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1 Creating a Fair Trade Culture
- Instructing legal and institutional compliance to members
- Introducing standard subcontracts
- Practicing Jeongdo Management, CP Activities
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2 Providing financial support
and improving payment conditions- Establishing 150 billion won in investment funding for mutual growth
- Offering special funding from LG Energy Solution
- Introduction of mutual growth payment system
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3 Pursuing mutual growth through
safe environments
and eco-friendly business- Evaluation of facilities and workplace safety
- Sharing eco-friendly partnership
- Establishing inspection systems for material compositions
- Agreement for mutual growth through safety and health
- Support for acquiring safety and health management certification (Kosha18001)
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4 Building capacity of suppliers
- Using domestic parts and equipment
- Technical support for suppliers
- Support for product analysis and testing
- Protection for supplier technologies (joint patent applications)
- Support in domestic and foreign markets
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5 Sharing information and exchanging ideas
- Operating purchasing portals
- Operating cooperative channels for mutual growth with SMEs
- On-site visits and meetings with suppliers
- Operating grievance feedback channels for suppliers
Winwin Growth
LG Energy Solution has established and implemented a mutual growth policy that fosters a fair trade culture and supports the long-term and substantial growth of our suppliers. Through this policy that provides various support, we are working hard to establish a sustainable shared growth system that strengthens cooperative relationships and enhances the competitive edge of suppliers.