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Hyundai Motor and Kia to Support Suppliers in Meeting Greenhouse Gas Regulations… Public-Private Memorandum of Understanding Signed

Hyundai Motor and Kia to Support Suppliers in Meeting Greenhouse Gas Regulations… Public-Private Memorandum of Understanding Signed

Participants at the signing ceremony pose for a commemorative photo. (From left) Moon Seong-jun, Chairman of the Hyundai Motor-Kia Supplier Association; Yoon Jun-ho, Senior Executive Vice President of the Procurement Division at Hyundai Motor and Kia; Seo Young-jin, Director of the Korea Agency for Technology and Standards; and Ahn Jung-gu, Chairman of the K-Mobility Bridge Foundation. /Photo=Hyundai Motor and Kia
Participants at the signing ceremony pose for a commemorative photo. (From left) Moon Seong-jun, Chairman of the Hyundai Motor-Kia Supplier Association; Yoon Jun-ho, Senior Executive Vice President of the Procurement Division at Hyundai Motor and Kia; Seo Young-jin, Director of the Korea Agency for Technology and Standards; and Ahn Jung-gu, Chairman of the K-Mobility Bridge Foundation. /Photo=Hyundai Motor and Kia

Hyundai Motor and Kia are joining hands with the government and related agencies to support parts suppliers in responding to global greenhouse gas technical regulations. In addition to supporting the replacement of existing equipment, the scope of assistance is being expanded to include regulatory response training and the cultivation of specialized talent.

On the 9th, Hyundai Motor and Kia announced that they signed a "Memorandum of Understanding on Technical Regulation Response Support for the 2026 Transition to Future Vehicles" with the Korea Agency for Technology and Standards, the Hyundai Motor-Kia Supplier Association, and the K-Mobility Bridge Foundation, and held a "Seminar for Representatives of Major Greenhouse Gas Emitters" with parts suppliers.

Since last year, Hyundai Motor and Kia have operated the "Virtuous Cycle Greenhouse Gas Reduction Mutual Benefit Program" to help suppliers reduce greenhouse gas emissions. This memorandum was established to broaden support in collaboration with the government and related agencies, enabling suppliers to understand global regulatory requirements and develop response strategies tailored to their own operations, going beyond equipment-centric assistance.

The four institutional investors and organizations will collaborate by dividing roles into two pillars: "resolving on-site difficulties" and "cultivating specialized talent." When Hyundai Motor and Kia identify on-site issues faced by suppliers, the Korea Agency for Technology and Standards will use this information to address challenges related to global supply chain environmental and carbon regulations. Hyundai Motor and Kia will also support the standardization of supply chain carbon management systems and their utilization within the industry. The four institutional investors and organizations plan to form a working council to share issues and serve as a communication channel for linking necessary support.

The cultivation of specialized talent involves the Korea Agency for Technology and Standards and the K-Mobility Bridge Foundation operating training on supply chain carbon management and responding to external regulations, while the Hyundai Motor-Kia Supplier Association guides supplier participation. The response capabilities of suppliers will be enhanced through mentoring on global supply chain regulatory responses and training programs for greenhouse gas reduction experts.

At the seminar held following the signing ceremony, Hyundai Motor and Kia shared their greenhouse gas management policies and awarded suppliers who achieved excellent results in reduction performance evaluations. Hyundai Motor and Kia plan to increase the number of beneficiaries and the amount of support under the mutual benefit program based on next year's reduction performance evaluation.

An official from Hyundai Motor and Kia said, "We will pool the expertise of both the public and private sectors to help suppliers understand complex global technical regulations and develop response strategies," adding, "By jointly supporting greenhouse gas reduction and regulatory compliance, we will underpin the export competitiveness of our suppliers."

"This article was translated using AI and may differ slightly from the original."