LG Innotek Hosts Win-Win Growth Day... CEO Moon Hyuksoo "Creating Value Through Practical Cooperation"

Strengthening Fair Trade and Collaborative Growth with Partner Companies

LG Innotek announced on the 23rd that it held the '2024 Win-Win Growth Day' at its headquarters in LG Science Park, Magok, Seoul.

Win-Win Growth Day is an event held since 2010 with the purpose of mutual cooperation for the co-growth and fair trade between LG Innotek and its partners. This year, it was held under the slogan "Beautiful Journey Together with Partners." About 50 people attended, including LG Innotek CEO Moon Hyuk-soo, LG Innotek executives, and representatives of partner companies.

Moon Hyuk-soo, CEO of LG Innotek (third from the left), is cutting a rice cake cake with partners at the '2024 Win-Win Growth Coexistence Day' held on the 22nd at LG Science Park in Magok, Seoul. / Photo by LG Innotek

On this day, LG Innotek signed the '2024 Fair Trade and Win-Win Growth Agreement' with about 100 partner companies. Going forward, it plans to promote win-win growth programs for partners in the fields of finance, education, technology, and management. In this process, a total of 143 billion KRW worth of win-win growth funds will be raised this year. These funds will be used to provide financial support to partners at interest rates lower than those of commercial banks.

LG Innotek will also operate the 'Partner Capability Enhancement Training Center' for about 150 partner companies from this year until 2027. It will continuously operate the 'Smart Factory Construction Support Program,' which supports part of the construction costs for partners promoting factory automation. This is to reduce the investment burden on partners while helping to improve production capabilities.

To actively communicate with partners, the company will hold the 'CEO Partnership Day.' CEO Moon plans to personally visit partners to listen to their difficulties and exchange information, strengthening on-site communication activities.

CEO Moon said, "Although the business environment is challenging, LG Innotek and its partners must continue to grow based on trust," adding, "We will create differentiated customer value with partners through practical win-win activities."

Meanwhile, LG Innotek has been recognized for its efforts in win-win cooperation, receiving the highest grade in the Win-Win Growth Index evaluation for seven consecutive years from 2017 to last year.

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