Minister Han Seong-sook of the Ministry of SMEs and Startups met with large corporations for the first time since taking office and called for cooperation with small and midsize companies. Han said, "Win-win growth is not a choice but a strategic solution for survival to break through and leap forward in an era of uncertainty."
The Ministry of SMEs and Startups said on the 23rd that it held a "meeting to promote win-win cooperation between large and small and midsize companies" at The Federation of Korean Industries conference center and discussed ways to spread a culture of win-win cooperation and build a joint strategic partnership.
This meeting is the first official communication with large corporations since Minister Han Seong-sook took office. It was arranged for large corporations and the government to seek a new direction for win-win cooperation and discuss institutional supplementation measures.
Executives overseeing win-win cooperation at major corporations such as Samsung Electronics, Hyundai Motor, SK, LG, Lotte, and Hanwha, as well as officials from The Federation of Korean Industries and the Foundation of Korea Commission Corporate Partnership, attended the event. They shared the status and best practices of each corporation's win-win cooperation efforts and exchanged opinions on cooperation plans.
Minister Han Seong-sook of the Ministry of SMEs and Startups (MSS) said, "Win-win growth should be institutionalized as a sustainable growth structure, not temporary support," adding, "The government will expand the scope of win-win cooperation beyond traditional manufacturing-centered subcontracting relationships so that it can respond proactively to a rapidly changing economic environment, including platforms, distribution, and finance."
She added, "We will work to enhance the effectiveness of the win-win cooperation fund and to ensure the swift establishment of the system linking delivery prices, so that a fair transaction culture can take root," and "As a facilitator that promotes the growth of corporations, the government will do its best to ensure that various win-win cooperation efforts bear abundant fruit."
The meeting also shared win-win models being pursued by six large corporations. Samsung Electronics is expanding the innovation ecosystem by distributing smart factories and nurturing Start - Up, and Hyundai Motor is focusing on strengthening the competitiveness of its partners amid the transition to future vehicles.
SK is expanding an ESG-based win-win model through free patent transfer and operation of a technology cooperation platform. LG Electronics is expanding win-win payments and supporting partners in securing next-generation technologies.
Lotte is supporting market expansion and overseas exports for small and midsize companies, and Hanwha is strengthening its support system for defense partners to vitalize K-defense.
The win-win efforts of large corporations are being evaluated as a representative strategic solution to respond to an uncertain industrial environment, including global supply chain reorganization, technological hegemony competition, and the spread of ESG.
The Minister noted, "The win-win cooperation fund surpassing 3 trillion won in the 15th year since the system was implemented is a valuable achievement made together by large and small and midsize companies."