Namyang Dairy Products Awards 100 Million Won 'Family Scholarship' for Distributors' Children

[Asia Economy Reporter Lee Seung-jin] Namyang Dairy Products announced on the 1st that it has awarded 100 million KRW in 'Family Scholarships' to 75 children of its dealership owners.

The Namyang Dairy Products Family Scholarship is one of the win-win policies created for mutual growth with dealerships. It was first implemented in 2013, the first in the dairy industry, and has been operating for nine years to date. So far, scholarships have been awarded to 817 children of dealership owners, with a cumulative amount of 1.08 billion KRW.

A Namyang Dairy Products official stated, "Namyang Dairy Products and dealership owners have created a model win-win management culture through continuous communication and cooperation as mutual partners," adding, "We will continue to do our best to develop this win-win management culture."

Meanwhile, Namyang Dairy Products has been regularly holding win-win meetings with dealerships nationwide since 2013 to gather difficulties from the sales field and reflect them in policies. The company is leading win-win management activities such as strengthening the bargaining rights of dealership organizations and the industry's first 'Profit Sharing System for Cooperation.' In July, through the profit sharing system, cooperation profits amounting to over 205 million KRW were paid for the first time to about 500 dealerships nationwide.

In addition, to support dealership welfare, Namyang Dairy Products operates an interest-free loan system called 'Emergency Living Funds' to help dealerships facing sudden crises due to illness or injury. They also provide support such as infant formula and childcare products upon the birth of dealership owners' children or grandchildren, and a reward system for long-term operating dealerships, continuously practicing efforts for win-win management.

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