LG Display Selected as 'Best Win-Win Growth Company' for 8 Consecutive Years

Continuing the Qualification of 'Top Honor Company' Awarded to Companies with Three Consecutive Years of Highest Grade

[Asia Economy Reporter Park Sun-mi] LG Display announced on the 21st that it has been selected as an ‘Outstanding Win-Win Growth Company’ for eight consecutive years.

The ‘Win-Win Growth Index,’ announced annually by the Win-Win Growth Committee, is an indicator that evaluates the level of win-win growth of domestic large corporations through surveys on the perception of large corporations’ co-prosperity management by small and medium-sized enterprises and the performance of fair trade agreement compliance.

Since the evaluation of the Win-Win Growth Index in 2014, LG Display has been selected as an ‘Outstanding Company’ for eight consecutive years, thereby maintaining its qualification as an ‘Outstanding Honorary Company,’ which is awarded to companies that have received the highest grade for three consecutive years.

This recognition is the result of highly evaluating various support activities such as finance, technology, medical welfare, and ESG management aimed at fundamentally strengthening the competitiveness of partner companies.

In the financial sector, LG Display supported fund operations worth 113.9 billion KRW last year through the interest-free loan program for partner companies called ‘Win-Win Technology Cooperation Fund’ and the low-interest loan product ‘Win-Win Growth Fund’ established through agreements with financial institutions.

In the technology sector, LG Display enhanced the technological competitiveness of partner companies through cooperative projects such as 22 joint research and development cases and 326 process and quality improvement innovation activities last year. Additionally, support activities for medical welfare and safety and environmental improvements are continuously being promoted.

Meanwhile, LG Display introduced and established a new win-win cooperation system in 2017 that expanded the support targets in finance, technology, and medical welfare from first-tier partner companies to second- and third-tier partner companies to fundamentally enhance the competitiveness of partner companies and create a horizontal win-win ecosystem.

LG Display also operates the ‘Green Win-Win Growth’ program to enhance partner companies’ climate response capabilities, including discovering greenhouse gas reduction items and complying with environmental regulations, as well as the ‘Supply Chain ESG’ program to advance supply chain management policies and supply chain evaluation management systems.

An LG Display official stated, "We will continue to make greater efforts to build a win-win growth infrastructure and establish mutually developmental relationships so that we can lead the display market together with our partner companies and sustain continuous growth."

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