Samsung Electronics, SKT, and 41 Companies Achieve Best 'Win-Win Growth' Record High

Announcement of the "2022 Dongban Seongjang Index Evaluation Results"
Samsung Electronics Achieves Top Grade for 12 Consecutive Years

Samsung Electronics, SK Telecom, Kia, and 38 other companies were selected as ‘Best Companies’ in the win-win growth sector.

Oh Young-gyo, Chairman of the Win-Win Growth Committee (center), is greeting at the briefing on the '2022 Win-Win Growth Index Evaluation Results' held on the 18th at the Marriott Hotel in Seocho-gu, Seoul.

The Win-Win Growth Committee announced the ‘2022 Win-Win Growth Index Evaluation Results’ for 214 large and medium-sized enterprises on the morning of the 18th. The Win-Win Growth Index, aimed at promoting win-win growth between large and small-medium enterprises, is calculated by combining the comprehensive evaluation by the Win-Win Growth Committee and the Fair Trade Commission’s evaluation of fair trade agreement compliance.

The highest ‘Best’ grade was awarded to 41 companies, marking a record high, including Kia, Naver, Daesang, Samsung Display, Samsung C&T, Samsung Electronics, Cheil Worldwide, POSCO, Hyundai Mobis, Hyundai Motor Company, CJ CheilJedang, KT, LG Electronics, LG Chem, SK Ecoplant, and SK Telecom. Lotte Chemical, Samsung SDI, Hanwha, and Lotte Data Communication were awarded the ‘Best’ grade for the first time.

‘Excellent’ was given to 62 companies, ‘Good’ to 73 companies, ‘Average’ to 23 companies, and ‘Poor’ to 9 companies. Six companies under legal violation review or criminal prosecution were excluded from the announcement and their final Win-Win Growth Index grades were withheld.

Since the start of the Win-Win Growth Index evaluation in 2011, Samsung Electronics has received the ‘Best’ grade for 12 consecutive years. SK Telecom has achieved it for 11 years, Kia for 10 years, Hyundai Transys, KT, and SK Corporation for 9 years, LG Chem for 8 years, Naver, LG Innotek, and SK Ecoplant for 7 years, and Samsung Display, Samsung SDS, Hyundai Engineering, and LG CNS for 6 years. The number of ‘Best Honor Companies’ that received the ‘Best’ grade for three consecutive years increased from 25 companies in 2021 to 28 companies last year.

The government plans to provide incentives to companies with ‘Excellent’ grades or higher, including exemption from the Fair Trade Commission’s ex officio investigations, exemption from the Ministry of SMEs and Startups’ consignment transaction surveys (biennial), and additional points in the Public Procurement Service’s pre-qualification (PQ) for public bidding.

The Win-Win Growth Committee explained, “This announcement differentiated large and medium-sized enterprises by grade, revealing that large companies have a very high proportion of ‘Best’ and ‘Excellent’ grades, while medium-sized enterprises account for a large proportion of ‘Good,’ ‘Average,’ and ‘Poor’ grades, indicating that medium-sized enterprises require more effort and more focused support from the Committee.”

In the 2023 evaluation to be announced next year, a new indicator for ‘Creative and Voluntary Mutual Growth Activities Support’ will be introduced. This is to broadly evaluate large companies’ creative and impactful mutual growth activities.

Oh Young-kyo, Chairman of the Win-Win Growth Committee, emphasized, “We will create an environment where companies that receive excellent evaluations in the Win-Win Growth Index are socially recognized and respected,” adding, “We plan to continuously improve the evaluation system to enhance its acceptance in line with rapidly changing industrial environments.”

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