Samsung Electronics was the first Korean company to receive the highest grade for 11 consecutive years in the ‘2021 Shared Growth Index Evaluation’ selected by the Shared Growth Committee.
Samsung Electronics is the only company to have received the highest rating for 11 consecutive years since 2011, when the win-win growth index evaluation was introduced. Last year, it was also chosen as the ‘Best Honorary Company’ given to a company that received the highest grade for three consecutive years.
The win-win growth index is a quantitative index that evaluates and quantifies the level of win-win growth for each company each year to promote win-win growth between large and small businesses.
Samsung Electronics conducts various win-win cooperation activities under the core value of ‘Pursuing Win-win and Jeong-Do Management’, and expands the horizon of win-win cooperation by supporting not only primary suppliers, but also secondary and tertiary. suppliers, as well as non-traded SMEs. .
In 2005, Samsung Electronics became the first Korean company to pay the transaction amount to a partner in cash, taking the lead in improving the payment culture for transactions by domestic companies.
In 2017, we established a price support fund (500 billion won) to support transactions between 1st and 2nd tier suppliers, and a price support fund (300 billion won) dedicated to tertiary suppliers in 2018, so that the transaction amount can between suppliers that. pay in cash within 30 days, interest free loan. In addition, not only raw material prices but also the increase in the minimum wage are reflected in the supply unit price.
Since 2010, Samsung Electronics has established a win-win fund worth 1.4 trillion won to provide low-interest loans to partner companies for technology development and facility investment. In addition, since 2010, incentives worth 500 billion won have been paid to semiconductor suppliers to prevent safety accidents and improve quality.
Samsung Electronics operates the ‘Consultancy Centre’, a win-win collaboration academy comprising experts in manufacturing, quality, development and purchasing.
Through this, we support factory operation optimization and manufacturing and quality innovation by discovering and improving partner companies’ problems such as reduced productivity and defects. In addition, it helps improve cost competitiveness by improving inefficiencies and reducing costs by transferring Samsung Electronics’ cost innovation cases accumulated over the years to partner companies. For the past nine years, the company has provided consulting services to over 1,600 partner companies, all free of charge.
In addition, in order to support partner companies to discover future growth engines, we have been holding technology briefings to introduce technologies owned by domestic universities and research institutes since 2009. The patents held by Samsung Electronics were opened to businesses small and medium-sized non-trading, and approximately 1,900 cases were transferred free of charge until August this year.
Since 2013, it has contributed about 20 billion won to the ‘joint investment type technology development project’ with the Ministry of Small and Medium Enterprises and Startups. This year, an additional 30 billion new fund will be created to support next generation technologies and ESG technologies for five years.
Samsung Electronics supports the development of human resources through the ‘win-win cooperation academy’ established in 2013 for shared growth with business partners.
This place is a ▲ ‘consulting center’ that supports the innovation of partner companies ▲ an ‘education center’ that supports education courses such as innovation, job duties, technology, and leadership ▲ a ‘young job site’ that supports recruiting talent from partner companies that have difficulties in securing a talent centre’, etc.
Various education programs corresponding to Samsung’s employee training course were provided to 160,000 employees of partner companies, and 4,500 employees were recruited through Samsung’s partner job fairs and online recruitment centers for partner companies. From the second half of this year, it has been developed into a ‘tailored comprehensive consultancy for business partners’ which efficiently supports consultancy/education/recruitment support activities which have been carried out separately until now, and is running a pilot campaign.
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Since 2015, Samsung Electronics has been supporting the establishment of smart factories tailored for the manufacturing innovation of poor SMEs.
Since 2018, in cooperation with the Ministry of Small and Medium Enterprises and Start-ups and the Korea Federation of Small and Medium Businesses, about 200 Samsung experts have been deployed in the field to provide comprehensive support for manufacturing site innovation, workforce training, and subsequent management. To this end, Samsung Electronics and the Ministry of Small and Medium Enterprises and Startups will invest a total of 100 billion won and 10 billion won each year until 2022.
