CJ CheilJedang Achieves 'Highest' Grade in Win-Win Growth Index for 6 Consecutive Years

[Asia Economy Reporter Lim Hye-sun] CJ CheilJedang announced on the 14th that it has received the ‘Highest’ grade in the Win-Win Growth Index for six consecutive years.

The Win-Win Growth Commission held the 67th Win-Win Growth Commission meeting on the 15th and announced the ‘2020 Win-Win Growth Index Evaluation Results.’ The Win-Win Growth Index evaluation is a quantified indicator that assesses the level of win-win growth between large and small-to-medium enterprises (SMEs) to promote mutual growth. It is calculated by combining the Win-Win Growth Commission’s ‘Comprehensive Win-Win Growth Evaluation’ and the Fair Trade Commission’s ‘Fair Trade Agreement Implementation Evaluation.’

In this year’s evaluation targeting 210 large and medium-sized enterprises, CJ CheilJedang was named among 36 companies that received the highest grade, ‘Highest.’

CJ CheilJedang earned high scores in both the ‘Comprehensive Win-Win Growth Evaluation’ and the ‘Fair Trade Agreement Implementation Evaluation.’ It received positive evaluations for establishing fair trade and win-win growth order. From the fair trade perspective, the company regularized the ‘Subcontract Transaction Internal Review Committee’ and the ‘Dispute Mediation Council,’ and built a ‘Pre-Notification System’ that shares information on volume and delivery schedules in advance, making efforts to strengthen relationships with partner companies.

It also operates win-win growth systems for partner companies. To support stable management activities of partner companies, it provided approximately 17 billion KRW in interest-free loans this year alone through the ‘Direct Financial Support’ system. Additionally, it operates a win-win fund linked with commercial banks amounting to 51.8 billion KRW. The ‘Tomorrow Filling Deduction’ system, the first introduced by a private company, has also expanded its support scale to help partner companies attract key personnel and reduce wage gaps.

Furthermore, CJ CheilJedang supports the overall manufacturing capabilities of partner companies through the transfer of accumulated food technology and know-how, recipe development, quality control, and on-site support. Since product launch, it has provided a stable sales base by actively utilizing distribution networks for sales expansion and promotional support.

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