Hyundai-Kia to extend financial support to suppliers
To increase the beneficiaries of existing financial benefits to some 5,000 entities from this year.
Hyundai-Kia group is to extend financial support to its suppliers and subcontractors to help them ride out difficult economic conditions in the coming months, reports the Korea Herald. Consequently, the automaker duo has decided to increase the beneficiaries of existing financial benefits from the current 300 suppliers to 5,000 or so subcontractors from this year. The group will also allow more subcontractors to benefit from its support programmes and step up efforts to reduce unfair trade practices.
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