Taekwang Group ShoppingNT Selected as an Excellent ESG Shared Growth Company

Recognition for Contributions to Supporting SME Market Access and Sales Activation
Including Corporate Product Programming

On the 10th, Shopping NT (corporate name TRN), a data home shopping company under Taekwang Group, was selected as an excellent company in the ESG Co-prosperity Growth category at the '18th National Sustainable ESG (Environment, Social, Governance) Conference' held at Lotte Hotel in Sogong-dong, Seoul, and received the 'Co-prosperity Growth Committee Chairman Award.'

Shopping NT stated that the reason for this award is that it programs more than 70% of its broadcasts with small and medium-sized enterprise (SME) products to help SMEs develop sales channels and boost sales, and actively participates in TV home shopping support projects conducted by the SME Distribution Center and local governments.

In addition, it operates various policies for co-prosperity growth, including ▲win-win loan systems ▲advance payment of sales proceeds ▲fixed commission refunds ▲support for broadcast video production. In recognition of these efforts, it received a commendation from the Minister of SMEs and Startups in December 2022.

Furthermore, to promote mutual growth with partner companies and prevent unfair trade practices, it operates a fair trade self-compliance program and fulfills the public responsibilities of broadcasters through donations of SME products to local communities and fund support for broadcast development.

Now in its 18th year, the 'National Sustainable ESG Conference' is an awards ceremony that raises awareness of the necessity of sustainable management and selects companies and institutions that are exemplary in promoting it. This event was co-hosted by the Korea Journalists Association and Korea University ESG Research Institute, with support from nine government ministries including the Ministry of Economy and Finance, Ministry of Foreign Affairs, and Ministry of Health and Welfare.

Han Sang-wook, CEO of TRN, said, "In accordance with Taekwang Group's announced five-year ESG management plan, Shopping NT is also striving for ESG trust management. I am pleased that Shopping NT’s organizational culture, which values co-prosperity as an important value, has been recognized, and based on this, we will continue to work hard for co-prosperity growth with SMEs."

Shopping NT is making efforts not only to support SMEs but also to strengthen communication among executives and employees and foster a culture of mutual respect, practicing ESG trust management and corporate social responsibility both internally and externally.

Meanwhile, Taekwang Group has been working on improving the overall group’s structure, starting with the launch of the 'Future Committee' in October last year to establish an ESG-centered management system, followed by the announcement of the 'Five-Year ESG Management Plan' in November. To this end, ESG committees have been launched in each affiliate, including TRN, Taekwang Industrial, Daehan Chemical Fiber, Heungkuk Life Insurance, Heungkuk Fire & Marine Insurance, Heungkuk Asset Management, and Korea Savings Bank.

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