Fair Trade

Seohan Auto USA and NTN USA are establishing a culture of fair trade for sustainable growth with our suppliers. We are also creating a business ecosystem that grows with our suppliers by sharing culture and vision, rather than just a business relationship with them.

Supplier contracting practices

    • In principle, A and E shall conclude a contract for home appliances, but at least a contract bearing the signature of the parties shall be concluded before commencing work for delivery.
    • In the case of frequent deliveries, the basic contract shall be concluded first, and the order (including electronic order) issued by the supplier for each delivery shall be divided into individual contracts.

4) Objective inspection criteria

      1. The counterparty has been suspended by a financial institution, or has been revoked or suspended by a regulatory authority.
      2. If the other party is deemed to be unable to fulfill the contract due to a significant business reason such as insolvency, enforcement by a third party, bankruptcy, initiation of a lawsuit, or filing of a company reorganization procedure.
      3. If the other party decides to dissolve, transfer its business, or merge with another company, or if the other party recognizes that it is difficult to fulfill the contents of the basic contract or individual contract due to a disaster or other reasons.

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