LG Innotek has secured the highest grade in South Korea’s 2025 Win-Win Growth Index assessment for a tenth year in a row, according to The Korea Times. The company has held the top rating in every assessment since 2016.
The index, run by the Korea Commission for Corporate Partnership, measures how companies support shared growth with suppliers. South Korea’s government briefing says 231 companies were assessed on their 2025 performance and placed in one of five categories. ...
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Forty-four received the top grade, while 69 were rated excellent, 81 average, 24 inadequate and 13 very inadequate.
The government briefing also points to a mixed picture in broader supplier relations: the average score for companies’ shared-growth performance rose from 57.56 to 62.58, while small businesses’ average perception score edged down from 73.47 to 73.09. It says future assessments may take greater account of differences between industries and could extend to second- and third-tier suppliers.
LG Innotek says its supplier support ranges from financing and production improvements to training, workplace safety and protection of business technology. Its partnership fund, established in 2010, is worth 143 billion won and offers loans at below-market rates. The company says it has provided a cumulative 304 billion won in financing to 130 suppliers.
Support for production includes advice on smart-factory development and access to a specialist training centre. The company added artificial intelligence courses last year, aimed at strengthening suppliers’ capabilities on factory floors. At a supplier partnership event described in LG Innotek’s newsroom, the company also outlined a smart-factory scheme that can cover up to 60 per cent of eligible construction costs for businesses needing help with automation.
More recent initiatives have focused on safety and technology security. LG Innotek says it has introduced risk-assessment training and comprehensive health checks for employees at supplier companies and local small and medium-sized businesses. It also offers help with security systems, government-backed technology-protection vouchers and advice on protecting trade secrets.
The company says it has helped five suppliers obtain ISO 45001 certification, the international standard for occupational health and safety management systems. Its wider supplier ESG approach includes self-assessments and site visits: LG Innotek reports that 881 suppliers participated in its ESG assessment process in 2025, with 294 completing self-assessments and 50 receiving on-site reviews. Those figures are company-reported and do not independently establish the impact of the programmes.
Annual supplier camps and academies provide a forum for partners to raise concerns and discuss market pressures, including supply-chain carbon neutrality and the adoption of AI. The company says these gatherings are also intended to share practical experience and strengthen collaboration.
“Being named an outstanding company for 10 consecutive years reflects our efforts to enhance competitiveness and achieve mutual growth through close cooperation with our suppliers,” CEO Moon Hyuk-soo said.
“We will continue to strengthen support programs that deliver tangible benefits to our suppliers and help foster a healthy industrial ecosystem and a virtuous cycle of growth.”
Source: Noah Wire Services
