Hyundai Marine & Fire Insurance announced on the 20th that its subsidiary Hyundai Hi-Car Loss Assessment and Tibeolcon have signed a Memorandum of Understanding (MOU) to establish a proper restoration repair culture and cooperate on social contribution activities.
Hyundai Hi-Car Loss Assessment is a leading domestic automobile accident loss assessment specialist company established in 1990.
Representatives from Hyundai Hi-Car Loss Assessment and T-Bullcon are taking a commemorative photo. Photo by Hyundai Marine & Fire Insurance
Tibeolcon is a company specializing in the restoration repair of automobile wheels and headlamps. Since its establishment in 2016, it has built two directly managed centers nationwide and over 30 network channels. It holds numerous patents related to restoration repair.
Through this agreement, both companies plan to cooperate on ▲ revitalizing automobile parts restoration repair ▲ exchanging information for technological innovation in restoration repair ▲ promoting consumer awareness improvement regarding restoration repair. They also plan to create a joint social contribution fund with 2% of the amount from restoration repair cases to practice social sharing.
Lee Jae-yeol, CEO of Hyundai Hi-Car Loss Assessment, said, "Through cooperation with Tibeolcon, we expect to practice ESG (Environmental, Social, and Governance) management and enhance consumer trust in the automobile restoration repair field."
Lee Yong-tae, CEO of Tibeolcon, said, "We will strive to spread a proper restoration repair culture and become a company that fulfills social responsibility together with Hyundai Hi-Car Loss Assessment."
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