Korea Federation of SMEs Hosts Distribution Win-Win Conference...Four Companies Including Hyundai Department Store and Emart Awarded

Hyundai Department Store, Emart, 11st, and LotteON

The Korea Federation of Small and Medium Business announced on the 21st that it hosted the 6th Distribution Win-Win Cooperation Conference at its headquarters in Yeouido, Seoul, together with the Korea Department Stores Association and the Korea Online Shopping Association.

The exterior of the Korea Federation of SMEs in Yeouido, Yeongdeungpo-gu, Seoul. The Asia Business Daily DB

This year marks the sixth anniversary of the Distribution Win-Win Cooperation Conference, which was established to share exemplary cases of cooperation between large and small- to medium-sized enterprises in the distribution sector and to reward companies that have contributed to the spread of a culture of mutual growth. This year's event was held under the slogan: "Small and Medium Enterprises Growing Through Shared Growth."

Over 100 stakeholders, including Kim Kimoon, Chairman of the Korea Federation of Small and Medium Business, Yoo Dongsoo, Chairman of the National Assembly's Political Affairs Committee, Lee Byungkwon, Second Vice Minister of SMEs and Startups, Nam Dongil, Vice Chairman of the Korea Fair Trade Commission, and Jung Jiyeong, Chairman of the Korea Department Stores Association, attended the event.

On this day, Hyundai Department Store and Emart were recognized as outstanding companies for win-win cooperation, each receiving a commendation from the Chairman of the Korea Fair Trade Commission. 11st received a commendation from the Chairman of the National Assembly's Political Affairs Committee, while LotteON was awarded by the Chairman of the Korea Commission for Shared Growth.

Hyundai Department Store was recognized for contributing 322.7 billion won to a win-win cooperation fund and operating a performance sharing program. Emart was acknowledged for establishing a 124.6 billion won shared growth fund, supporting small and medium business partners through initiatives such as No Brand Win-Win Stores and live commerce. 11st was evaluated positively for operating a low fixed commission policy for new sellers, while LotteON was recognized for promoting shared growth programs through such actions as raising a shared growth fund, ensuring faster settlements, and lowering commission fees.

Kim Kimoon, Chairman of the Korea Federation of Small and Medium Business, stated, "If major distribution companies in Korea join hands and empower small and medium businesses and small merchants, the value of mutual growth will shine even brighter in times of crisis for the distribution industry. I urge the National Assembly and the government to actively participate in legislative and policy support so that the distribution industry ecosystem can grow together."

This content was produced with the assistance of AI translation services.