Posco has decided to provide an array of support programs for small- and medium-sized enterprises (SMEs) this year to become a model company and create a win-win partnership with sub-contractors.
It will raise the transaction volume with SMEs to 7.27 trillion won, a 1.23 trillion won increase from last year, while increasing steel supply to the SMEs by 1.74 million tons, the world's fifth largest steel maker said.
The payment conditions for its 55 subcontractors will also gradually be improved over the next three years, the company said.
Source: Korea Times
