Jang Deok-hyun, President of Samsung Electro-Mechanics, "Mutual Growth is Essential"... Holds Communication Meeting with Partners

Samsung Electro-Mechanics Holds 2022 Win-Win Cooperation Day

Samsung Electro-Mechanics CEO Jang Deok-hyun (third from the right in the front row) is taking a commemorative photo with representatives of partner companies who attended the Win-Win Cooperation Day on the 19th.

[Asia Economy Reporter Park Sun-mi] Jang Deok-hyun, President of Samsung Electro-Mechanics, held a communication meeting with partner companies and reaffirmed his commitment to mutual growth.

Samsung Electro-Mechanics announced on the 20th that it held the '2022 Win-Win Cooperation Day' with members of the Partner Company Council (Hyeopbuhoe) at its Suwon plant. At the event, President Jang emphasized interest and practice in ESG (Environment, Social, Governance), which has become a core area of management, stating, "We will actively support partner companies to enhance their ESG management capabilities."

He also said, "Mutual growth with partner companies is not a choice but a necessity for the future," and urged, "Samsung Electro-Mechanics will organically cooperate with partner companies and build trust relationships to move forward together in one direction (一路同行, meaning moving forward together in the same direction), going further and higher together."

Samsung Electro-Mechanics' Win-Win Cooperation Day was organized to award partner companies that achieved outstanding results over the past year and to facilitate communication among them. Eight partner companies that achieved excellent results through innovative activities in five categories?▲Productivity ▲Technology Development ▲Special ▲Quality ▲Compliance?were awarded. At the event, Samsung Electro-Mechanics President Jang Deok-hyun, executives, and 12 representatives of partner companies attended, while other partner companies participated via online live broadcast.

Meanwhile, Samsung Electro-Mechanics trades with a total of about 500 partner companies domestically and internationally, including about 250 in Korea. These companies vary widely in size, from those with annual sales in the 1 billion KRW range to those in the 1 trillion KRW range. Among them, 36 major domestic parts companies are registered as members of the 'Hyeopbuhoe.' The Hyeopbuhoe was formed in 1986 and has nearly 40 years of history. The 'Bu' in Hyeopbuhoe uses the first character of the word 'bupum' (parts), symbolically representing Korea's leading electronic parts companies.

Samsung Electro-Mechanics has selected ▲strengthening technology development ▲CSR support ▲productivity improvement ▲support for secondary partner companies as the four main pillars of mutual growth and consistently practices win-win management. Samsung Electro-Mechanics operates a 'Win-Win Academy' to systematically nurture key personnel of partner companies through on-site innovation consulting provided by in-house employees. Additionally, to support the liquidity of partner companies, it has established and operated a win-win fund worth 78 billion KRW since 2010.

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