Agreement Signed with 대상 and Consigned Companies for Voluntary Promotion of 'Delivery Payment Linkage System'

On the 14th, Lim Jeong-bae, CEO of Daesang, delivered a congratulatory speech at the 'Autonomous Promotion Agreement Ceremony for the Delivery Payment Linkage System' held at the KT Umyeon Research Center in Seocho-gu, Seoul.

[Asia Economy Reporter Eunmo Koo] Daesang announced on the 14th that it has registered as the ‘first applicant company’ for the pilot operation project of the ‘Supply Price Linkage System’ promoted by the Ministry of SMEs and Startups (MSS) and the Fair Trade Commission (FTC), taking the lead in win-win cooperation with small and medium-sized enterprises (SMEs).

Through this agreement, Daesang plans to pilot the ‘Supply Price Linkage System’ with three consignment companies manufacturing oil products. Using the ‘Special Agreement on Supply Price Linkage (Subcontract Price Linkage Contract)’ prepared by the MSS and FTC, Daesang has signed mutual supply price linkage agreements (subcontract price linkage contracts) with Yumac, Jinyuwon, and Youngmi Industry. When the prices of major raw materials fluctuate, the supply price will be adjusted according to the mutually agreed contract.

The Supply Price Linkage System is a system that reflects fluctuations in the prices of major raw materials of goods supplied by consignment companies to consignees in the supply price. The MSS stated that through the Supply Price Linkage System, it aims to activate voluntary supply price linkage between consignees and consignors and establish a stable supply chain in response to external environmental changes such as raw material price fluctuations.

Daesang was the first to submit an application for participation in the ‘Supply Price Linkage System’ pilot project conducted by the MSS and FTC last month. Subsequently, a total of 41 companies, including Samsung Electronics, Hyundai Motor Company, POSCO, LG Electronics, Hyundai Heavy Industries, and KT, have completed their applications.

Lim Jeong-bae, CEO of Daesang, said, “It is especially meaningful to participate as the first applicant company in the pilot project of the ‘Supply Price Linkage System’ with SMEs,” and added, “As a leading food company in Korea, we will continue to take responsible steps to explore various ways to grow together with SMEs.”

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