NS Home Shopping Strengthens Support for Collaborative Growth with Partner SMEs

'Innovation-Driven Wage Gap Resolution Agreement Ceremony' on the 23rd

NS Home Shopping strengthens support for mutual growth with partner small and medium-sized enterprises. From the left, NS Home Shopping Co-CEOs Jangmok Cho and Sangchul Do, Chairman Ki-Hong Kwon of the Commission for Shared Growth, and Taeyoung CEO Changju Hwang are posing for a commemorative photo at the signing ceremony on the 23rd.

[Asia Economy Reporter Cha Min-young] NS Home Shopping is strengthening support for co-growth with partner small and medium-sized enterprises (SMEs).

On the 24th, NS Home Shopping announced that on the 23rd, it held the 'Innovation-driven Wage Gap Resolution Agreement Ceremony' at its Pangyo headquarters' main conference room to resolve wage gaps based on enhancing the competitiveness of partner SMEs.

The ceremony was attended by Kwon Ki-hong, Chairman of the Win-Win Growth Committee, Do Sang-chul and Cho Hang-mok, co-CEOs of NS Home Shopping, and Hwang Chang-joo, CEO of Taeyoung, representing partner companies.

The main points of the agreement include the introduction of an innovation-driven wage gap resolution win-win cooperation model such as joint investment-type technology development support to aid SMEs in developing innovative technologies and strengthening product competitiveness, productivity improvement support, sharing the results of innovation activities, and compliance with the 'Three Principles of Proper Payment.'

Through this agreement, NS Home Shopping will support a total of 58 billion KRW over three years from 2020 to operate an innovation-driven wage gap resolution win-win cooperation program suited to the characteristics of the home shopping industry.

Based on this, NS Home Shopping plans to operate practical win-win cooperation programs that SMEs can feel, including ▲joint product planning and development ▲distribution and packaging technology development ▲video production cost support ▲product improvement ▲sales commission support broadcasting ▲overseas expansion support ▲startup company nurturing ▲win-win growth cooperation loans.

Kwon Ki-hong, Chairman of the Win-Win Growth Committee, said, "As the prolonged COVID-19 pandemic has made it important for SMEs to develop sales channels through online and mobile platforms, I consider it meaningful to have signed an agreement with NS Home Shopping," adding, "I hope this agreement will become a spark for overcoming COVID-19 for small partner companies facing difficulties."

Cho Hang-mok, co-CEO of NS Home Shopping, said, "The trust built through co-growth with small partner companies is the foundation for NS Home Shopping's sustainable growth," and added, "We will faithfully implement this agreement so that it becomes a good example of resolving wage gaps and overcoming polarization between companies."