Partners CSR
For fulfilling CSR, LG Innotek goes together with its suppliers.
LG Innotek selects its suppliers according to fair and transparent procedures and the company pursues such projects as technological innovation, core competency development, management innovation, quality, productivity innovation, etc. in six areas of fair trade, technical support, financial support, management support, human resources and welfare support and communication. LG Innotek also operates "Co-prosperity center", a complaints reporting and handling system to provide an online communication window within the purchase portal site to quickly and accurately respond to inquiries or suggestions. In addition, it regularly visits suppliers to examine the level of cooperation and conducts surveys to identify their satisfaction level and solve problems.
Co-prosperity policy
Right Promise, Better Tomorrow
Leading the market together with suppliers!
- Concentrating core competencies
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· Strategic effectiveness/differentiation
· Promoting supplier-oriented programs
· Increasing education support to suppliers
- Reinforcing partnerships
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· Extending partnerships to 2nd-tier suppliers
· Technical support & protection
· Green partnerships
- Creating tangible results
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· Joint innovation activities
· Performance sharing system
· Purchase guaranteed projects
Projects to support co-prosperity
Fair trade | Management support | Technical support/protection |
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Fair trade and co-prosperity agreement Compliance with 4 major action items |
Management doctor system Performance sharing system Industrial innovation movement Productivity innovation partnership Green SCM |
Joint innovation activity Project of conditional purchase Deposit of technical documents Certification of original document of trade secrets |
Financial support | Training/Welfare | Communication |
Co-prosperity fund Pay for subcontractor Co-prosperity payment system Network loan |
On/Off-line training Recruitment support Operation of on-line welfare mall Watching baseball games with suppliers |
Sharing purchase / co-prosperity policy Visiting primary and secondary suppliers VOS for suppliers Social contribution activities |