Hyundai Transys Holds Partnership Growth Achievement Sharing Meeting

Hyundai Transys strengthened its win-win management by sharing the achievements of mutual growth with its partners.

Hyundai Transys announced on the 5th that it held the '2024 Mutual Growth Performance Sharing Meeting' on the 3rd at Sono Belle Cheonan in Cheonan, Chungnam.

The Mutual Growth Performance Sharing Meeting is an event where Hyundai Transys executives and employees, along with mutual growth managers from about 100 partner companies, gather to share the results of the mutual growth programs operated throughout the year and jointly establish plans for the following year.

At the meeting, Hyundai Transys shared the achievements of the partner support program 'PARTNer,' based on five key execution tasks: ▲Progress (support for corporate development) ▲Assistance (support for corporate sustainability) ▲Reinforcement (capacity building support) ▲Technology (technical support) ▲Network (establishment of communication channels).

Hyundai Transys Partner Company Win-Win Growth Performance Sharing Meeting. Photo by Hyundai Transys

Since 2020, Hyundai Transys has been helping its partners explore overseas markets through various programs linked to the government-led large and small business joint entry support project, including online purchasing consultations, support for participation in overseas exhibitions, and support for localization costs abroad.

This year, in October, Hyundai Transys supported the booth participation of eight partner companies at the 'Nagoya International Automotive Parts Exhibition' in Japan. The purchase consultation amount conducted over three days between Hyundai Transys partners and major Japanese manufacturers such as Toyota and Aisin reached 600 billion KRW.

In November, Hyundai Transys supported a purchasing consultation meeting between 13 partner companies and local buyers in Bengaluru, India. They also arranged visits to Hyundai Transys AP Corporation and Kia India Corporation, providing partners with opportunities to acquire know-how related to entering the Indian market and resolve their inquiries.

Hyundai Transys plans to actively reflect the opinions of partner companies gathered at this sharing meeting to strengthen the mutual growth program in 2025. They will increase autonomous process improvement support that can assist partners on-site, provide customized education for each partner, and expand buyer matching programs to develop overseas sales channels and increase sales.

Hyundai Transys was recognized for its efforts in mutual growth and win-win cooperation with partners by receiving the highest grade for 10 consecutive years in the mutual growth index evaluation hosted by the Mutual Growth Committee in October, becoming the first in the automotive parts industry to achieve this.