Nongshim Awarded Top Grade in Fair Trade Agreement Implementation Evaluation

On the 16th, Lee Byung-hak, CEO of Nongshim, received a certificate of commendation at the "2021 Fair Trade Agreement Implementation Best Practices Presentation" held by the Korea Fair Trade Commission.

[Asia Economy Reporter Seungjin Lee] Nongshim announced on the 17th that it received the highest grade award at the ‘2021 Fair Trade Agreement Implementation Best Practice Presentation’ hosted by the Fair Trade Commission. The company was recognized for its efforts in promoting various win-win cooperation programs such as ‘Cheongnyeon Sumi’.

Nongshim is carrying out various win-win activities based on the philosophy that ‘the growth of partner companies is Nongshim’s competitiveness.’ This year, it launched the ‘Cheongnyeon Sumi’ program, the first in the domestic food industry to support young farmers returning to farming. Nongshim provided full support to young farmers throughout all processes from sowing to harvesting and sales, purchasing all 230 tons of potatoes they harvested and utilizing them in the production of Sumi Chips.

In addition, Nongshim has enhanced the stable management and quality competitiveness of over 120 small and medium partner companies through financial support, technical assistance, environmental hygiene support, and market expansion. In recognition of these efforts, it received the highest grade for three consecutive years in the ‘2020 Win-Win Growth Index Evaluation’ announced by the Fair Trade Commission and the Win-Win Growth Committee last September.

A Nongshim official said, “With the mindset that we can go further together, we will continue to promote various win-win cooperation programs and practice fair trade with our partner companies.”

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