Samsung 2006 Annual Report Download - page 63

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53
Co-prosperity
Partnering with
suppliers to become
a world-leading
company
As a member of society, we embrace the spirit of
growing together. We are dedicated to promoting the
prosperity of both local communities, the foundation of
all enterprise, and society in general.
We support and nurture our suppliers to maintain
market-leading competitiveness. In 2004, we announced
a comprehensive supplier support plan worth KRW1
trillion over five years. A total of KRW403.3 billion was
provided during the first three years of this plan, with
KRW166.1 billion spent in 2006 alone.
Part of these funds in 2006 were provided as
interest-free loans, giving small/mid-sized companies
access to the hard-to-get investment capital they need
to build new facilities and localize more of their product
content. We also dispatched our engineers to suppliers
to provide training and other technical support. Finally,
we gave financial grants to help suppliers train their
people. In the future, Samsung will continue to partner
closely with suppliers to ensure sustainable growth
under any economic circumstances.
Samsung Partners’ Day 2007 (above, below)