Samsung SDI said Wednesday it will help reduce the wage gap between the company and its contractors as part of efforts to seek co-prosperity.
South Korea’s leading lithium-ion battery maker, an affiliate of Samsung Electronics, will run a 132.2 billion won ($113 million) worth program to support its contractors to increase wages of their employees. It has signed a trilateral agreement for this with suppliers and Korea Commission for Corporate Partnership.
Samsung SDI CEO Jun Young-hyun (middle) introduces battery components to Kwon Ki-hong, chairman of Korea Commission for Corporate Partnership, at Samsung SDI Co-Growth Day held in Suwon, Gyeonggi Province, on Tuesday. (Samsung SDI)
“Through the agreement to ease the wage gap, we will contribute to establishing a virtual cycle in the ecosystem of the battery industry in pursuit of growth with our partners,” said Samsung SDI CEO Jun Young-hyun.
By Song Su-hyun (song@heraldcorp.com)
