On October 30, 2019, Hyundam Industrial Co., Ltd. (HIC) won the grand prize for quality management sector at
the 18th  Global Standard Management Awards, co-hosted by the Korea Management Association and the Korea
Management Association Quality Assurance.
because HIC got recognition of securing differentiated quality competitiveness by accumulating its own research
and development capabilities and know-how for the first time in Korea by successfully localizing diesel and BLDC pumps.

This was the first time that HIC has won the grand prize, and all its executives and employees have expressed their
joy at winning such a big award. HIC also pledged to continue its excellent quality management and contribute to
the future mobility society.

"About the Global Standard Management Awards (GSMA)"

The system selects and awards companies with excellent management performance by achieving international standards
and enhancing global competitiveness in each industry sector. Samsung, CJ CheilJedang, and other outstanding companies
have been won this award, which has been evaluated as companies with excellent performance in 10 management sectors.
(ex. quality management, sustainable management, innovative management etc.)