Hyundai AutoEver, 'Win-Win Management'... "Early Payment of 64 Billion KRW"

[Asia Economy Reporter Hyunseok Yoo] Hyundai AutoEver announced on the 12th that it plans to advance the payment date of 64 billion KRW in transaction payments to its partners ahead of the Lunar New Year holiday to alleviate their financial burden.

The early payment target is the subcontract transaction payments Hyundai AutoEver purchased in December last year, totaling 64 billion KRW. Hyundai AutoEver expects that this early payment will ease the financial burden of small and medium-sized partners who face increased cash demand before the holiday. Partners can receive payments up to two weeks earlier than the scheduled payment date.

Hyundai AutoEver also made early payments of approximately 95 billion KRW in transaction payments during the Lunar New Year and Chuseok holidays in 2022.

Hyundai AutoEver emphasized, "We hope to provide some help to small and medium-sized partners amid the difficult economic situation," adding, "Under Hyundai Motor Group's social responsibility message as a right move toward a sustainable future, we will continue to consider and promote various ways to coexist with our partners."

Meanwhile, Hyundai AutoEver has conducted financial, educational, management, and technical programs necessary for long-term growth to help partners operate their businesses stably. They have implemented ESG specialized consulting programs in management, HR, and labor, provided coding education for the children of partner company employees, and made various efforts such as doubling the co-prosperity fund.

Due to these continuous efforts to pursue win-win management, Hyundai AutoEver was recognized and received the Minister of Environment Award in the Information and Communication Technology category at the ‘2022 Korea ESG Company of the Year Awards’.