Samsung Electronics, Hyundai Motor, and 38 Other Companies Receive 'Top Excellence' in Win-Win Growth Index

Announcement of the 2021 Win-Win Growth Index Evaluation Results
38 Companies Awarded Best, 65 Excellent, 70 Good, 29 Fair, 7 Poor

Chairman Oh Young-kyo announcing the results of the 2021 Win-Win Growth Index evaluation at the 71st Win-Win Growth Committee meeting.
[Photo by Win-Win Growth Committee]

[Asia Economy Reporter Kwak Minjae] Thirty-eight companies including Samsung Electronics, SK Hynix, and Hyundai Motor received the highest grade in the Win-Win Growth Index. Seven companies, including Iljin Global, Simtek, and KG Steel, which did not participate in the Fair Trade Agreement implementation evaluation, received a poor rating.

On the 21st, the Win-Win Growth Committee held the 71st Win-Win Growth Committee meeting at JW Marriott Hotel Seoul in Seocho-dong, Seoul, and announced the results of the "2021 Win-Win Growth Index Evaluation" containing these details. This announcement was postponed to September from the usual announcement by the end of June each year due to the impact of COVID-19.

This evaluation reflected voluntary and diverse efforts by large corporations targeting non-trading small and medium enterprises and local communities to overcome the COVID-19 crisis.

Among the 215 companies evaluated, 38 were rated highest, 65 excellent, 70 good, 29 average, and 7 poor.

The companies with the highest grade include Kia, Nongshim, Lotte GRS, Samsung Display, Samsung C&T (Construction Division), Samsung C&T (Fashion Division), Samsung Engineering, Samsung Electro-Mechanics, Samsung Electronics, Samsung SDS, Innocean, Zai C&A (formerly S&I Construction), Cheil Worldwide, Paris Croissant, POSCO, POSCO Construction, Hyundai Construction, Hyundai Mobis, Hyundai Engineering, Hyundai AutoEver, Hyundai Wia, Hyundai Motor Company, Hyundai Transys, CJ CheilJedang, DL E&C, GS Construction, KT, LG Display, LG Household & Health Care, LG Uplus, LG Innotek, LG Chem, LG CNS, SK Ecoplant, SK Inc., SK Geocentric, SK Telecom, and SK Hynix.

Since the start of the Win-Win Growth Index evaluation in 2011, companies that have continuously received the highest grade as honorary top companies include Samsung Electronics (11 years), SK Telecom (10 years), Kia (9 years), Hyundai Transys, KT, LG Display, and SK Inc. (all 8 years).

Seven companies that did not participate in the Fair Trade Agreement evaluation received a poor grade. These are Denso Korea, Simtek, Estra Automotive System, Iljin Global, Tyco AMP, Tata Daewoo Commercial Vehicle, and KG Steel.

The Win-Win Growth Committee withheld final grade confirmation and excluded from publication five companies under administrative disposition review for legal violations and one company prosecuted under the mandatory prosecution request system to ensure fairness and public trust in the Win-Win Growth Index evaluation.

For the 2022 evaluation, the Committee plans to reflect large corporations’ efforts to support ESG (Environmental, Social, and Governance) management of various partners and continuously improve the evaluation system to enhance acceptance in line with changes in the industrial environment.

Meanwhile, at the plenary session on the same day, five agenda items including the announcement of the 2021 Win-Win Growth Index evaluation results were reported, deliberated, and resolved. The Committee submitted a recommendation letter to the Ministry of SMEs and Startups for designating egg wholesale as a small business livelihood-suitable industry. The final review and designation will be decided by the Ministry.

Additionally, after checking the implementation status of five small business suitable industry items under recommendation and market monitoring, a violation was confirmed in one industry, and the violation corresponding to non-compliance with recommendations was notified to the related large corporation. The reasons for voluntary withdrawal of application items such as wiring device manufacturing (multi-tap), quick service, and food material wholesale, as well as the status of requests for designation as small business suitable industries and small business livelihood-suitable industries, were reported. The designated driver industry, recommended as a small business suitable industry at the 70th Committee meeting, will be further discussed according to the opinion of the suitable industry working committee.

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