Dongbanwi-LG Innotek, Continuously Discovering ESG Co-Growth Models

Gyeongbuk Gumi K&P Co., Ltd. 'ESG Excellent Small and Medium Enterprise' Plaque Ceremony

On the 27th, the Korea Commission for Corporate Partnership and LG Innotek held a plaque ceremony for 'Outstanding ESG Small and Medium Enterprises' at the headquarters of K&P Co., Ltd. in Gumi-si, Gyeongbuk, and signed an agreement to participate in the '2024 Partner ESG Support Project.'

Since 2022, the Commission and LG Innotek have supported partner companies struggling to establish ESG management systems due to budget and manpower shortages to efficiently respond to global ESG management demands. Through this agreement, both parties will continue the ESG support project for the third consecutive year.

Both parties plan to jointly develop and provide ESG evaluation indicators specialized for partner companies in the electrical and electronics industry. They will also select partner companies with insufficient ESG self-assessment results to provide ESG consulting support, promoting activities to improve ESG capabilities.

K&P Co., Ltd., which held the plaque ceremony that day, is a key partner company manufacturing SMT electronic circuit boards and was selected as an outstanding small and medium enterprise in 2023 with an ESG compliance rate of 88.5%.

Companies that receive the Outstanding ESG Small and Medium Enterprise certificate can enjoy various incentives such as preferential interest rates (Shinhan, KEB Hana, Gyeongnam, Kookmin Bank), preferential support for overseas expansion projects (KOTRA, KOICA), and environmental and energy technology support (Korea Environmental Industry & Technology Institute, Korea Institute of Energy Research).

Park Chi-hyung, Director of Operations at the Commission, stated, "With this agreement, LG Innotek will participate in the ESG support project for the third consecutive year, and we will continue joint efforts to enable more partner companies to practice ESG management." He added, "The Commission will prepare various programs to strengthen ESG response capabilities across supply chains between large and small-medium enterprises."

Lee Yong-gi, Senior Executive Director of LG Innotek’s Purchasing Center, said, "To become a sustainable LG Innotek, building a sustainable supply chain is essential," and added, "We will continue to support the growth of partner companies through practical win-win activities."

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