ILJIN Group pursues sustainable growth with our partners
through fair business practices and mutual trust.
Shared Growth
Building a fair and transparent
business culture together
ILJIN Group is committed to growing together with our partners.
Our four fair trade practices provide a foundation for trusted business relationships.
Four Fair Trade Practices
Explore the English overviews and download the original documents in Korean.
Fair Contracting
Fair contracts that respect the value of our partners are the starting point for sustainable partnerships. Through mutual trust and open dialogue, ILJIN Group seeks to establish reasonable terms of trade and foster a culture of shared growth by faithfully honoring the commitments we make together.
- Mutual respect and open dialogue
- Reasonable and fair contract terms
- Commitments honored in good faith
View English overview
English overview of the Korean document. This is a summary, not a full translation. Refer to the downloadable original for detailed provisions.
Purpose
These practices aim to support reasonable and fair contracting, respect the negotiating autonomy of small and medium-sized suppliers, and prevent abuse of bargaining power.
Preparing for a partnership
The document covers criteria for choosing contracting methods, opportunities for prospective suppliers to submit proposals, partner relationship management, and support for suppliers.
Agreeing on clear terms
Key topics include written contracts before work begins, pricing agreed through consultation, clear delivery schedules, objective inspection criteria, payment terms, and reasonable procedures for returns and contract termination.
Fulfilling commitments
The practices address good-faith performance, consultation when terms change, and avoidance of unfair conduct such as unjustified price reductions, interference in management, and misuse of technical information.
Fair Supplier Selection
Equal opportunities and transparent standards lay the groundwork for growth with capable partners. ILJIN Group values our partners’ technical expertise and potential, and seeks to build trusted relationships through reasonable criteria and procedures. We embrace open partnerships that strengthen our collective competitiveness and create opportunities to grow together.
View English overview
English overview of the Korean document. This is a summary, not a full translation. Refer to the downloadable original for detailed provisions.
Purpose
These practices promote transparency and fairness in supplier selection and registration, and help prevent unfair treatment when starting or ending a business relationship.
Selection criteria and procedures
The document addresses disclosure of selection standards and procedures, relevant and reasonable evaluation criteria, and fair opportunities for suppliers to participate.
Communicating decisions
The practices cover notification of selection results and opportunities to raise objections, supporting clear communication with suppliers.
Supplier registration
The document also addresses fair criteria and procedures for cancellation of supplier registration, including communication of decisions and opportunities for review.
Internal Review Committee
Fair business begins with clear principles and grows stronger when we uphold them together. ILJIN Group seeks to build trust with our partners by reviewing key subcontracting matters from a balanced perspective and promoting sound, transparent decision-making. Proactive review and open communication help strengthen the foundation for mutually beneficial cooperation.
View English overview
English overview of the Korean document. This is a summary, not a full translation. Refer to the downloadable original for detailed provisions.
Purpose
These practices describe an internal review framework intended to support fair subcontracting and help prevent unfair transactions.
Committee structure and operation
The document sets out the composition and operation of an internal review committee and its role in examining relevant subcontracting matters.
Review topics
Review topics include the fairness of transaction terms and procedures, supplier registration and cancellation, and objections raised by suppliers.
Follow-up and records
The practices address corrective action where issues are identified and retention of records of committee reviews and their results.
Written Documentation and Record Retention
Clearly documenting and carefully maintaining our commitments is fundamental to a trusted business culture. ILJIN Group seeks to strengthen mutual understanding by sharing clear information about transaction terms and their fulfillment, while respecting the rights and responsibilities of both parties. Systematic documentation and record retention provide a foundation for transparent, stable partnerships.
View English overview
English overview of the Korean document. This is a summary, not a full translation. Refer to the downloadable original for detailed provisions.
Purpose
These practices support transparent subcontracting by clarifying how transaction documents are issued and retained.
Written agreements
The document covers written contracts and changes to agreed terms, including the information to be recorded, when documents should be issued, and appropriate methods of delivery.
Transaction records
Topics include documentation of price reductions, requests for technical information, receipt of deliverables, inspection results, and changes to contract amounts.
Record retention
The practices address preservation of contracts and related transaction records, including electronic records, in their original form for the period specified in the original document.