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As true love can be felt in an insignificant matter, the contribution of LS Cable to society starts from insignificant behavior.
LS Cable has invested much in ensuring a global business competency. Particularly, LS Cable has made efforts to improve the competency of its subcontractors.
LS Cable, which is becoming a global, first-class company, has a valued partnership with its subcontractors.

One example of this is The Subcontractor Club, which consists of subcontractor CEOs at the Anyang, Gumi, Indong, and Jeonju branches. The Subcontractor Club collects the opinions of the subcontractors and reports them to the management of LS Cable whenever a subcontractor has difficulties or needs support. The club also helps improve product quality and ensure global competency while exchanging information.

Currently, about 3,000 subcontractors are registered. LS Cable is surely the best cable company. ‘No. 1 in Korea’ has no meaning in this era of global competition; thus, LS Cable has invested in and made collaboration for company organization, product quality, and technologies for a several years in order to compete with global companies. One of the most important factors for becoming a global first-class company is the ‘improvement of subcontractor competency’.

LS Cable changed its typical purchasing method drastically in October of 1999 and developed and operated an ‘Online Purchasing System’ for the first time in the industry. Due to this system, complications in business transactions due to the traditional method of transactions can be eliminated and transparency and fairness in business can be ensured. The cycle--from placing an order to purchasing--was reduced by 10 days. The system enables LS Cable and subcontractors to check the estimated value and the status of orders and delivery and to reduce administration costs for quotations, phone calls, or facsimiles.

Also, LS Cable adopted an ‘E-payment System’ in July of 2000 that enables payment in cash in order to pay delivery costs more rapidly. The traditional method was for a ‘draft payment’. Once LS Cable transfers the delivery costs and payment date to the affiliated bank, the bank approves them and pays the costs. The affiliated bank designates a competitive company that has a sound financial structure from the subcontractors of LS Cable to invest in the company directly, acquire convertible debenture, and to perform management consulting.

In 2002 when the ethical and transparent management of companies was emphasized due to scandals such as Enron, LS Cable opened a ‘Cyber Civil Billboard’ on its homepage in order to hear the opinions and complaints of subcontractors. About 3,000 subcontractors have made suggestions and complaints regarding products and have privately informed LS Cable of issues that need to be reformed (e.g., cost payment and unjust return of goods) and of damage relief. The received suggestions and complaints are automatically sent to the personal e-mail address of the CEO. Once the problems are resolved, feedback is given to the subcontractors.

In addition to systematic support, LS Cable designates competitive subcontractors and provides them with funds for facilities and development and often holds meetings of subcontractor CEOs for training in quality improvement and management consulting. Since last year, LS Cable has evaluated the subcontractors regularly and given excellence awards to improve their competency. Advantage is given to good subcontractors when parts are delivered or their price is set. In May of 2004, LS Cable held a ‘Subcontractor Launching Ceremony’ geared toward ensuring that LS Cable and its subcontractors will grow together based on trust and cooperation. LS Cable adopted Q-Partner for the first time in the cable industry in order to strengthen its partnership with its subcontractors for quality, technologies and management and to carry out a win-win strategy. In addition, LS Cable provides the employees of good subcontractors with opportunities in overseas and internal training and with incentives such as costs for authentication of the QA system, payment of costs in cash, and support of R&D.