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035034
2014 Samsung Electronics Annual Report
Developing Robust Systems for Win-Win Partnerships
As valued partners, our suppliers sharpen the competitive position of
Samsung Electronics. With the goal of growing together in global mar-
kets, we operate a range of programs designed to bolster supplier skills.
To that end, we promote transparent procurement, win-win partnerships
and a culture of shared growth. In 2010, we established the Seven
Shared Growth Implementation Plan. In 2013, we took that initiative to
the next level with the Shared Growth Ecosystem Program. Working
within the ecosystem, we plan to extend the benefits of our shared val-
ues to second- and third-tier suppliers.
Providing Programs That Hone the Competitive Edge
We share growth and prosperity by running several programs that
actively support suppliers and strengthen their skills. In our flagship
program, Globally Competitive SMEs, we identify suppliers with high
technology potential and back them with customized funds, technology
and human resources so they develop a competitive edge in their fields.
We participate in a Joint Technology Development Partnership to spark
Korean SME technology development and we also operate a variety of
Open Innovation programs designed to discover and support technology
startups, such as our Innovative Technology Company Council.
Establishing the Win-Win Partnership Academy for Systematic Support
In partnership with the major banks of Korea, we operate a Shared
Growth Fund of KRW 1 trillion to help improve business for suppliers that
find it difficult to secure funding. The Fund offers operational loans at low
interest rates and we have expanded this benefit to second-tier suppli-
ers. In 2013, we established the Win-Win Partnership Academy, which
consists of centers for education, career development, business con-
sulting and win-win partnership research that together provide compre-
hensive and systematic support for first- and second-tier suppliers. The
education center offers customized programs to train supplier employ-
ees. The career center helps suppliers to identify and recruit top-rated
talent and also helps young jobseekers find work. The consulting center
organizes the Supplier Consulting Team, a roster of 100 of our directors
and executives in the fields of manufacturing, product, development
and quality control who use their know-how to advise suppliers. We also
support innovation in manufacturing and factory development for SMEs
generally.
Success Built on
Helping and Dreaming Together
Amount of Shared
Growth Fund that offers
low-interest supplier loans KRW
1trillion
Number of people trained
at the Win-Win Partnership
Academy in 2014 11,927employees
Ceremony to honor the 2014 Globally Competitive SMEs.