LF Operates Mutual Growth Program for Partner Businesses
LF (Bon-Keul KOO, CEO of www.lfcorp.com) is coming forward for a win-win program for its small- to medium-sized partners.
On the 18th, CEOs of the 41 partners of LF were invited to Makino Chaya in Jongro for a dinner meeting regarding mutual growth. During the meeting, LF introduced and shared its win-win cooperation program.
At the meeting, LF announced its plan to raise a mutual growth fund worth KRW 8 billion to support its 41 small- to medium-sized partners through programs, including direct support and win-win loans. LF also stated that it will strengthen support for nonfinancial sectors such as providing business consultation, training support, and operating report centers for unfair trade practices.
Throughout the year 2015, LF invested a total of KRW 2.1 billion for direct support such as providing interest-free loans and supporting equipment investment for its partner businesses. Meanwhile, LF will raise a total of KRW 5.5 billion in bank savings to support its partners in taking out loans at low interest rates. Additionally, LF will make a KRW 300 million contribution to the Large & Small Business Cooperation Foundation to support small- and medium-sized partners enter the overseas market and recruit excellent talents.
Moreover, LF has established and is currently operating a dedicated department to systematically promote mutual growth. Additionally, it is planning to take bold actions to collect the management issues of its small- to medium-sized partners by holding regular meetings and providing an online platform for communication. Moreover, LF will be strengthening its support for nonfinancial sectors related to the management of partner businesses such as the implementation of the “Business Management Doctor System,” which provides customized business consulting for small- to medium-sized partners, and operating a report center for unfair trade practices.
LF’s COO, Kyu-sik Oh, concerned employees, and the COOs of LF’s 41 partner businesses attended the meeting. During the meeting, excellent partners received appreciation plaques and signboards. The participants shared their difficulties in business management, sought solutions to the problems, and decided to hold regular meetings for mutual growth twice a year.