LG Innotek establishes $108 mn win-win growth fund

South Korea's LG Innotek announced on Friday that it held the 2024 Win-win Growth Partnership Day on the previous day.

LG Innotek signed the 2024 Fair Trade and Win-win Growth Agreement with over 100 partner companies.

Under the agreement, LG Innotek plans to implement win-win growth programs for partner companies in the fields of finance, education, technology, and management.

LG Innotek has established and will operate a win-win growth fund totaling 143 billion won ($108 million) this year. Partner companies can secure funds at lower interest rates than those offered by commercial banks through this fund.

Programs will be offered to support education through the Partner Capability Enhancement Training Center and provide partial support for costs for partner companies promoting factory automation.

Write to Chae-Yeon Kim at why29@hankyung.com