SK Geocentric Re-signs 'Polarization Resolution Voluntary Agreement'

Re-signing with the Win-Win Growth Committee and Partner SMEs
Introducing a Win-Win Cooperation Model Worth 86 Billion KRW Over 3 Years

SK Geocentric and the Win-Win Growth Committee announced on the 21st that they have signed the ‘Polarization Resolution Voluntary Agreement’ (hereinafter referred to as the ‘Agreement’) together with partner small and medium-sized enterprises (SMEs). This is the second agreement since the first one was signed in 2020.

Through this agreement, SK Geocentric plans to adhere to the ‘Three Principles of Proper Payment’ in transactions with partner companies and operate a system for negotiating delivery price adjustments.

Additionally, over the next three years starting this year, SK Geocentric will introduce a win-win cooperation model suited to the characteristics of the manufacturing industry with a scale of 86 billion KRW. Programs such as wage and welfare support (14.4 billion KRW), technology development and productivity improvement support (3 billion KRW), and management stability financial support (68 billion KRW) will be operated for partner SMEs to promote the resolution of polarization.

The Win-Win Growth Committee will cooperate in providing opportunities for technology and purchasing consultations to ensure smooth progress of polarization resolution and win-win growth activities between SK Geocentric and partner SMEs, and will support the derivation and promotion of excellent cases.

Na Kyung-su, President of SK Geocentric Photo by SK Geocentric

SK Geocentric has been operating various win-win growth programs by supporting partner companies’ technology development and overseas expansion. Until last year, it achieved the highest grade, ‘Excellent,’ for ten consecutive years in the ‘Win-Win Growth Index’ announced by the Win-Win Growth Committee.

Oh Young-gyo, Chairman of the Win-Win Growth Committee, said, “I hope this re-agreement signing will be an opportunity to further strengthen the mutual cooperation system between SK Geocentric and its partners,” and added, “The Win-Win Growth Committee will also spare no support to spread a culture of win-win cooperation throughout the industry.”

Na Kyung-soo, President of SK Geocentric, said, “I consider it meaningful that a system enabling growth together with SMEs through win-win cooperation continues,” and added, “We will work with the Win-Win Growth Committee to contribute to resolving polarization and ensure that both large corporations and SMEs can win-win.”

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