Skip navigation


Managing Business for a Sustainable Society

3 Key Strategies for SK networks to Grow Together with Suppliers
  • Providing Fair Opportunity and Maintaining Procedural Transparency
    • Declaring ethical purchase
    • Continuously searching for suppliers and providing fair trade opportunities
    • Ensuring procedural transparency of fair trade throughout supplier selection - contracting – payment settlement
  • Enhancing the Cooperation System for Shared Growth
    • Building communication channel and listening to VOC
    • Discovering projects for shared growth
    • Selecting suppliers with good ESG/SRM assessment results and enhancing the cooperation
  • Improving Suppliers’ Competitiveness
    • Creating Shared Growth Fund
    • Preparing support programs for suppliers

*SRM : Supplier Relationship Management

Fair Opportunity and Procedural Transparency

SK networks operates the Procurement Review Committee to review the adequacy in selecting suppliers and to continue fair and transparent purchasing activities. The committee holds meetings on purchases subject to review.*
* Purchase contracts of KRW +500 million and competitive purchases of KRW +1 billion

Procurement Review Committee

Procurement Review Committee
  • Internal Audit Team (1 person)
  • Head of Corporate Culture Division  (1 Chair)
  • Key Management Executives* (3 persons)

    *Head of the Strategy Planning Division, Head of the Finance Division, Head of Sustainable Management Division

Protection of Our Partner Companies’ Information

Information is the most critical asset for business survival. SK networks respects the intellectual property rights and trade secrets of our partners and does not force them to pass over technical data or use intellectual property rights when selecting or transacting. Going forward, we will all the more strengthen our information protection system so that the tangible and intangible information of our partner companies can be managed more safely.

Cooperation System for Shared Growth

SK networks conducts a supplier survey every year to identify the problems the suppliers are facing and preemptively prevent supply chain risks. We hear the 'Voice' of our suppliers through this survey and come up with a solution by analyzing the impact of each voice. Within 2021, we plan to establish a communication board for shared growth, visit major partner companies to listen, and prepare and implement the SKN Shared Growth Fund and related programs based on the voices.

Shared Growth Fund : Improving Suppliers’ Competitiveness

SK networks is actively participating in SK Group's mutual growth fund and mutual growth programs (CEO seminars, MBAs, etc.). Established in an agreement with IBK, the SKN Shared Growth Fund grants low or no-interest loans to partners. We create opportunities for shared growth by expanding the number of participating companies every year.
Particularly, We plan to expand the scope to the suppliers of subsidiaries in the future and more than double the number of participants and the amount within 2021.

**Shared Growth Fund as of September 2022

동반성장펀드 현황 표(구분, 협력사 수, 실적로 구성)
Category No. of participating suppliers Amount
Goal 6 KRW 1.6 billion
Status 9 KRW 2.18 billion

Support of shared growth with business partners

  • 2021~2022

    Enhancement of systematic support for shared growth

      • Announcement of three key pillars of shared growth promotion strategy
      • Development of standards to select excellent business partners
      • Roll out of shared growth fund
        • - 830M won for three initiatives as at the end of 2021

        • - 2022: fund size to be increased by over two-fold from 2021

      • Enhancement of win-win business partnership initiatives
        • - Listening to the voice of business partners

        • - Launch of the shared growth communication channel

    • Support of training programs
  • 2023

    Enable shared growth to take root as corporate culture

      • Update of three key pillars of shared growth promotion strategy
      • Amendment of business partners’ code of conducts
      • Regular assessment of business partners, granting incentives to outstanding ones
      • Scale up of shared growth fund
        • - 2023 : fund size to be increased by over three-fold from 2021

      • Roll out of additional financial support packages (interest payment subsidy)
      • Enhancement of win-win business partnership initiatives
        • - Listening to the voice of more business partners

    • Offer of training programs to more people
  • 2025

    Upgrade of systematic support for shared growth

      • Upgrade of shared growth promotion strategy
      • Systematic lay down of implementation basis for shared growth
      • Expansion of the program scope for strategic business partners
      • Scale up of shared growth fund
        • - 2024: provide full support within applicable quota (3.3B won)

      • Expansion of financial support program
      • Enhancement of win-win business partnership initiatives
        • - Continue listening to ever more business partners

          - Implementation of an open platform to shared growth communication channel

    • Development of additional training programs and engagement of more people in the programs