Win-Win Growth

We will lead the mutually beneficial growth with the mission
“the growth of partners equals to
the competitiveness of Nongshim”.

Forming Fair Trade Culture

Fair Trade Practice

To establish a fair and transparent trade order with small and medium sized suppliers, Nongshim introduced the standard contract for subcontracting guided by the Fair Trade Commission. In addition, the four practices for fair trade were applied to the company rules.
In addition, to prevent moral risks between procurement staff and suppliers, it is mandatory for employees to pledge on ethics and for suppliers to comply with the code of conduct that covers the prohibition of bribery, entertainment, cost transfer, and solicitation.

  • Guideline on the Installation and Operation of Internal Deliberation Committee for Subcontract
  • Guideline on the Issuance and Preservation of Documents
  • Guideline on the signing a contract with vendors
  • Guideline on the selection of vendors

Subcontract Transaction Internal Deliberation Committee

We operate the Subcontract Transaction Internal Deliberation Committee supervised by the executives of Management Planning and Procurement divisions, in which the heads of Finance Team, Legal Affairs Team, Procurement Team, and ESG Management Team participated. The committee is held once a month to check the compliance with the Subcontract Act and Fair Trade Act.

Purchasing Information System (PIS)

PIS serves as a communication channel between Nongshim and its suppliers. All processes and contract related matters from a purchase order, order receipt, shipment, and delivery are managed through PIS. It is also equipped with an unfair trade blocking system. PIS provides diverse functions such as bulletin board, VOC collection, and guidance on supplier support programs.

Win-win cooperation program

금융 지원Financial support

In order to resolve the financial difficulties of suppliers, one of the best payment conditions in the industry was introduced, and a fund for mutual benefits was established. It provides discounted interest rates. In addition, by contributing funds to the Agricultural and Fishery Cooperation Foundation for Small and Medium Enterprises, we are operating a variety of programs for mutual growth between large companies and SMEs.

기술혁신 지원Technical innovation support

We share the profit to apply jointly developed technologies to products by implementing R&D type profit sharing system and support food analysis technology. We are providing support for human resources and online & offline training programs for food hygiene and quality stabilization. In addition, we are providing various technical supports such as supporting tech escrow fee and free of charge transfer of patent to protect the technologies of SMEs.

성장인프라 지원Support for growth infrastructure

We provide consulting for SMEs to strengthen their self-sustainability through innovative partnership projects and provide direct support to improve working environment and conditions. In order to revitalize the economy in rural areas, we are making efforts to improve the working conditions of farmers and fishermen by expanding the purchase of domestic raw food and contributing to the Rural Community Cooperation Fund.

성장인프라 지원Build a horizontal network

We always listen to the voices of our partners through shared growth meetings, visiting consultations, and preparing a VOC window on our website. We are also preparing various exchange venues to build a horizontal network with our partners, such as holding food safety mutually beneficial seminars.

금융 지원Financial support

In order to resolve the financial In order to resolve the financial difficulties of suppliers, one of the best payment conditions in the industry was introduced, and a mutually beneficial fund was established.
It provides discounted interest rates. In addition, by contributing funds to the Agricultural and Fishery Cooperation Foundation for Small and Medium Enterprises, we are operating a variety of programs for mutual growth between large companies and SMEs.

기술혁신 지원Technical innovation support

We share the profit to apply jointly developed technologies to products by implementing R&D type profit sharing system and support food analysis technology. We are providing support for human resources and online & offline training programs for food hygiene and quality stabilization. In addition, we are providing various technical supports such as supporting tech escrow fee and free of charge transfer of patent to protect the technologies of SMEs.

성장인프라 지원Support for growth infrastructure

We provide consulting for SMEs to strengthen their self-sustainability through innovative partnership projects and provide direct support to improve working environment and conditions. In order to revitalize the economy in rural areas, we are making efforts to improve the working conditions of farmers and fishermen by expanding the purchase of domestic raw food and contributing to the Rural Community Cooperation Fund.

기술혁신 지원Build a horizontal network

We always listen to the voices of our partners through shared growth meetings, visiting consultations, and preparing a VOC window on our website. We are also preparing various exchange venues to build a horizontal network with our partners, such as holding food safety mutually beneficial seminars.

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