KT is establishing a mutual growth system through which it can communicate, cooperate and benefit from win-win opportunities with suppliers. For this, the company installed a grow-together organization in 2010, through which it has communicated with suppliers and implemented diverse activities to improve their competitiveness. We are developing various grow-together programs to create shared value with suppliers so that we can lead a mutual growth culture for suppliers, strengthen the Korean telecom ecosystem and secure a presence in the global marketplace.
Make a creative and competitive mutual
growth ecosystem
Support and co-work with suppliers Share
mutual growth vision and create such
environment Support 1st and 2nd tier
suppliers together
Create fair trade environment
Regulate unfair business practices
KT evaluates its sustainable management based on sustainable supply chain management policy, minimizes risks in the supply chain and promotes long-term mutual growth. The company established ‘sustainability guidelines for suppliers’ for the first time in the given domestic industry in December 2012 and has realized systematic sustainable SCM. The guidelines include KT willingness to expand sustainable management throughout its entire supply chain. It consists of 4 sections of business implementation principles, environmental management, corporate social responsibility and product sustainability and presents standards for sustainable management the suppliers expect from KT across 18 areas.
To realize improvement of supply chain sustainability pursued in the ‘sustainability guidelines for suppliers,’ KT introduced its sustainable management assessment for regular suppliers in 2013, which measures possible economic, environmental and social risks within the supply chain and manages them regularly. The evaluation indexes have been developed based on requirements of sustainable management by KT suppliers who were asked by the guidelines. Evaluation results are reflected in the annual unit assessment per supplier, and the level of suppliers’ sustainability is considered in the process of selecting suppliers or best suppliers and re-selecting suppliers. We also run sustainable management training programs for working-level employees since 2014, through which suppliers can share understanding on sustainable management and practice it in the field.