Samsung Electronics, SKT, LG Display and 38 Others Receive Highest Grade in Win-Win Growth

The Win-Win Growth Committee announced on the 21st that 38 companies, including Samsung Electronics and SK Telecom, received the 'Excellent' grade in the 'Win-Win Growth Index' evaluation conducted last year. The photo shows the 71st Win-Win Growth Committee meeting. September 21, 2022. [Provided by the Win-Win Growth Committee. Resale and DB prohibited] Photo by Yonhap News.

[Asia Economy Sejong=Reporter Dongwoo Lee] The Win-Win Growth Committee announced on the 21st that 38 companies, including Samsung Electronics, SK Telecom, and LG Display, received the highest grade of "Excellent" in the evaluation of the "Win-Win Growth Index" last year.

The Win-Win Growth Committee held the "71st Win-Win Growth Committee Meeting" on the same day and conducted a comprehensive evaluation by combining last year's transaction relationships, cooperation relationships, win-win growth systems, and the Fair Trade Commission's fair trade agreement implementation evaluation results for 215 large and medium-sized enterprises.

As a result, 38 companies were selected as Excellent, 65 as Good, 70 as Fair, 29 as Average, and 7 as Poor. Additionally, the committee withheld grade confirmation and excluded from publication six companies under review for legal violations or those reported to the prosecution.

The companies with the Excellent grade include Samsung Electronics, SK Telecom, CJ CheilJedang, GS Construction, and LG Display. Among the 38 Excellent grade companies, the construction and information service sectors increased from 10 companies in 2020 to 13 last year. Four companies?Samsung C&T (Fashion Division), Lotte GRS, Zai C&A, and POSCO Construction?received the Excellent grade for the first time in this evaluation. The Excellent grade companies also include 28 companies that signed the "Voluntary Agreement to Resolve Polarization" with the committee.

Since the Win-Win Growth Index evaluation began in 2011 (published in 2012), companies that have consecutively received the Excellent grade include Samsung Electronics (11 years), SK Telecom (10 years), Kia (9 years), Hyundai Transys, KT, LG Display, and SK Corporation (each 8 years). Consequently, the number of "Excellent Honor Companies" that received the Excellent grade for three consecutive years increased from 19 in 2020 to 24 last year.

The government provides incentives such as exemption from the Fair Trade Commission's on-site investigations, exemption from the Ministry of SMEs and Startups' consignment transaction surveys (biennial), and additional points in the Public Procurement Service's pre-qualification (PQ) for companies with Good grades or higher.

However, the overall Win-Win Growth evaluation score last year was 66.44 points, down 2.6 points from 69.04 points the previous year, influenced by the COVID-19 pandemic and other factors. Additionally, the win-win growth sentiment survey conducted among about 13,000 partner companies of the 215 evaluated companies scored an average of 71.32 points, down 2.76 points from 74.08 points the previous year. Partner companies identified priority tasks for activating win-win growth as "compliance with reasonable delivery prices" (41.7%), "strengthening of fair trade laws and systems" (18.9%), "resolution of wage gaps" (14.7%), and "expansion of sales channel support" (12.0%).

Meanwhile, at the meeting, the committee submitted a recommendation letter to the Ministry of SMEs and Startups for designating the egg wholesale business as a "small business livelihood-type suitable industry." The ministry will review the letter and decide on the designation. If designated as a livelihood-type suitable industry, the market expansion of large companies in the relevant industry will be temporarily restricted. The committee also checked the implementation status of small business suitable industry items and confirmed that one industry violated implementation requirements, notifying the relevant large companies accordingly.

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