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Suppliers

Hankook Tire aims for win-win business management solutions with its subcontractors based on transparent and fair cooperation that can give rise to sustainable growth and development.

Hankook Tire aims for win-win business management solutions with its subcontractors based on transparent and fair cooperation that can give rise to sustainable growth and development.

Key Achievements

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Background

Failures in sustainable growth of suppliers can bring about risks in our plant operation and tire production, which leads to cost rise and damages to corporate reputation. Hankook Tire recognizes that suppliers’ sustainable growth is inevitable to ensuring our corporate competitiveness in the long-term. Therefore, we are making a concerted effort to share the value of win-win growth with them and stably manage entire supply chain by building a solid partnership

Risk & Opportunities

If stable procurement of materials and supply-demand control cannot be ensured due to inadequate CSR management of suppliers, deterioration of corporate competitiveness would be inevitable. In other words, securing suppliers that properly manage CSR issues will lead to higher production efficiency and strong market competitiveness. Ultimately, this will increase the reliability of the company's products and contribute to generating long-term business outcomes.

Management Direction

Hankook Tire pursues co-prosperity with its suppliers on the basis of transparent and fair relationships. To this end, Hankook Tire supports suppliers with policies to make them secure stable and long-term competitiveness, and monitors and manages supply chain risks through constant CSR assessment.

Responsible Organization

Supplier Committee
• Chaired by: Purchasing Department Director
• Supervised by: Purchasing Planning Team
• Members: CSR Team, Purchasing Team 1 & 2, Raw Material Development Team, Global Quality Assurance Team, Engineering-related Team

Plans & Outlooks

We will gradually place more importance on suppliers’ CSR assessment and strengthen monitoring of their CSR activities through on-site CSR audit. We also plan to benchmark leading companies to establish our green procurement system. As the prices of butadiene, main material of synthetic rubber, and coal, material of chemical products, are expected to be fluctuated in the long-term, we will expand our support to raw material suppliers to ensure the stability of their business operation.

 

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