KCC Signs 'Polarization Resolution Voluntary Agreement' with the Win-Win Growth Committee
Operating a Win-Win Cooperation Program with Partners Worth 15.7 Billion KRW Over 3 Years
[Asia Economy Reporter Kim Jong-hwa] KCC has signed an agreement to support the co-growth of partner small and medium-sized enterprises (SMEs). On the 24th, KCC signed the 'Polarization Resolution Voluntary Agreement' in a non-face-to-face manner together with Kumgang System Housing Co., Ltd., representing its partners, and the Win-Win Growth Committee, agreeing to strengthen the competitiveness of partner SMEs and establish a win-win cooperation system between large and small-medium enterprises.
KCC plans to adhere to three principles: ▲'Paying the right price' through a system for negotiating delivery price adjustments and reflecting price changes of raw and subsidiary materials ▲'Paying on time' by making payments before the legal deadline, preferably as early as possible ▲'Paying through win-win payment' by using cash or a win-win payment system.
Additionally, KCC will introduce a polarization resolution win-win cooperation model suited to the characteristics of the manufacturing industry and operate various win-win cooperation models over the next three years, providing approximately 15.7 billion KRW in support to partner SMEs and their employees, including ▲wage and welfare support ▲support to improve wage payment capacity ▲management stabilization financial support.
Partner SMEs will also comply with payment principles in transactions among partners and strive to ▲strengthen innovation efforts such as R&D and productivity improvement ▲improve product and service quality ▲improve working conditions for employees and expand new employment.
The Win-Win Growth Committee will actively support the creation of opportunities for technology and purchasing consultations to expand co-growth activities between KCC and partner SMEs, actively promote win-win growth policies, and discover and publicize excellent cases of KCC and partner SMEs.
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A KCC official stated, "We signed this agreement to contribute to resolving polarization between large and small-medium enterprises as a partner growing together with our partners," adding, "We will continue to discover various partner support programs and actively support partners to overcome difficult economic situations, taking the lead in win-win growth."
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