LG Innotek has earned the highest rating in South Korea's annual corporate shared growth assessment for the 10th consecutive year, recognizing its efforts to support suppliers through financing, technology assistance and workforce training.
The company said Wednesday it received the top grade in the 2025 Shared Growth Index compiled by the Korea Commission for Corporate Partnership, maintaining its highest rating since 2016.
The index evaluates major companies' efforts to strengthen cooperation with smaller business partners and promote shared growth.
LG Innotek has expanded its supplier support programs, focusing on financial assistance, factory automation, environmental, social and governance management and employee training.
Through a 143 billion won ($107 million) shared growth fund established in 2010, the company has provided a cumulative 304 billion won in financing to 130 suppliers. Its low-interest rates also fall below those of commercial banks.
It also helps suppliers improve productivity through smart factory development and technical training at its Partner Competency Training Center, which added artificial intelligence courses last year.
This year, LG Innotek expanded its support for industrial safety and technology protection, introducing risk assessment training and health screenings for employees of partner companies and local small businesses.
The company also provides consulting on preventing technology leaks through government-backed programs and has helped five suppliers obtain ISO 45001 certification for occupational health and safety management.
To strengthen communication, LG Innotek holds annual meetings with suppliers to discuss business challenges and share best practices. Its training programs also cover global economic trends, supply chain carbon neutrality and AI-driven business transformation.
"Being named a top company for 10 consecutive years reflects our efforts to strengthen competitiveness and achieve shared growth through close cooperation with our partners," LG Innotek CEO Moon Hyuk-soo said. "We will continue to expand support that delivers practical benefits to our partners."
jyoungseon8@heraldcorp.com
