Hyundai Wia said it held its “2026 Partnership Day” on March 6-7 at Haevichi Hotel & Resort in Seogwipo on Jeju Island, where it shared its business strategy and vision with suppliers.
The event brought together 123 key suppliers to discuss ways to pursue sustainable shared growth. Hyundai Wia holds the gathering each year in early January on Jeju Island.
This year’s theme was “Our journey together creates a bigger future.” CEO Kwon Oh-sung said, “The foundation of Hyundai Wia’s 50-year history has been our suppliers,” adding that they are “true partners” who go beyond transactions to think through technology, overcome crises and share results.
Hyundai Wia said it will work with suppliers to strengthen technology leadership, including collaborating from the product planning stage and jointly pursuing development and cost innovation for mass production.
The company also said it will accelerate digital transformation using artificial intelligence to shorten development timelines and prevent potential mistakes in production and quality processes.
To support suppliers’ AI adoption and technical capabilities, Hyundai Wia said it will expand training support by using Hyundai Motor Group’s Global Shared Growth Cooperation Center to provide practical education that can be applied on the job. At the event, it hosted an AI lecture by Park Hee-jun, a professor in Yonsei University’s industrial engineering department, to help suppliers strengthen AI and digital transformation skills.
Hyundai Wia said it will expand shared-growth programs, including offering low-interest loans to suppliers through a 68 billion won fund. It said it will pay all amounts in cash to small and midsize suppliers with annual sales under 100 billion won and will make holiday payments early. The company also said it will strengthen support for suppliers’ safety management.
Hyundai Wia said it will also help suppliers expand sales channels by supporting participation costs for overseas exhibitions and covering expenses for obtaining Korea Customs Service’s Authorized Economic Operator certification to strengthen import-export operations.
A Hyundai Wia official said the company’s 50th anniversary this year was possible thanks to its suppliers, adding that it will “open the next 100 years” through shared growth with partners.
* This article has been translated by AI.
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