At LFC, partner companies are not just services providers but partners for sustainable growth. Therefore, partner companies and we respect each other and together explore ways to grow win-win based on the fair cooperative relationships we have forged together. In particular, believing that the competitiveness of partner companies leads to LFC’s competitiveness, we operate diverse support programs in accordance with win-win strategies with focus on enhancing work processes, strengthening workforce capabilities, raising quality standards, reducing costs, and fine-tuning market sensing.

Win-win Growth Academy In October 2021, we launched “Win-Win Growth Academy” to help partner companies lagging in educational infrastructure, offering job competency and safety, environmental and other ESG-related courses to employees of in-house partner companies. They can choose courses according to their job category and competency. As of March 2022, 559 employees of 18 partner companies have participated in the training program. By expanding the selection of the training courses at the Academy, we will continue to help our partner companies improve their employee competencies, thereby achieving win-win growth.

Win-win Growth Conference We regularly hold “Win-Win Growth Conference” with partner companies handling packaging, production and official work, sharing status on win-win growth programs and strengthening relationships. Also at the meeting, we together explore options to find optimal solutions to issues they raise. At the meeting of 2021, in which 18 partner companies participated, we listened to their difficulties and discussed ways of achieving win-win growth. Continuing to communicate with partner companies through the conference and other channels, we will plan and operate various win-win growth programs and realize the value of win-win.

Helping partner companies with safety management LFC practices and internalizes safety management to protect the safety and lives of workers and keep its workplace accident-free. Also, for partner companies to attain health and safety management measures equivalent to ours in effectiveness, we have been helping them build and improve their health and management system since 2014. As of the end of 2021, a total of 17 partner companies have in place health and safety management systems on the back of our support.

The January 2022 enforcement of the “Serious Accident Punishment Act”, aimed at preventing serious workplace accidents, has further highlighted the importance of safety management in which field workers, including those of suppliers, participate. To prevent accidents or minimize resultant damages, LFC actively encourages and helps in-house partner companies to secure safety management certifications and accreditations, including those related to fostering competent safety managers, as well as operate employee safety associations. Going forward, we will continue to introduce and operate various support and cooperation programs for partner companies so that they can deploy the same level of safety management capabilities as LFC’s.