LS Materials Selected as 'Excellent Labor-Management Culture Company' by Ministry of Employment and Labor

Building a Collaborative Labor-Management Culture
Recognizing Efforts to Create a Zero-Accident Work Environment

LS Materials announced on the 13th that it has been selected as an 'Excellent Labor-Management Culture Company of 2024' by the Ministry of Employment and Labor.

The Ministry of Employment and Labor selects companies that exemplarily practice a labor-management culture of coexistence and cooperation as excellent companies every year. Selected companies receive various administrative and financial benefits, such as exemption from regular labor inspections (up to 5 years), tax audit deferrals, and preferential loan interest rates.

At the 'Excellent Labor-Management Culture Company' certification ceremony held on the 13th at the LS Materials headquarters in Anyang, Gyeonggi Province, attendees are taking a commemorative photo. (From left) Lee Hee-young, COO of LS Materials; Hong Young-ho, CEO of LS Materials; Lee Hu-song, Director of the Anyang Branch of the Ministry of Employment and Labor; Lim Jang-ho, Chairman of the LS Materials Labor Union. [Photo by LS Materials]

LS Materials was highly evaluated for building a cooperative labor-management culture without labor disputes since its establishment and for creating a zero-accident work environment for all employees. It was also recognized for its efforts to create a safe workplace to achieve zero-accident goals by conducting joint labor-management safety inspections every quarter.

Hong Young-ho, CEO of LS Materials, said, "Based on trust and mutual cooperation, we will further strengthen labor-management relations that prevent conflicts in advance and cooperate to achieve management goals."