Samsung SDI pledges to reduce wage gap with contractors

By Song Su-hyun
  • Published : Nov 20, 2019 - 17:20
  • Updated : Nov 20, 2019 - 17:20

Samsung SDI said Wednesday it will help reduce the wage gap between the company and its contractors as part of efforts to seek co-prosperity.

South Korea’s leading lithium-ion battery maker, an affiliate of Samsung Electronics, will run a 132.2 billion won ($113 million) worth program to support its contractors to increase wages of their employees. It has signed a trilateral agreement for this with suppliers and Korea Commission for Corporate Partnership. 

Samsung SDI CEO Jun Young-hyun (middle) introduces battery components to Kwon Ki-hong, chairman of Korea Commission for Corporate Partnership, at Samsung SDI Co-Growth Day held in Suwon, Gyeonggi Province, on Tuesday. (Samsung SDI)

“Through the agreement to ease the wage gap, we will contribute to establishing a virtual cycle in the ecosystem of the battery industry in pursuit of growth with our partners,” said Samsung SDI CEO Jun Young-hyun.

By Song Su-hyun (