Hanil Cement has begun expanding coexistence management programs by implementing the "Naeil Chaeum Mutual Aid" to help partner companies procure human resources. On June 10, Hanil Cement held the "Coexistence Cooperation and Mutual Growth Agreement Ceremony" through coexistence cooperation-type Naeil Chaeum Mutual Aid at its headquarters together with the Korea SMEs and Startups Agency and the Large, Medium, and Small Enterprise Agricultural and Fisheries Cooperation Foundation.

The coexistence cooperation-type Naeil Chaeum Mutual Aid is a program wherein the supervising company accumulates mutual aid money together with laborers for five years and, upon maturation, adds compounding interest to pay to the laborer. This is highlighted by the fact that the supervising company supports mutual aid money accumulated by the partner company. Through this program, Hanil Cement plans to provide funding of up to 1.9 billion KRW to about 100 workers of partner companies and also intends to increase support so that more laborers can receive benefits in the future.

Other win-win management initiatives of Hanil Cement are ongoing. It has been operating an 11 billion KRW coexistence cooperation fund to allow partner companies to take out loans at low interest rates since 2014, and it is operating an oil price-linked system that adjusts the subcontracting amounts when there are changes in the oil price. It also offers rewards to outstanding partners and shoulders the additional subcontracting expenses to share its business performance, while also providing consulting services for specialized fields such as labor affairs, as part of Hanil Cement’s efforts for win-win management. This year, it will also earmark a budget of over 1.4 billion KRW to invest in zero-accident workplaces so that partner companies will not be excluded from safe working environments.

“Mutual growth with partner companies is an important issue that corresponds to social responsibility, which is a core value of ESG management. Just as we were the first to implement the coexistence cooperation-type Naeil Chaeum Mutual Aid for the first time in the cement industry, we will continue to lead the corporate culture of coexistence,” CEO Jeon Gun-sik said.