Strengthening the Foundation for Managerial Stability
To promote our suppliers’ managerial stability, Coway provides financial support and other forms of support, including participation in overseas exhibitions.
| Fund Support |
Operate fund support system of KRW 20 billion for win-win fund and no-interest fund with an upper limit of KRW 3 billion |
| Payment of Amounts |
Pay 100% of amounts due in cash within 10 days upon delivery |
| Adjustment of Delivery Unit Price |
Adjust delivery unit price reflecting increase of raw material price within 30 days upon supplier’s request |
| Payment Method |
Cash (cashable) payment ratio 100% |
| Expansion of Sales |
Support joint marketing, participation in overseas exhibitions, etc. |
| Performance in 2016 |
- Support fund : KRW 12.4 billion
- Improvement of payment conditions: 10days
|
- Payment method : 100%(Cash)
- Overseas exhibitions : 3 times
- Purchase consultations : 3 times
|
Support of Infrastructure for Growth
For the continuous growth of its suppliers, Coway carries out various activities to strengthen its management infrastructure, such as training, technical support and hiring of talented people.
| Training Support |
Operate training courses for fostering talent working for suppliers according to their class and competency |
| Technical Support and Protection |
Provide technical support and operate technical protection programs to secure technical competitiveness of suppliers |
| Job Fair |
Support participation in job fairs, manpower fostering programs, etc. |
| Carbon Partnership |
Establish green partnership to support reduction of carbon emission |
| Reliability Technical Support |
Provide reliability-related technical support such as part test, breakdown analysis, etc. |
| Performance in 2016 |
- Total trainees : 880 people
- Joint development : 15 cases
|
- Total support amount : KRW 2.9 million
- Technology protection : 17 cases
- Productivity : improved 225%
|
