HYUNDAI STEEL SustainabilityIntegrated Report

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  • 4.4 Social Performance

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Social Performance4.4

Social Contribution Performance

Classification 2018 2019 2020 Unit
Social contribution investment 12,994 11,519 10,541 KRW Million
Service input costs 2,652 1,072 207 KRW Million
Service input costs 2 2 50 KRW Million
Employee participation fund 406 390 361 KRW Million
Participation rate (%) 97 93 12 %
Participation hours 80,374 52,665 4,149 hr
  • 1) Service input costs: Service hours × Employee average hourly wage (excluding weekends)

Talent Development

Classification 2018 2019 2020 Unit
Total training hours 424,469 333,324 199,437 Hours
Total training investment 6,558 5,053 3,587 KRW Million
Male Total training hours 405,064 319,217 186,726 Hours
Male Number of employees 11,187 11,172 11,139 No. of Trainees
Male Average training hours 36.2 28.6 16.8 Hours
Female Total training hours 19,405 14,107 12,711 Hours
Female Number of employees 365 402 405 No. of Trainees
Female Average training hours 53.2 35.1 31.4 Hours

Employee Statistics

Classification 2018 2019 2020 Unit
No. of total employees No. of total employees 11,552 11,574 11,544 person
Gender Male 11,187 11,172 11,139 person
Gender Female 365 402 405 person
Work type General 3,355 3,364 3,261 person
Work type Technical 7,815 7,785 7,773 person
Work type Others 382 415 510 person
Employment type Regular 11,274 11,250 11,169 person
Employment type Contract 278 314 375 person
Minority People with disabilities 272 253 246 person
Minority Foreigners 6 7 7 person
Minority Veterans 346 345 334 person
Age 30 or younger 2,176 1,594 1,608 person
Age 31~40 4,613 4,756 4,729 person
Age 41 ~ 50 2,728 2,813 2,800 person
Age 51 ~ 54 937 1,104 1,092 person
Age 55 or older 1,098 1,297 1,315 person
No. of recruits Total 688 401 340 person
Turnover rate Turnover rate 5 3.7 3.2 %
  • 1) No. of total employees: Excluding recruits of overseas offices : China (497), US (236), Europe (230), Others (263)
  • 2) The ratio of female employees in the Company is 3.5%, and the target for 2022 (3.5%) was achieved.
    - Ratio of women by position/division among all employees
    Category Management position Junior management position Top management position Sales division STEM division
    As-is 8.1% 16.6% 11% 14.6% 9.3%
    To-be (target year) 8.5%
    (2025)    		 17.6%
    (2025)    		 11%
    (2021)    		 15.7%
    (2025)    		 10%
    (2025)
  • 3) Status of employees by employment type: excluding in-house suppliers
  • 4) There are seven foreign employees(management position, domestic) as of 2020 : China(0.1%), US(0.03%) and Spain(0.01%).
  • 5) The number of hires decreased relatively, as we filled open positions with internal candidates(52% in 2018, 60% in 2019, 80% in 2020).
  • 6) The voluntary turnover rate has remained below 2% every year.

Employee engagement

Classification 2018 2019 2020 Unit
Engagement 56.9 57.3 59.2 points
Participation 85 67 73.9 %
  • 1) Engagement points calculation method: Modified as of 2018 (assessment items and standards)

Retirement Pension

Classification 2018 2019 2020 Unit
Deposit 598,585 698,070 736,188 KRW Million
Pension holders 11,439 11,013 11,461 Persons
  • 1) Retirement Pension: 100% of total employees

Start-up Support Program

Classification 2018 2019 2020 Unit
Support for small and medium-sized steel startups No. of Supported Companies N/A 2 4 companies
Support for small and medium-sized steel startups Support amount N/A 757 2,815 KRW Million
Support for social ventures to recycle coffee grounds No. of Supported Companies N/A 5 4 companies
Support for social ventures to recycle coffee grounds Support amount N/A 100 46 KRW Million
  • 1) Support for small and medium-sized steel startups : Support provided to steel companies within 7 years of their establishment, as recognized by the Korea Commission for Corporate Partnership

Parental Leave

Classification 2018 2019 2020 Unit
Parental leave 69 77 102 Persons
Parental leave returns 45 83 89 Persons
Worked for 12 months or longer upon return 42 36 8 Persons

Union participation rate

Classification 2018 2019 2020 Unit
Participation rate 70 70 70 %

Violations of company regulations and measures taken

Classification 2018 2019 2020 Unit
Ethics management Warning 0 3 0 no. of cases
Ethics management Discipline 1 5 4 no. of cases
Information security Warning 0 1 3 no. of cases
Information security Discipline 0 1 0 no. of cases
Behavioral guidelines Warning 1 0 3 no. of cases
Behavioral guidelines Discipline 6 1 2 no. of cases
Sexual harassment/ Harassment in the workplace Warning 0 0 5 no. of cases
Sexual harassment/ Harassment in the workplace Discipline 1 0 2 no. of cases
  • 1) Hyundai Steel advocates a zero tolerance policy towards executives and employees who violate laws and our code of ethics
  • 2) Over the past three years, there has been one case of dismissal due to a violation of the code of ethics(2018)

Lost-Time Injury Frequency Rate

Classification 2018 2019 2020 Unit
Fatalities Employee 0 0 1 Persons
Fatalities Contractors 2 2 1 Persons
Fatalities Total 2 2 2 Persons
Lost-Time Injury Frequency Rate Employee 3.81 3.86 3.28 %
Lost-Time Injury Frequency Rate Contractors 3.07 3.6 2.82 %
Lost-Time Injury Frequency Rate Total 3.38 3.72 3.01 %
  • 1) Lost-Time Injury Frequency Rate: Some data were changed in accordance with the standards outlined in the Occupational Safety and Health Act1)
  • 2) LTIFR(Lost-Time Injury Frequency Rate): An indicator of the frequency of occurrence of industrial accidents, the number of disasters per million working hours (Calculation formula: number of industrial accidents counted by Ministry of Employment and Labor (MOEL) / working hours × million hours)

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