LG Display Selected as 'Best Partner Company' for Win-Win Growth for 6 Consecutive Years

[Asia Economy Reporter Ki-min Lee] LG Display announced on the 8th that it was selected as the ‘Best Company’ with the highest grade for six consecutive years in the evaluation of the Win-Win Growth Index at the 63rd Win-Win Growth Committee held at the Sheraton Palace Hotel in Seoul.

LG Display received high marks in this Win-Win Growth Index evaluation in recognition of its efforts to strengthen the competitiveness of its partners by sharing its own technology and know-how. Since 2007, LG Display has established the first dedicated Win-Win Growth department in the display industry and has been promoting a leading Win-Win Growth program aimed at fundamentally enhancing the competitiveness of its partners.

Last year, LG Display operated approximately 100 billion KRW in Win-Win Technology Cooperation funds and improved the financial soundness of its partners by providing low-interest loan products through agreements with the Win-Win Growth Fund and financial institutions. In particular, to fundamentally strengthen the technological competitiveness of its partners, LG Display carried out 21 joint research and development projects and 166 manufacturing innovation activities, and filed 14 joint patents. In addition, to ensure a safe working environment for its partners, LG Display provided technical support and safety education for 61 partner companies for equipment, environment, and chemical substance management risk assessment projects.

LG Display is also supporting partners facing difficulties due to the COVID-19 pandemic. When COVID-19 spread in the Daegu and Gyeongbuk regions in March, LG Display provided masks and hand sanitizers to partners in the area and deferred repayment of Win-Win Technology Cooperation funds. For partners struggling due to international travel restrictions, LG Display has been assisting with visa issuance and charter flights, helping employees of partner companies with overseas business trips and domestic returns.

LG Display’s active participation in government quarantine efforts was also recognized, as it provided its dormitory, Dongnakwon, in Gumi as a residential treatment center for mild COVID-19 patients in the Daegu-Gyeongbuk region, where about 400 patients received treatment.

Choi Young-geun, Executive Vice President and Head of LG Display’s Purchasing Group, said, “We are very honored to be selected as the Best Company in the Win-Win Growth Index for six consecutive years,” and added, “We will strive even harder to establish a mutually beneficial relationship that leads the market through co-growth with our partners.”

This content was produced with the assistance of AI translation services.