Since 2011, Coway has operated the “Belief in Goodness Consultative Group” to promote autonomous communication among suppliers and increase their competitiveness through mutual comparison and analysis. The Consultative Group is a representative win-win program in which over 100 of Coway’s Tier 1 and Tier 2 suppliers participate, facilitating communication among themselves. In 2016, Coway established the “Belief in Goodness Consultative Group 2.0” to move beyond its existing role as a communication channel and encourage suppliers’ voluntary innovation. The Belief in Goodness Consultative Group 2.0, composed of the Smart Factory training course, Win-win Renovation course, Win-win guidance of primary and secondary suppliers, etc., contributes to suppliers’ voluntary innovation and capacity-building, and establishes a new culture of shared growth among suppliers.
Trust Partners Day is a program for sharing the outcomes of win-win cooperation among suppliers and promoting continuous shared growth. In an event for reflecting on the outcomes achieved in 2016, we announced “Coway Trust with Partners” as the slogan for shared growth in 2017. We also reaffirmed our intent to put the “Coway Trust” motto into action with our suppliers. We signed fair trade agreements for building and settling a sustainable manufacturing ecosystem with 150 Tier 1 and Tier 2 suppliers.
