HR and Employee Benefits

The HR system

We discontinued using the 5-level system to create a horizontal and flexible culture. We adopted the 2-level system. The naming for each level system differs only in terms of the responsibility and authority, not meaning superior-subordinate relationships.

Pro Manager

The evaluation

All our executives/employees establish the annual target at the beginning of every year. We offer feedback in the mid-term evaluation to enable all to succeed in achieving their goals. Via the fair and reasonable evaluation based on the individual achievement and capability, we offer an opportunity to grow into a global talent.

Set goals Review them mid-term Conduct the final evaluation

The compensation system

We operate the salary system with the combination of the starting salary system by level and cumulative annual salary system. We refined the system based on the new job ranking system (“Pro” and “Manager”) by introducing the benefits for team leaders.

Under the principle of “Pay by Performance,” we pay a bonus depending on the annual work performance to properly compensate our executives/employees based on their achievements.

The employee benefits system

Support for self-development expenses

We operate various onsite foreign language programs (English, Chinese, Japanese, etc.). and online programs (foreign languages, certificates, and E-MBA).

Support for corporate housing

We support corporate housing to our workers for whom the company location is not their residence.

Operation of the commuter bus

We operate commuter buses to enable our employees/executives to commute efficiently.

Support for transportation costs

We support transportation fees for our executives/employees who do their job while living alone without family.

Support for family events

We support in the form of money, wreaths, and leave for celebratory or mournful family events in seeking to congratulate or offer condolences to our executives/employees. We also support goods suitable for the funeral service.

Support for newspaper subscriptions

We support newspaper subscriptions for the benefit of our executives/employees in obtaining the latest news and information.

Operation of free campsites

We operate free campsites located on the riverside of the South Han River and a natural turf field to offer a place for our executives/employees to enjoy their leisure time.

Support for refresh

We support condo fees and vacation expenses to help our executives/employees refresh.

Support for company club activities

We encourage our executives/employees to enjoy their leisure time and increase good fellowship via various club activities.

Support for the tickets for the professional basketball league

We support the tickets for the Busan KCC Egis Pro Basketball Club.

Support for the use of the Matina Lounge service in the Incheon International Airport (ICN) for free

We support our executives/employees to use the service for a business trip or vacation.

Support for child tuition

We support tuition for the children (in high school or higher education) of our executives/employees to lessen their economic burden for the children's education.

Support for housing loans

We support housing loans at a long term low interest rate for non-homeowners for a stable household economy.

Support for the stability fund loans

We support those struggling with making a living in the form of repaying a part of their loans.

Operation of a retirement pension plan

We have introduced and operated the plan to help our executives/employees better prepare for their later years.

Support for medical expenses

We lessen the psychological/economic burdens of our executives/employees by supporting the medical expenses of themselves, their spouses, and children.

Operation of the fitness center

We operate the fitness center, a swimming pool, and a soccer field to enhance the health of our executives/employees.

Operation of checkups

We carry out regular checkups to maintain the health of our executives and employees.

Discounts on buying Hyundai and Kia cars

We offer discounts on buying new Hyundai/Kia cars.

Operation of the benefit point system

We offer benefit points so that our executives/employees can use it freely at the affiliate benefit mall.

The cultivation of outstanding talents

Nurture key leaders

The cultivation of the knowledge of developing the KCC’s core values and capabilities

Domestic/overseas academic training/MBA programs
Domestic/overseas job training programs

Uncover outstanding talents

The training of problem-solving and communication capabilities to be capable of achieving results

Share core values
Leadership capabilities
Job/common capabilities

Cultivate global talents

The training of cultivating global leaders who can lead the global business

Foreign language programs
Global business capabilities

Major laws /regulations	Major details and guidelines
Fair Trade Act	The prohibition of unfair trade practices: One shall not use one’s superior position in trade to give disadvantages to the suppliers(Refusal of transaction, discriminatory treatment, forced trade, abuse of dominant position, constraint trade and the act of maintaining the resale price). The prohibition of abusing one’s dominant position in the market: In case of a dominant market player, one shall neither determine, maintain or change the price or payment for the services unfairly nor interfere in the business activities of another business or the entrance of a new competitor. One shall neither do trades to unfairly eliminate the competitors nor behave in a way that may harm the interests of the consumers. The prohibition of unfair common action(collusion): One shall not agree on the matters of restricting the competition such as restricting the competitor, price, production/sales quantity, trading area/opposite party, etc. One shall not exchange sensitive information that may have an impact on these matters directly or indirectly. The prohibition of an unfair common action(bid rigging): In the bidding process, one shall not discuss/agree on a prospective successful bidder and the bidding price with another party prior to the bidding. One shall not share the bidding information with the competitors. The control of suppressing the concentration of the economic power: One shall avoid unfair internal transactions among affiliates. In case of performing internal transactions, one shall obtain the approval of the Sustainability Management Committee in advance.
Subcontracting Act	One shall comply with the duty to prepare, issue and preserve the agreement. One shall perform an unfair decision on the pricing, delayed payment, unfair terms, unfair reductions, unfair order cancellation, unfair refusal of receipt, and unfair return. One shall not request one’s suppliers to provide the technical data. If necessary, the confidentiality agreement shall be concluded, and the data shall not be used for other purposes not stated in the agreement.
FAIR AGENCY TRANSACTIONS ACT	One shall observe the duty to prepare, issue and preserve the agreement. One shall not conduct forcing purchase, profit and sales targets, inflicting disadvantages, or interfering with management activities.
Other laws	One shall observe the duties and prohibited matters to be implemented by business in compliance with the Act on the Regulation of Terms & Conditions, Act on Fair Labeling & Advertising, Framework Act on Consumers, and Product Liability Act.

Purpose			Wall						Beam/pole	Floor	Roof/roof truss
Purpose			Exterior wall			Interior wall
Classification	Size story/ maximum height (m)		Bearing wall	Non-bearing wall		Bearing wall	Non-bearing wall
Classification	Size story/ maximum height (m)		Bearing wall	Concern for combustion	No concern for combustion	Bearing wall	Partition wall	Shaft-seal compartment wall
General facilities	12/50	above	3	1	1/2	3	2	2	3	2	1
	12/50	or below	2	1	1/2	2	1.5	1.5	2	2	1/2
	4/20 or below		1	1	1/2	1	1	1	1	1	1/2
Residential facilities	12/50	above	2	1	1/2	2	2	2	3	2	1
	12/50	or below	2	1	1/2	2	1	1	2	2	1/2
	4/20 or below		1	1	1/2	1	1	1	1	1	1/2
Industrial facilities	12/50	above	2	1.5	1/2	2	1.5	1.5	3	2	1
	12/50	or below	2	1	1/2	2	1	1	2	2	1/2
	4/20 or below		1	1	1/2	1	1	1	1	1	1/2

Grade	Grade standard (Rw+C)
1^st	63dB ≤ Rw+C and boundary walls not shared between households
2^st	58dB ≤ Rw+C < 63dB
3^st	53dB ≤ Rw+C < 58dB
4^st	48dB ≤ Rw+C < 53dB

Walls	Absorbers (Glass Wool, Mineral Wool)	Increase the density of a gypsum board	Increase the thickness of a stud and gypsum board	Use T-Silent-Stud System
Block the sound path by separating studs from each other.		Regular Gypsum Board< Perforated Sound Absorption Board
Around 10dB is reduced.	About 6dB is reduced.	About 2-3dB is reduced.	About 2-3dB is reduced.	About 7-15dB is reduced.

Levels	Awareness level
1dB	Felt no change
3dB	Felt a change
5dB	Surely felt changes
10dB	2 times greater changes are felt
20dB	4 times greater changes are felt

The impact of noise on the human body
Noise	Noise source	Impact on the human body
30dB	Wall clock ticking sound	Comfortable
35dB	Quiet park	Have almost no impact on sleep
50dB	Quiet office	Breathing and pulse rate increased; sleep quality is degraded
70dB	Phone bell ring	Hearing loss is started
90dB	Factory noise	Urine volume increased; had hearing loss

HR and Employee Benefits