Samsung Expands Financial Support for Partners to 3.5 Trillion Won, Backs Global Expansion

Samsung is set to foster a mutually beneficial ecosystem by expanding its financial support for partner companies to 3.5 trillion won and providing assistance for the global expansion of 6,700 partner firms.
Samsung held a signing ceremony today (June 29) at its Suwon complex with first, second, and third-tier partner companies to promote and establish a culture of mutual growth between large corporations and small and medium-sized enterprises (SMEs).
The agreement involved 11 Samsung affiliates, including Samsung Electronics, Samsung Display, Samsung Electro-Mechanics, Samsung SDI, Samsung SDS, Samsung C&T, Samsung Heavy Industries, Samsung E&A, Cheil Worldwide, Hotel Shilla, and SEMES, along with their partner companies.
Approximately 6,700 partner companies within Samsung's supply chain are expected to benefit from this agreement.
Samsung plans to continuously expand financial support for its partners through its existing 3.5 trillion won mutual growth fund and ESG fund.
The 11 Samsung affiliates will expand communication channels with their partners and regularly assess the effectiveness of their support programs.
Furthermore, to strengthen the global competitiveness of its partners, the company plans to explore multifaceted cooperation measures, such as supporting overseas expansion and linking them to global supply chains.
Samsung Electronics intends to engage in mutual cooperation by incorporating its plan for "supporting second and third-tier partners and establishing/operating an industrial accident fund"—part of the 5 trillion won social contribution pledge announced last month—into this agreement.
Han Ki-jeong, Chairperson of the Korea Fair Trade Commission, stated, "This mutual growth agreement will serve as a catalyst for opening a virtuous cycle, ensuring that Samsung's efforts for mutual growth flow seamlessly to small and medium-sized partner companies," adding, "The Fair Trade Commission will also provide strong support so that these efforts can bear fruit."
Roh Tae-moon, President of Samsung Electronics, said, "The blood, sweat, passion, and efforts of many partner companies have been instrumental in making Samsung what it is today," and added, "As partners sharing a common destiny, we will build a higher level of cooperative relationship and strive to ensure that the warmth of mutual growth reaches second and third-tier partners as well."
Kim Young-jae, Chairman of the Samsung Partner Association (Hyupsung-hoe), remarked, "I hope this event serves as an opportunity for the government, large corporations, and SMEs to further solidify the spirit of shared growth," and added, "It will become the most exemplary milestone of shared growth as our economy navigates through global challenges."
Samsung Electronics is currently providing customized support focused on three areas—funds, technology, and human resources—to strengthen the competitiveness of its partners.
In 2005, it became the first domestic company to begin paying for transactions with small and medium-sized partners in cash, and in 2010, it established a mutual growth fund to provide low-interest loans to partners.
Since November 2024, it has partnered with Samsung Display to create a 1 trillion won ESG fund, providing interest-free loans for partners' ESG (Environmental, Social, and Governance) investments.
In addition, the company has been hosting technology exhibitions for partners since 2009 and has been supporting the technological development of SMEs with a total of 50 billion won in funds created with the Ministry of SMEs and Startups since 2013.
Furthermore, the company has opened its patents for free, transferring approximately 2,500 patents at no cost between 2015 and last year.
Samsung also supports the recruitment and training of talented personnel for its partners through the Samsung Partner Job Fair and the Mutual Growth Academy.
In recognition of these efforts, Samsung Electronics received the highest grade for 14 consecutive years in the "Shared Growth Index" evaluation conducted by the Korea Commission for Corporate Partnership in October last year, a first for a domestic company.
(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.