Samsung SDI Holds Win-Win Growth Day with Partners... Voluntary Agreement to Resolve Polarization

by Jeong Donghoon

Published 16 Nov.2022 08:28(KST)

Samsung SDI Operates Win-Win Cooperation Program for Shared Growth Worth 155.2 Billion KRW

On the 15th, at the Ramada Plaza Hotel in Suwon, Gyeonggi-do, Choi Yoon-ho, President and CEO of Samsung SDI (left), Oh Young-gyo, Chairman of the Win-Win Growth Committee (center), and Lee Sang-yul, CEO of Cheonbo (right), signed the "Polarization Resolution Voluntary Agreement" and took a commemorative photo. Photo by Samsung SDI

[Asia Economy Reporter Jeong Dong-hoon] Samsung SDI reaffirmed its commitment to 'future partnership' by sharing innovative achievements with partner companies and awarding outstanding partners.

Samsung SDI announced on the 16th that it held the 'Samsung SDI Win-Win Growth Day' yesterday at the Ramada Plaza Hotel in Suwon, Gyeonggi Province. The event was attended by about 210 people both online and offline, including Samsung SDI CEO Choi Yoon-ho, Chairman Oh Young-gyo of the Win-Win Growth Committee, and CEOs of partner companies.

Win-Win Growth Day was first launched in 2000 with the purpose of bringing together Samsung SDI and its partners to share innovation cases and pursue continuous development and mutual growth. Since then, Samsung SDI has been providing full support across management areas such as quality improvement, manpower support, and sales expansion for its partners.

In particular, since starting the 'Win-Win Growth Manufacturing Innovation Activity' program in 2010, Samsung SDI has made great efforts by dispatching experts and providing funds annually to improve productivity and quality for about ten partner companies.

At the event, Samsung SDI, partner companies, and the Win-Win Growth Committee signed an 'Autonomous Agreement to Resolve Polarization.' Through this tripartite agreement among large corporations, public institutions, representatives of cooperating SMEs, and the Win-Win Growth Committee, they will participate in strengthening the technological competitiveness of SMEs and resolving polarization.

Samsung SDI plans to operate a win-win growth cooperation program worth a total of 155.2 billion KRW over the next three years. In 2019, Samsung SDI also signed an 'Innovation-Driven Wage Gap Resolution Agreement' to eliminate wage gaps between large and small-medium enterprises and promote win-win growth.

Oh Young-gyo, Chairman of the Win-Win Growth Committee, introduced Samsung SDI as "a company that has steadily grown together with its partners under the vision of win-win growth through cooperative partnerships as a global leader," and expressed gratitude to CEO Choi Yoon-ho and all employees for joining the agreement again following 2019. He also expressed hope that the competitiveness of partner companies and the industry as a whole will be strengthened and that the culture of win-win growth will spread.

Choi Yoon-ho, CEO of Samsung SDI, said, "In fierce global competition, for Samsung SDI and its partners to achieve win-win growth, it is essential to strengthen manufacturing competitiveness based on quality and safety across all sectors including materials, components, and equipment."

He continued by citing an African proverb, "If you want to go fast, go alone; if you want to go far, go together," emphasizing, "Samsung SDI will cooperate more closely with partners and prepare for the future together in one direction through effective support."

Meanwhile, Samsung SDI views ESG (Environmental, Social, and Governance) management not only as corporate social responsibility but also as a crucial strategy that determines future corporate competitiveness, and is continuously strengthening it. Earlier this year, it established the 'Sustainable Management Committee' under the board of directors, operates a quarterly Sustainable Management Council led by the CEO, and expanded and reorganized the Win-Win Cooperation Office.