Dongbanwi-E-Land Retail, Win-Win Growth Agreement to Resolve Polarization Between Large and Small-Medium Enterprises

Strengthening Win-Win Management Through Operation of Support Programs for Small and Medium Partner Companies

The Commission for Shared Growth and E-Land Retail signed a voluntary agreement to resolve polarization on the 27th at the Westin Chosun Seoul (Jung-gu, Seoul).

The signing ceremony was attended by Oh Young-kyo, Chairman of the Commission for Shared Growth, Yoon Sung-dae, CEO of E-Land Retail, and about 100 small and medium-sized enterprises (SMEs) partnering with E-Land Retail. E-Land Retail decided to operate a support program worth 9.6 billion KRW over the next three years to promote shared growth with its partners.

Oh Young-gyo, Chairman of the Win-Win Growth Committee, is delivering a greeting before the signing of the agreement.
[Photo by Win-Win Growth Committee]

Through this agreement, E-Land Retail will strive to comply with the three principles of proper payment in subcontracting, consignment, delivery, and service transactions. Additionally, it will support partner SMEs by providing welfare benefits, operating a performance-sharing system, and establishing a shared growth fund to help strengthen their competitiveness.

Partner SMEs will endeavor to △ enhance innovation efforts such as productivity improvement, △ improve product and service quality and price competitiveness, and △ improve employee working conditions and expand new employment.

The Commission for Shared Growth will actively cooperate to facilitate the resolution of polarization and shared growth activities between E-Land Retail and partner SMEs by △ providing opportunities for technology and purchasing consultations and △ supporting the identification and promotion of best practices.

Oh Young-kyo, Chairman of the Commission for Shared Growth, stated, "Through this agreement, we have reaffirmed E-Land Retail’s strong commitment to coexistence as a leading company in shared growth," and added, "The Commission will do its best to support E-Land Retail in continuously discovering and expanding shared growth models that fit the characteristics of the distribution industry."