KT Corporation - Mutual Growth With Partners

Mutual Growth With Partners

Continuous efforts have been made by kt to cultivate an environment where collaboration with partners is encouraged by pursuing measures such as attempting to prevent detrimental effects caused by lowest bid price evaluations, raising the maintenance fee payments, helping promising SMEs to build up on their competitiveness, and seeking to promote more cash payments and acquiring additional financing. In July 2010, in the spirit of promoting collaboration with SMEs, kt announced “the Three No Policy.” This in essence represents KT’s commitment to refrain from practices that hinder the growth of SMEs, such as taking action that causes them to waste their valuable resources, stealing away their technology and ideas or going up against SMEs as a competitor. kt aims to not only implement policies promoting collaboration with partners, but to also help such partners apply their sustainable business policies to other partner companies of their own. To this end, KT is encouraging partners to adopt the cash payment policy more in the partners’ dealings with their own partner companies, and is also endeavoring to have the benefits of higher supply costs shared with these second-tier partner companies as well.