LS Vice Chairman Myeong Nohyun: "Strengthening Strategic Partnerships for Shared Growth with Partners"

LS Group Successfully Concludes Partner Company CEO Forum

Myeong Nohyun, Vice Chairman of LS Corporation, emphasized, "As uncertainty in the business environment continues to intensify due to global power competition, we must strengthen strategic partnerships with our partner companies and open the path to shared growth together."

At the 'LS Partner Company Chief Executive Officer (CEO) Forum' held on the 22nd at the LS Future Institute, the training center of LS Group, Vice Chairman Myeong stated, "The steady growth of LS Group over the past five years is the result of building an ecosystem where we have grown together as true partners with our partner companies." The LS Partner Company CEO Forum, which began in 2022, is held annually to provide time for mutual exchange with partner companies and lay the foundation for shared growth.

At the 'LS Partner Company Chief Executive Officer (CEO) Forum' held on the 22nd at the LS Future Institute, the training center of LS Group, representatives of partner companies are taking a commemorative photo. LS

This year's forum was attended by Vice Chairman Myeong, 30 Chief Procurement Officers (CPOs) from major affiliates, and about 80 representatives from key LS Group partner companies, including Hanmi Electric Wire, Hyein Electric, Taekyung BK, and Hyzen R&M.

LS Group provided partner company CEOs with special lectures on the latest laws and regulations, such as the Industrial Safety and Health Act, as well as health management. In addition, CPOs from major LS Group affiliates-LS Cable & System, LS ELECTRIC, and LS MnM-shared their plans for shared growth with partner company representatives, reaffirming their commitment to mutual prosperity.

Kim Minki, CEO of Hyein Electric, said, "Through this forum, I once again realized that our relationship with LS goes beyond simple business to become a true partnership based on mutual trust and a shared vision. I look forward to continuing on the path of ongoing innovation and growth together with LS." Hyein Electric is a partner company of LS ELECTRIC.

Meanwhile, each affiliate of LS Group is carrying out various initiatives to support partner companies. LS Cable & System is working with partners to reduce the accident rate through joint safety inspections and improvements, as well as identifying and addressing unsafe or non-compliant issues. Since signing an agreement with the Korea Commission for Corporate Partnership in 2022, LS ELECTRIC has contributed approximately 10 billion won annually to a shared growth fund, expanding the establishment of smart factories to enhance the manufacturing competitiveness of small and medium-sized enterprises. LS MnM has established a 10 billion won fund to operate a shared growth fund that supports partner companies' loan interest payments and enhances convenience by paying supply costs in cash.