KT Group Leads Early Adoption of 'Payment Linked Pricing System'

KT announced on the 28th that it held the ‘Payment Price Linkage System Roadshow’ sponsored by the Ministry of SMEs and Startups at its headquarters in Bundang, Seongnam, Gyeonggi Province. The event was held to raise awareness of the Payment Price Linkage System and to create an opportunity to expand participation. About 100 employees from 45 affiliates, including KT, attended.

The ‘Payment Price Linkage System’ is a system that reflects changes in raw material prices in payment prices to reduce the burden on small and medium-sized partner companies. On January 3rd, the amendment to the Win-Win Cooperation Act, which includes the Payment Price Linkage System, was promulgated, and full implementation is scheduled for October 4th. At this roadshow, Lee Dae-hee, Director of the Small Business Policy Office at the Ministry of SMEs and Startups, gave a greeting, followed by Roh Hyung-seok, Head of the Unfair Trade Improvement Division, who explained the overall system based on actual operational cases.

KT has been continuously cooperating with its partner companies through proactive payment price adjustments ahead of the Ministry of SMEs and Startups’ implementation of the Payment Price Linkage System. KT is the only telecommunications company participating in the pilot project of the Payment Price Linkage System, which started last year, supporting the successful establishment of the system.

KT stated, “The Payment Price Linkage System is a win-win system that helps partner companies maintain stable production and supply of goods, and enables commissioning companies to enhance customer value through uninterrupted business activities.” They added, “We expect it to foster a fairer trading culture between large and small-medium enterprises and contribute to mutual growth.”

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