Home&Shopping Implements Performance Sharing System for Small and Medium Partners... 600 Million KRW Distributed to 60 Partners
Support of 4.3 Billion KRW Provided to 462 Partner Companies from 2013 to Present
[Asia Economy Reporter Kim Cheol-hyun] Home&Shopping (CEO Kim Ok-chan) announced on the 11th that it will implement a performance-sharing system worth 600 million KRW for 60 partner companies to support the stable management activities of small and medium-sized enterprise (SME) partners.
Home&Shopping has been implementing a performance-sharing system on excess profits since 2013, the first year it generated significant profits after its launch in 2012. The performance-sharing system started as a program that refunds 10-20% of the excess profits in cash to outstanding SME partners with high sales contributions compared to their annual targets. Since 2016, the system shifted from returning excess profits to high-contributing partners to compensating losses for companies experiencing poor broadcast sales efficiency.
In 2016, a total of 400 million KRW was supported for 80 partner companies, and in 2017, 370 million KRW was provided to 69 partners. This year, sharing last year’s performance, 600 million KRW will be supported for 60 partner companies.
Since 2013, Home&Shopping has supported a total of 4.3 billion KRW to 462 partner companies through the performance-sharing system. The system is evaluated to contribute to the stable management activities and technological development capabilities of the target companies. Home&Shopping is focusing on practical support for SME partners through the performance-sharing system, operation of a win-win fund, and shortening the payment period for product fees.
Hot Picks Today
!["Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①](https://cwcontent.asiae.co.kr/asiaresize/93/2026051914165468840_1779167814.png)
"Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- "I'll Stop by Starbucks Tomorrow": People Power Chungbuk Committee and Geoje Mayoral Candidate Face Criticism for Alleged 5·18 Demeaning Remarks
- Iranian Military Spokesperson: "Ceasefire Was an Opportunity to Strengthen Forces... Ready to Respond to War"
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
Kim Ok-chan, CEO of Home&Shopping, said, "We have been implementing the performance-sharing system since 2013 to ensure the stable financial management of SME partners," adding, "We will continue to think more deeply and strive to provide practical help to lead support for small and medium-sized enterprises."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
