Lotte ON Receives Minister of SMEs and Startups Award for Win-Win Growth Contribution

Support for Digital Market Expansion of Small and Medium-Sized Businesses
Recognition for Public Institution Win-Win Cooperation and Efforts to Improve Awareness of Small Business Products
Only E-commerce Industry Recipient of Win-Win Growth Merit Award

[Asia Economy Reporter Yuri Kim] Lotte ON announced on the 16th that it received the Minister of SMEs and Startups Commendation at the '2022 Large and Small-Medium Enterprise Win-Win Growth Merit Awards' in recognition of its efforts for mutual growth with partner companies.

Lotte ON was recognized for its contributions in supporting digital market development for small business owners, efforts for win-win cooperation with public institutions, improving social awareness of small business products, and strengthening collaboration systems with partners through activation of communication channels. Lotte ON is the only company in the e-commerce industry to receive this win-win growth merit award.

Over the past two years, Lotte ON has partnered with more than 50 public institutions to support small business owners in developing online sales channels by providing store openings, product promotions, and sales training.

In collaboration with the Korea Invention Promotion Association, Lotte ON sponsored the 'Seoul International Invention Fair' to introduce excellent small business products to customers and worked to improve awareness by featuring outstanding products on the main page and producing social media (SNS) promotional content for the stable growth of newly onboarded small business owners.

During the COVID-19 period, Lotte ON operated an 8 billion KRW scale win-win growth fund annually to support small partners facing financial liquidity difficulties and provided early payment of approximately 100 billion KRW in delivery payments during holidays.

It was also selected as a '2022 Global Digital HQ Excellent Company' by the global enterprise messaging platform Slack.

Na Young-ho, CEO of Lotte ON, said, "We are pleased that our efforts to create a virtuous cycle structure where the platform and partners grow together have been well evaluated and led to this award. As the only award-winning company in the e-commerce industry, we plan to establish various support systems so that many small business owners can grow stably within Lotte ON."

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