Co-prosperity management
- Purchasing policy
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Hanwha Vision to has been committed to the pursuit of endless innovation and the spirit of challenge. Through global purchasing power and mutually beneficial management with partners, we will achieve fair purchasing practices, which lead to the world’s best products and services.
- Conflict minerals
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To fulfill the company’s social responsibilities, Hanwha Vision will not purchase materials originated from disputing countries. Meanwhile, It will provide partners with training and advertisements to consistently spread policies on the prohibition of the use of materials from disputing countries.
※ With the excavation of industrial materials from about 10 African countries such as the republic of Congo, Rwanda, and Sudan, human trafficking and environmental destructions are occurring. The sales profits have been used for purchasing weapons. Thus, the US government had proclaimed a detailed plan to prohibit use of minerals from such disputing countries. Also, the EU has been trying to legislate on such trade. In a fair response to such global trends, Hanwha Vision had determined not to use the four main minerals (gold, tungsten, tantalum, and tin) from such disputing countries.
- Comply with
fair trade act -
To abide by the Subcontractor Acts, Hanwha Vision has introduced and operated four guidelines of fair trade enacted by the Fair Trade Commission.
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Guidelines for signing contracts
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Vendor selection and management
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Install and manage internal review board for subcontractor trade
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Document issuance and preservation
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- Supply chain selection and assessment
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As a partner for success, Hanwha Vision selects and manages vendors acccording to transparent and fair standards. We designate purchasing, quality/technology, and compliance management as required fields for evaluation to respond to social responsibility issues.
- Assessment of newly registered
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– Register potential vendors
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– Conduct screening for qualification and registery
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– Credit assessment through credit rating agencies
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- Regular evaluation
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– Quality evaluation, technology evaluation, purchasing evaluation, performance evaluation
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– Compliance breaches
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– AEO certification, mutual growth awards, etc
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- Management of evaluation results
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– Notify the results and request measures for improvement
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– Monitor completion of improvement
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- Supply chain risk management
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Ethics management pledge
As a partner for success, Hanwha Vision selects and manages vendors acccording to transparent and fair standards. We designate purchasing, quality/technology, and compliance management as required fields for evaluation to respond to social responsibility issues.
Code of ethics for purchasing
Based on clean organizational culture, purchasers at Hanwha Vision constantly create new values, conduct mutual purchase with vendors as business partners, comply with agreements and regulations, and promote fair purchase.
- Standards for cash settlement
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At Hanwha Vision, cash settlements are made three times each month to generate positive cash flow in suppliers.
This is a table about the Standards for cash settlement Date Date of the tax invoice issuance 10th 21st to 30th of the previous month 20th 1st to 10th of the current month 30th 11th to 20th of the current month
Create corporate ecosystem that goes further together
Building a roadmap for mutual growth, Hanwha Vision is committed to creating ‘a corporate ecosystem that goes further together’ through ‘Establishing the foundation for mutual growth’ → ‘Enhancing the competitiveness of suppliers’ → ‘Advancing sustainable growth.’ To strengthen the competitiveness of our suppliers, we operate Co-Work Plaza and involve our secondary and teritary suppliers into our mutual growth programs.
- Mutual growth
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Lay a foundation for mutual growth
- Establish systems for fair trade/ subcontractors
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- –Settle company-wide culture of fair trade
- Discover creative support programs
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- –Encourage domestication and active trade among vendors
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Enhance the competitiveness of suppliers
- Secure the competitiveness in best quality
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- –Operate Co-Work Plaza
- –Sharing business expertise of mother company
- –Nurture top class quality/ technology
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Advance sustainable growth
- Expand and enhance mutual growth
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- –Strengthen the market for vendors
- –Increase support for secondary and teritary suppliers
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- Mutual growth policy
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To fulfill the company’s social responsibilities, Hanwha Vision will not purchase materials originated from disputing countries. Meanwhile, It will provide partners with training and advertisements to consistently spread policies on the prohibition of the use of materials from disputing countries.
Hanwha Vision is always opening doors
to suppliers for mutual growth.
AEO management introduction
As a global manufacturer and import∙export company of surveillance devices, we have acquired the AEO certificate to provide secure and quality products and services for customers at home and abroad.
- AEO management policy
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AEO management policy
As an Authorized Economic Operator, Hanwha Vision is committed to complying with customs administration laws and fulfilling requirements as an AEO in order to participate in global logistics management norms. We strive to enhance the competitiveness in import∙export by maintaining effective internal control system and financial soundness and securing human, material, and safety management to keep and manage the status as a qualified trading company.
- Compliance with laws and regulations and satisfy safety management standards in import and export
- Establish goals for compliance and safety management with regular inspections
- Achieve AEO management goals by constantly improving compliance and safety management
- Contribute to improving compliance and safety management through active communication and information sharing among organizations as well as close cooperation with suppliers
February 28, 2020Soonhong Ahn, President & CEO at Hanwha Vision
- Significance of strategic materials export management
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- Declaration on the implementation of autonomous strategic materials export management
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Hanwha Vision hereby declares that it shall implement autonomous export management of strategic materials according to the following principles so as to contribute to international security and global peace with the aim of boosting its corporate credibility and enhancing its sustainable management activities:
- First, the management and our employees shall remain keenly aware that complying with export management of strategic materials is crucial in fulfilling corporate responsibility to promote internaional security and global peace.
- Second, we shall establish necessary organizations and systems within the company to autonomously manage strategic materials.
- Third, we shall actively cooperate with the government’s policy on export management of strategic materials and do our best to prevent the occurrence of any illegal activities including the illegal export of strategic items.