LS, Partner CEO Forum Successfully Held... "Growing Together as Partners"

Myeong Nohyun Vice Chairman "Partners, Not Just Simple Vendors"

LS Group gathered CEOs of partner companies to hold a forum and reaffirmed their commitment to grow together as partners. Myung Noh-hyun, Vice Chairman of LS Corporation, emphasized creating an ecosystem that grows with partner companies and listening attentively to their opinions.

Myung Nohyun, Vice Chairman of LS Corporation, is delivering a welcome address at the 2024 LS Partner Companies CEO Forum held on the 11th at LS Miraewon in Anseong-si, Gyeonggi-do.
[Photo by LS]

On the 14th, LS announced that it held the 'LS Partner Company CEO Forum' on the 11th at LS Miraewon, the group’s training center in Anseong, Gyeonggi Province. Marking its third year, the forum was attended by about 30 chief procurement officers (CPOs) from major affiliates including Vice Chairman Myung, and over 80 representatives from LS partner companies such as Hanmi Electric Wire, Seongsin Electric, Entec ENG, and Taesan Machinery Industry.

In his welcoming remarks, Vice Chairman Myung said, "We held this forum to invite partner company representatives to share information helpful for management activities and to communicate," adding, "Going forward, LS Group will continue to create an ecosystem that grows together with partner companies and actively listen to their opinions." He further stated, "Partner companies are not just simple vendors but valuable partners of LS with whom we will grow together."

LS provided the partner company CEOs with special lectures on tax-related information and stress management. CPOs from LS Cable & System, LS Electric, LS MnM, and representatives from partner companies shared plans for mutual growth.

Jeon Tae-hwan, CEO of Taesan Machinery Industry, an LS Mtron partner company, said, "I believe that establishing a relationship with LS through this forum was truly a good decision," and added, "I feel proud to grow together with LS, which has outstanding capabilities."

Meanwhile, each LS affiliate is engaged in various support activities for partner companies. LS Cable & System is conducting joint safety inspections and improvements with partner companies to reduce accident rates, as well as identifying and addressing unsafe and nonconforming issues. LS Electric signed a cooperation agreement in 2022 with the Foundation for Cooperation between Large, Small, and Medium Enterprises and Agriculture, Forestry, and Fisheries, contributing about 10 billion KRW annually to expand the establishment of smart factories for small and medium enterprises. LS MnM operates a win-win fund by raising 10 billion KRW to support loan interest for partner companies and enhances convenience by settling payment for supplies in cash.

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