Korea Power Exchange Operates Win-Win Program with Partner SMEs Worth 12 Billion KRW over 3 Years

Autonomous Agreement on Polarization Resolution with Dongbanwi

Group photo at the signing ceremony. (From left) Heo Chang-yong, Chairman of the Korea Financial Information Industry Cooperative, Oh Young-gyo, Chairman of the Commission for Shared Growth, Jeong Dong-hee, Chairman of the Korea Power Exchange, Lee Seong-nam, CEO of ITEyes.

[Asia Economy Reporter Kim Bo-kyung] Korea Power Exchange will operate a win-win cooperation program worth 12 billion KRW over three years for partner SMEs and employees.

The Commission for Shared Growth and Korea Power Exchange signed a voluntary agreement to resolve polarization on the 27th at Korea Power Exchange located in Naju, Jeollanam-do, promising this commitment.

First, starting this year and for three years, a total of 12 billion KRW will be supported to establish a win-win cooperation model to resolve polarization that fits the characteristics of the power industry. Various areas of support will be provided to partner SMEs, including education and training, strengthening technical capabilities, testbeds, and reflecting changes in labor costs and raw material prices in delivery prices.

Additionally, efforts will be made to comply with the three principles of proper payment in cooperative transactions. In particular, the increase in contract amounts due to changes in supply costs will be reflected, and guidance materials and consulting on the supply cost adjustment system will be implemented.

Partner SMEs will strive for △ innovation efforts such as research and development (R&D) and productivity improvement △ improvement of product and service quality and enhancement of price competitiveness △ improvement of employee working conditions and expansion of new employment.

The Commission for Shared Growth will actively cooperate to create opportunities for technical and purchasing consultations to ensure that polarization resolution and shared growth activities are practiced, and will promote excellent cases.

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