Hyosung Advanced Materials

Evaluation structure

Merit evaluation We perform evaluations on an annual basis with a focus on shared values, leadership and capability required for the realization of our vision. By defining capabilities we need and providing objective criteria for evaluation, we pursue improved individual and organizational capability.
Performance evaluation By defining the goals and providing the direction of our growth we want to achieve through the organization's mission and business activities, sharing results and providing motivation through differentiated compensation and promotion, we encourage our individual members to reach their respective goals voluntarily. We also work to maximize performance by means of differentiated compensation based on achievements.

Compensation system

A sufficiently high level of compensation We ensure that our compensation for our members is comparably high in the market to attract and retain talent.
Generous compensation linked to exceptional performance We offer generous compensation for exceptional performance to ensure that a merit-based compensation system is fully established. We also offer a compensation system linked to performance for organizations and individuals.

Elements of compensation

Base salary
- The most basic element of salary
- Differentiated based on individuals’ HR evaluation.
Allowances
- Additionally paid based on positions and licenses held.
Merit-based bonus
- Payable annually with differentiation based on individuals’ HR evaluation.
- The total amount is payable in two installments over a year.
Bonus
- Linked with evaluation of performance unit to maximize performance.
- Differentiated based on achievement relative to targets set by the organization at beginning of the year.

Welfare

Support
- Free medical checkups
- Group accident insurance (cost-covered basis)
Care
- Daycare centers (Mapo, Ulsan)
- Subsidy for tuition for children (high school and college)
- Financial support for local and international academic degrees
- Financial support for taking language courses for overseas workers
- Free use of villas
Work & Life Balance
- Five-day holidays around the year
- Mandatory use of annual leave for holidays interspersed with workdays
- Holiday as reward for those serving for a long time with the company
- Five-consecutive-day refreshing holiday

Promotion system

For maximum fairness for promotion

Promotion is based on various elements including aptitude and job performance. Each element is evaluated on a score basis, and promotion is linked with that score. You can be qualified for promotion within 2 years regardless of the standard number of years required for the qualification, if you have earned the foregoing score through, for example, good HR evaluation, second language skills and training. This provides a good motivation for talent growth.

승진 절차 (표준 승격년한)
Position	Associate→Assistant Manager	Assistant Manager→Manager	Manager→Senior Manager	Senior Manager→General Manager
Years before being qualified for promotion	4 years	4 years	5 years	5 years

In case of early promotion
Position	Associate→Assistant Manager	Assistant Manager→Manager	Manager→Senior Manager	Senior Manager→General Manager
In case of early promotion	2 years	2 years	3 years	3 years

승진 절차 (표준 승격년한)
Position	Years before being qualified for promotion
Assistant→Assistant Manager	4 years
Assistant Manager→Manager	4 years
Manager→Senior Manager	5 years
Senior Manager→General Manager	5 years

승진 절차 (조기 승격 시)
Position	In case of early promotion
Assistant→Assistant Manager	2 years
Assistant Manager→Manager	2 years
Manager→Senior Manager	3 years
Senior Manager→General Manager	3 years

Encouraging competence development through diversification of elements to evaluate

Diversified evaluation elements include foreign language and education scores, and employees are encouraged to develop their own capabilities.

Direction of nurturing

Hyosung Advanced Materials's direction for nurturing of talents is to help its members become global leaders to contribute to the realization of value-first operations. As part of this, the missions of our training center are Communication of Core Values, Nurturing of Leaders and Expansion of Field Capability.

Communication of Core Values

We communicate core values and operating philosophy that must be shared across the organization as well as mindset or attitude required as members of the company.

Leadership training Our leadership training provides a strategic tool to implement the vision and critical goals of Hyosung Advanced Materials. The focus is on nurturing team leaders through various training programs offered for each level and, ultimately, management leaders that will lead Hyosung Advanced Materials.
Support for a deree in leading domestic and international universities As part of a strategy to develop new and global leaders, we provide opportunities for our members to earn MBA degrees or other master's or doctor's degrees from leading domestic and international universities if they pass screening processes.
Programs to develop China specialists As part of our effort to nurture members specializing in China, we provide opportunities twice a year for five months for those soon to be stationed in offices in that country to improve their Chinese language skills by studying in leading universities in Beijing or Shanghai.

Improving field capability

We offer phased training programs differentiated for members of different functions including sales, production, R&D and administration to help them improve their field capability. This is part of our effort to realize value-first operations through global excellence.

Personnel System

Evaluation structure

Compensation system

Promotion system

Direction of nurturing

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