Since our inception in 2023, Hanwha Ocean has been holding labor-management council meetings under the Act on the Promotion of Employees’ Participation and Cooperation so as to strengthen trust and cooperation between labor and management. The labor-management council discusses issues such as management performances and human resources management plans. Agendas raised by the company and issues discussed by the union are also shared during the meetings. The council focuses on increasing welfare benefits for employees to improve labor-management relations. Matters discussed between labor and management are applied to all employees.

In May 2023, Hanwha Ocean held a labor-management joint declaration ceremony for shared growth with the Daewoo Shipbuilding and Marine Engineering branch of the Korean Metal Workers’ Union at Geoje Shipyard. The objective was to ensure the company’s sustainable development and the employment security of our  employees based on mutual trust and understanding between labor and management. Hanwha Ocean agreed to succeed the existing collective agreement, implement the long-term service system of the Hanwha Group, and share the results of our  mid-to-long-term company development policies.  We also promised to improve working conditions and treatment. On the other hand, the labor union pledged to build a reasonable labor-management relationship, and both management and labor affirmed their commitment to work together to prevent occupational accidents and implement smart sites. As such, Hanwha Ocean is joining hands with the labor union to ensure that the company, employees, and local communities grow together based on reasonable labor-management relations.

Hanwha Ocean guarantees employees’ rights to freedom of association and collective bargaining in order to strengthen trust between labor and management. To improve the working conditions of our employees, we renew collective bargaining agreements every two years, carry out wage negotiations each year, and operate the labor-management council for communication and discussion.