LG Electronics Awards 600 Million KRW to 12 Outstanding Partners for Enhanced Productivity

President Kwon Bong-seok Visits Partner Association Chairman Company 'Shinsung Delta Tech'... Presentation of Plaque and Award Money

Kwon Bong-seok, President of LG Electronics (third from the left in the front row), personally visited Shinsung Delta Tech (Changwon-si, Gyeongnam), one of the outstanding partner companies, and after presenting a plaque and a reward to CEO Koo Ja-cheon (fourth from the left in the front row), they took a commemorative photo.
[Photo by LG Electronics]

[Asia Economy Reporter Kim Heung-soon] LG Electronics announced on the 19th that it selected 12 outstanding partner companies that carried out innovative activities such as production line automation and awarded each with a plaque and a prize money of 50 million KRW, totaling 600 million KRW.

LG Electronics established an 1.8 billion KRW 'Win-Win Performance and Sharing' fund in 2019 to foster a culture of mutual growth and encourage partner companies to proactively engage in innovative activities. It evaluates various categories such as cost reduction, technological innovation, quality improvement, and productivity enhancement to reward partner companies with excellent performance.

Accordingly, Kwon Bong-seok, President of LG Electronics, visited 'Shinseong Delta Tech' in Changwon, Gyeongnam, one of the 12 outstanding partner companies and the chairman company of the partner association, the day before to personally deliver the plaque and prize money.

LG Electronics also sent workshop letters to major partner companies, including the outstanding ones, to express gratitude for their efforts. They shared cases of innovative activities by outstanding partner companies and the tasks planned for the next year.

Earlier, LG Electronics has been supporting partner companies since 2018 to increase productivity by enabling them to automate production lines and establish information systems. This support helps partner companies build smart factories using artificial intelligence, big data, and adopt Robotic Process Automation (RPA) technology. RPA is a technology that automates repetitive and standardized tasks previously done by humans using software robots.

Starting this year, LG Electronics has established an RPA promotion system to systematically support partner companies and enable more partners to adopt RPA. LG Electronics' RPA experts visit partner companies directly to transfer LG Electronics' know-how throughout the entire RPA process, from task discovery to detailed RPA construction and maintenance.

Lee Si-yong, Executive Vice President and Head of Purchasing and SCM Management Center at LG Electronics, emphasized, "Increasing the productivity of partner companies is the foundation of mutual growth," adding, "We will actively support the establishment of smart factories and the adoption of RPA technology so that partner companies can secure top-level manufacturing capabilities and practice sustainable mutual growth."

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