people who received the benefit and stakeholders who seek for rational consumption.

(3) Achievements

     1) Achievement in '20

        ① Number of social housing supplied: 12

        ② Number of households occupied: 321

     2) Cumulative Achievement

        ① Number of social housing supplied: 40 ('16~'20)

        ② Number of households occupied: 790 households ('16~'20)

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3. Daejeon Area Endangered Species Conservation Project

(1) SDGS-related items

Life_below_Water_sdgs14 Decent_Work_And_Economic_Growth_sdgs8

(2) Business Description

Hankook Tire & Technology is implementing environmental-related social contribution projects to fulfill its corporate social responsibility. In order to preserve the biodiversity of the Daejeon area where our tire production plant is located, we signed an MOU with six organizations including the Geumgang Basin Environment Agency to carry out the Daejeon Area Endangered Species Conservation Project for three years from 2018. Starting the first project in 2019, we released 1,500 black shinners, the flagpole species of Daejeon in the Yudeungcheon area, and planted 2,000 Miseon trees, a species endemic of the Korean peninsula to create habitats in the Norubol area. In the second project in 2020, we released 500 black shinners, planted 68 additional Miseon trees which were lost due to the rainy season, and also pre-planted and monitored for 15 trees each to create a habitat for the endangered wild plant, Iris ruthenica and the rare plant, Iris minutoaurea. At the same time, with two civic organizations including Daejeon Chungnam Ecological Conservation Citizens' Group and Daejeon Environmental Movement Federation, we conducted monitoring activities, educate Daejeon citizens about the endangered species, and create an ecological playground so that anyone can access and experience them more easily. With continuous interest and support for environmental preservation, we plan to carry out the planned third-year project, and we strive to establish ourselves as a representative company for environmental conservation in the local community. Daejeon is an important business area where Hankook Tire & Technology's production plant is located, so we are always interested in solving problems in the local community. With these activities, it would raise our corporate image of fulfilling our social responsibility and greatly improve our business index.

(3) Achievements

     1) Achievement in '20

        ① Number of black shinners released: 500

        ② Number of Miseon trees planted: 68

        ③ Number of Iris ruthenica planted: 15

        ④ Number of Iris minutoaurea planted: 15

     2) Cumulative Achievement

        ① Number of black shinners released: 2,000 ('19~'20)

        ② Number of Miseon trees planted: 2,068 ('19~'20)

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