Namyang Dairy Products, 10 Years of Win-Win Management with Dealerships... Earns 'Excellence' in Fair Trade Agreement

Supporting Dealerships with Various Welfare Programs
through the Win-Win Council since 2013

Namyang Dairy Products has been recognized by the Fair Trade Commission for its achievements in strengthening cooperative systems as it marks the 10th year of win-win management with its dealerships.

Namyang Dairy Products has been awarding scholarship certificates to recipients using the 'Family Scholarship' program implemented since 2013.
[Photo by Namyang Dairy Products]

According to Namyang Dairy Products on the 31st, since 2013, the company has held quarterly win-win meetings with representatives of dealerships nationwide to listen to difficulties in the sales field and then prepare improvement plans to reflect in operations. To overcome the adverse effects of the economic downturn and rising prices caused by COVID-19, the company and dealerships have put their heads together to discuss ways to revitalize sales of major brands, expanding communication. Additionally, the company introduced the industry's first 'Voluntary Cooperative Profit Sharing System,' which shares profits based on prior agreements, distributing a total of about 320 million KRW in win-win funds among approximately 500 dealerships nationwide.

This is the result of conducting a fact-finding survey on the overall sales environment and supplementing the system to prevent the recurrence of the so-called 'dealership gapjil' incident that emerged in 2013. To strengthen cooperative relationships, the company also established the 'Family Scholarship' to support the tuition fees of dealership children. Over the past 11 years, it has supported a total of 963 recipients with 1.25 billion KRW. In addition, childcare products are provided upon the birth of children and grandchildren, and travel gift certificates worth about 1 million KRW are given to dealership owners with long-term service of 25 years or more. Through an emergency living fund interest-free loan system, assistance is provided when urgent funds are needed due to illness or injury.

Due to these activities, Namyang Dairy Products received an 'Excellent' grade last year in the Fair Trade Commission's fair trade agreement in the dealership sector. The company achieved good results in fairness of contracts and prevention/compliance with legal violations by using and disclosing standard contracts, and establishing objection procedures related to receipt/payment amounts and contract termination by dealerships.

A Namyang Dairy Products official said, "We continue various activities such as improving the sales system and expanding various welfare programs for win-win cooperation with dealerships," adding, "We will continue to strive to be a small but significant support to all those who work with Namyang Dairy Products, including dealership owners and affiliates."

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