Hanwha Corporation E&C Division believes in mutually beneficial partnerships engaging in fair and transparent business practices, open communications and various cooperative programs. And in partnerships, as we do in all our business activities, we believe that to Trust and Loyalty, our core values, are vital to collaboration.
Keys to a Mutually Beneficial Partnership
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Foster an
ethical
business
culture -
Strengthen
communication
with partner
companies -
Help partner
companies
help
themselves
Foster an ethical business culture
- Fair Business Practice Agreement
- We signed an agreement with our Partners to engage only in fair business practices as part of our organization-wide efforts to foster an ethical business culture for a mutually beneficial partnership and growth.
- Adopted KFTC’s 4 Major Mandates
- Hanwha Corporation E&C Division has adopted 4 important mandates set by the Korea Fair Trade Commission (KFTC) in 2007. They are now part of our standard practices reflected in the company regulations and daily operations.
- Use Standard Contract for Subcontracting
- Use Korea Fair Trade Commission’s standard contracts for subcontracting in the construction sector.
- Adhere to a Code of Ethics and Conduct
- Our employees have the obligation to uphold our reputation by abiding to the highest standards in honesty and integrity. This means adhering to a code of ethics and conduct and strictly complying to relevant laws and regulations.
Strengthen communication with partner companies
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Best Partner Award
- Reward and incentivize outstanding partner companies.
- Promote meetings to increase communications under the Group’s management values of ‘Go Further Together’
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Engaged CEO
Hanwha Corporation E&C Division’s CEO will directly meet with the project team on-site to quickly and decisively resolve any issues, eliminating any potential problems early on, and providing a one-stop solution for partner companies.
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Strengthen communications with the partner
Overcommunicate, establish a regular cadence to meet, increase information- sharing, exchange ideas & successful tactics for growth, and use honesty and trust as influencers with partners.
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External Events
Partner company employees are invited to mountain hiking activities and other events as part of the effort to encourage engagement and provide opportunity to meet outside the office. Employees learn Hanwha’s management values that they can ‘Go Further Together’
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Eagles Baseball
Employees from Hanwha Corporation E&C Division and partner companies attend baseball games and cheer on the Hanwha sponsored Eagles Baseball team to partake in the ‘One Team, One Goal’ spirit.
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Hanwha Classic Symphony Festival
Partner company employees and families are invited to the Hanwha Classic Symphony Festival, Korea’s most renowned classic music event of the year.
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Support Communities, Strengthening Partnerships
Hanwha Corporation E&C Division has historically supported various sports activities, cultural exhibitions and performances that met the needs and interests of communities. At the same time, these activities provided an outlet for employees on all sides to meet outside of work collaboratively while strengthening reciprocity in our relationship with partners.
Partner company support
Financial support
Hanwha Corporation E&C Division offers financial support programs for partner companies who require operating funds.
- Direct support Win-win Loans
- Hanwha Corporation E&C Division direct loan to outstanding partner companies to be used as operating funds.
- Mixed support Syndicated Loan
- Financial support in the form of a loan from both Hanwha Corporation E&C Division and a bank.
- Indirect support Unsecured Loan
- Funding based on Hanwha’s relationship with partner and transaction history. This loan is provisioned by a bank.
- Special support Guaranteed Line of Credit
- Line of Credit backed by Hanwha Corporation E&C Division to ensure a low rate, higher borrowing limit, and better terms.
Other Support
- Joint government
R&D projects - Global Market
entry support - Business Consulting
- Job Fair &
Career Support - Education & Training
- Bid filtering system
- Performance bond
fee waiver - Business
consultation day