Namyang Dairy Products Engages in Win-Win Management Activities Including Early Payment to Partners Ahead of Holidays

[Asia Economy Reporter Lee Seon-ae] Namyang Dairy Products announced on the 25th that it will actively engage in win-win management activities by paying 16.2 billion KRW in transaction payments early to partner companies ahead of the Chuseok holiday and launching a ‘Clean Holiday Campaign’ for a healthy holiday culture.

Namyang Dairy Products implemented early payment of transaction funds more than a week ahead of the scheduled payment date before the holiday to help partner companies manage their funds stably. The purpose is to foster mutual growth among partners in difficult circumstances and to create a healthy and warm holiday culture.

CEO Lee Kwang-beom emphasized, “I am always grateful to the many partners and dealers who have trusted and worked with us despite difficult times, and we will continue to be Namyang Dairy Products that leads a culture of coexistence to repay that trust.”

To lead a culture of win-win management, Namyang Dairy Products has been operating a ‘Clean Center’ regularly since 2013 to fundamentally prevent push-outs by completely improving the order and return system, and to continuously monitor unfair trade practices, unjust profits, fraudulent acts, and unethical behaviors.

In addition, since 2013, it has regularly held win-win meetings for mutual growth with dealers. Through these meetings, Namyang Dairy Products collects difficulties from the sales field and reflects them in sales policies, strengthens the bargaining rights of dealer groups, and leads win-win management activities such as the industry’s first ‘Cooperative Profit Sharing System.’

Furthermore, for dealer welfare, ▲over the past eight years, it has provided scholarships worth a total of 800 million KRW to 607 dealer children, ▲operates an interest-free loan system called ‘Emergency Living Funds’ to help dealers facing sudden crises due to illness or injury, ▲supports formula milk and childcare products upon the birth of dealer children and grandchildren, and ▲implements a long-term operation dealer reward system, continuously practicing efforts for win-win management.

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