16 Companies Recognized for Leading the Adoption of the Supply Price Indexation System

Award Ceremony for Outstanding Companies in Supply Price Indexation Held

The Ministry of SMEs and Startups and the Korea Fair Trade Commission announced on December 4 that they held the '2025 Payment Linked Excellent Company Awards Ceremony' at Mondrian Seoul Itaewon Hotel in Yongsan-gu, Seoul. Now in its third year, the 'Payment Linked Excellent Company Awards Ceremony' is jointly hosted by the Ministry of SMEs and Startups and the Fair Trade Commission, which have operated the payment-linked system as a team. The payment-linked system, implemented since 2023, is a policy that ensures any significant changes in raw material prices after the contract date are fairly shared between contracting parties.

Lee Byungkwon, Second Vice Minister of the Ministry of SMEs and Startups, is giving a greeting at the '2025 Payment Linked Excellent Company Awards Ceremony' held on the 4th at Mondrian Seoul Itaewon in Yongsan-gu, Seoul. Ministry of SMEs and Startups

At the awards ceremony, 16 companies were selected as 'Payment Linked Excellent Companies' and received commendations for either outstanding performance in payment adjustments under payment-linked contracts this year or for actively promoting the system and leading its wider adoption.

Among the 16 recognized companies, 10-including Kia and Daedong-received commendations from the Minister of SMEs and Startups. Six companies, including Doosan Bobcat Korea and Volvo Group Korea, received commendations from the Chairman of the Fair Trade Commission. In addition, a total of seven individuals were recognized for their contributions to establishing fair trade and received commendations from the Minister of SMEs and Startups.

Following the commendation ceremony, a best practices presentation was held, where Kia and Doosan Bobcat Korea, as exemplary operators of the payment-linked system among the 16 awarded companies, shared their outstanding achievements.

The companies selected as Payment Linked Excellent Companies this year will be granted various incentives, including a two-point reduction in penalty points under the Win-Win Cooperation Act, exemption from ex officio investigations under the Win-Win Cooperation Act and the Subcontracting Act for up to two years, and additional points in the evaluation of fair trade agreement implementation.

Lee Byungkwon, Second Vice Minister of the Ministry of SMEs and Startups, stated, "The payment-linked system is an effective policy to mitigate the burden of raw material price fluctuations in an environment where supply chain shocks are repeatedly caused by high tariffs and high exchange rates, as seen this year." He added, "To further expand the adoption of the payment-linked system, we will strengthen practical support such as building a raw material price database, and continue to develop incentives for Payment Linked Excellent Companies in addition to the current fact-finding surveys and exemptions from ex officio investigations."

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