Aekyung, Iljin Global, and Sinsung ENG Rated 'Insufficient' in Win-Win Growth Index

Kwon Ki-hong, Chairman of the Win-Win Growth Committee.
[Photo by Win-Win Growth Committee]

[Asia Economy Reporter Kim Jong-hwa] Ten companies, including Aekyung, Iljin Global, and Sinsung ENG, received a 'Poor' rating on the Win-Win Growth Index for not participating in the Fair Trade Agreement evaluation.

The Win-Win Growth Committee held its 67th meeting on the 15th and announced the results of the 2020 Win-Win Growth Index evaluation.

According to the evaluation, out of 210 companies subject to the 2020 Win-Win Growth Index, 36 were rated 'Excellent,' 63 'Good,' 70 'Fair,' 19 'Average,' and 10 'Poor.'

The 2020 Win-Win Growth Index combined the comprehensive evaluation by the Win-Win Growth Committee and the Fair Trade Agreement implementation evaluation by the Fair Trade Commission at equal weights, categorizing companies into four grades: Excellent, Good, Fair, and Average. Ten companies that did not participate in the Fair Trade Agreement evaluation were assigned a 'Poor' grade.

The Win-Win Growth Index is a quantified indicator evaluating the level of win-win growth between large and small-to-medium enterprises, aimed at promoting mutual growth. Since 2011, the Win-Win Growth Committee has publicly announced it annually in accordance with Article 20-2 of the Act on the Promotion of Mutual Growth between Large Enterprises and Small and Medium Enterprises.

The Win-Win Growth Committee rated ten companies as 'Poor' for not participating in the Fair Trade Agreement evaluation: Seowon Distribution, Sinsung ENG, Simtek, Aekyung Industrial, Estra Automotive System, Iljin Global, Tyco AMP, Tata Daewoo Commercial Vehicle, ThyssenKrupp Elevator Korea, and Korea Kolmar.

In particular, Aekyung Industrial and ThyssenKrupp Elevator Korea did not even submit the list of partner companies required for the Committee's perception survey.

A representative of the Committee stated, "Although we exercised the right to request data submission according to the Act on Mutual Growth Cooperation and the operational guidelines for calculating and announcing the Win-Win Growth Index, these companies ultimately did not submit the partner company lists or reasons for non-submission, so we reported this to the Committee and publicly announced it."

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