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Factbook

Economic Performance4.5

Board of Directors(BOD)

Classification 2018 2019 2020 Unit
No. of regular board meetings 4 4 4 no. of cases
No. of temporary board meetings 6 4 5 no. of cases
Total No. of board meetings 10 8 9 no. of cases
No. of agendas discussed 29 28 30 no. of cases

Board of Directors Remuneration

Classification 2018 2019 2020 Unit
Executive directors No. of persons 4 4 4 persons
Executive directors Total amount paid 2,895 1,860 2,249 KRW million
Independent directors No. of persons 5 5 5 persons
Independent directors Total amount paid 315 380 380 KRW million
Employee remuneration Median 82 81 83 KRW million
Employee remuneration Average 84 83 79 KRW million
CEO Remuneration 1,352 829 692 KRW million
Highest remuneration Remuneration received 1,352 829 692 KRW million

Economic Performance Distribution

Classification 2018 2019 2020 Unit
Distributed Amoun 139,829 141,219 113,788 KRW 100 million

Economic Performance Distribution

Classification 2018 2019 2020 Unit
Shareholders and investors 4,428 4,212 3,865 KRW 100 million
Government 1,742 387 -529 KRW 100 million
Local communities 130 115 105 KRW 100 million
Suppliers 123,812 126,908 101,175 KRW 100 million
Directors & employees 9,716 9,597 9,171 KRW 100 million

Association membership fees

Classification 2018 2019 2020 Unit
Total payments 34.5 32.5 29.7 KRW 100 million

Details of key membership fees

Classification 2018 2019 2020 Unit
Korea Iron & Steel Association 13.5 16.9 13 KRW 100 million
WSA 4.8 4.7 4.8 KRW 100 million
Korea Employers Federation 1.2 2.2 2.2 KRW 100 million
Dangjin Chamber of Commerce 2 2 1.8 KRW 100 million
Suncheon Chamber of Commerce and Industry 1 1 1 KRW 100 million
  • 1) Details of key membership fees: In accordance with the Korean Political Funds Act and Ethical Management Principles of Hyundai Steel, donation or support for political purposes using company assets or the company budget is strictly prohibited. There were no cases of political funding in 2019

R&D Investment Cost

Classification 2018 2019 2020 Unit
Investment cost 119,120 136,250 142,536 KRW 1 million
R&D expense to sales ratio 0.6 0.7 0.8 %

Suppliers

Classification 2018 2019 2020 Unit
Total number of suppliers 2,449 2,482 2,469 Number of companies
Number of key suppliers 336 327 451 Number of companies
Total purchase amount of suppliers 123,042 126,070 100,100 KRW 100 million
Purchase amount of key suppliers 72,106 78,982 66,567 KRW 100 million
  • 1) Number of key suppliers: Classified as key supplier if purchase value by product exceeds certain threshold

Status of Mutual Growth Support

Classification 2018 2019 2020 Unit
Direct support Management funding 220.82 336.48 341.74 KRW 100 million
Indirect support Network loans 147.14 99.14 91.46 KRW 100 million
Mixed support Mutual growth fund operations 400 400 600 KRW 100 million
Special support Investment contributions 2 2 3 KRW 100 million
Total s s s KRW 100 million
  • 1) Status of Mutual Growth Support: Cash settlement ratio for SMEs suppliers: 100% of cash and 60 days issuance

Purchase Amount from Suppliers

Classification 2018 2019 2020 Unit
Specific details of major materials Amount N/A 94,121 76,516 KRW 100 million
Specific details of major materials Share of purchase from suppliers N/A 75 76 %
Others Amount N/A 31,949 23,584 KRW 100 million
Others Share of purchase from suppliers N/A 25 24 %
Total Amount N/A 126,070 100,100 KRW 100 million
Total Share of purchase from suppliers N/A 100 100 %

Status of Customer Satisfaction

Classification 2018 2019 2020 Unit
Customer Satisfaction score 65.6 78.7 79.1 points

Anti-corruption & Competition practices

Classification 2018 2019 2020 Unit
Anti-competition fines 256 392 0 KRW 100 million
Anti-corruption and bribery cases 0 0 0 cases
  • 1) Anti-corruption & Competition practices: Retrospective application based on point of payment
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