Joint declaration to expand win-win cooperation in the automobile industry

Hyundai Motor Company and Kia held a 'Joint Declaration Ceremony to Expand Win-Win Cooperation in the Automotive Industry' at the Hyundai Motor Group Global Partnership Center (GPC) located in Gyeongju-si, Gyeongbuk on Monday the 20th.

Hyundai Motors and Kia will form a 'win-win council' in which the government, experts, and representatives of partner companies participate, and devise practical measures to enhance the expertise and productivity of partners, such as recruiting skilled workers, promoting employee welfare, and strengthening industrial safety. plan. In addition, through the 'Win-Win Council', we plan to expand the scope of support from existing 1st tier partners to 2nd and 3rd tier small and medium-sized partners while seeking sustainable and broad support measures rather than one-time support.
< br>Hyundai Motors and Kia will go through a process of discovering agendas and collecting opinions, including holding meetings with partners with the government and experts and visiting partner companies' sites starting from the end of November. Through this, specific cooperation plans will be prepared by the first quarter of 2024 and a 'win-win cooperation practice agreement' will be concluded in the future.

The government will support the industry's voluntary efforts and implementation of the practice agreement. We actively support all matters necessary to create a virtuous cycle in the automobile industry that leads to growth, employment, and welfare.

At the event, Lee Jeong-sik, Minister of Employment and Labor, and Lee Dong-seok, CEO of Hyundai Motor Company, attended the event. Experts including Choi Jun-young, CEO of Kia, Seong-jun Moon, Chairman of the Hyundai Motors-Kia Cooperation Association, and Director Lee Hang-gu of the Automotive Convergence Technology Institute, who chaired the newly launched 'Win-Win Council', attended.

Jeong-sik Lee The Minister of Employment and Labor promised, “The government will spare no effort in providing support so that the win-win model between Hyundai Motor Company, Kia Motors and its partners can spread beyond the industry as a whole and at the company, region, and industry level.”

Hyundai Motors CEO Lee Dong-seok said, “It took the efforts of Hyundai Motors and Kia executives and employees to grow Hyundai Motors and Kia into the global top 3 today, but at the foundation of that, there were partners who silently worked together,” adding, “Workers in the automobile industry “Based on stable welfare, we will create true companionship so that you can work comfortably in a safe workplace.”

Kia CEO Choi Jun-young said, “We will provide perfect quality cars based on a stable supply chain.” “In order to produce, shared growth and win-win cooperation with partners is not an option but a necessity,” he said. “We will actively support our partners to resolve the most difficult issues through this win-win council.”