LG Household & Health Care, Industry's First to Achieve Top Partner Growth Index for 6 Consecutive Years

[Asia Economy Reporter Yujin Cho] LG Household & Health Care (CEO Cha Seok-yong) announced on the 8th that it has achieved the highest grade of 'Excellent' for six consecutive years for the first time in the industry in the '2019 Win-Win Growth Index' announced by the Win-Win Growth Committee.

The Win-Win Growth Index is an indicator quantified annually by the Win-Win Growth Committee to evaluate the level of win-win growth of companies, and the results are announced in five grades (Excellent, Good, Fair, Average, Poor).

LG Household & Health Care has received positive evaluations for its customized programs, such as the 'Innovation Partnership Support Project' in three areas: manufacturing innovation, management system certification, and technology protection, targeting partner companies.

The Face Shop's Win-Win Growth Index grade rose two levels from 'Fair' last year to 'Excellent' this year. This is the first time the Win-Win Growth Committee has selected the highest grade in the franchise sector.

The Face Shop operated effective win-win programs, such as providing 'franchise operation funds' four times to franchise stores struggling with rising minimum wages and rent, and conducting customized consulting projects on commercial districts, customers, and products. It was also recognized for its efforts to share pain by supporting rent twice for franchise stores suffering from sales decline and deteriorating business conditions due to COVID-19.

LG Household & Health Care Vice Chairman Cha Seok-yong said, "As COVID-19 prolongs, the difficulties of partner companies are increasing," and added, "We will continue to operate win-win programs flexibly according to market conditions and business circumstances under the management principle that partner companies are partners for mutual growth."

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