On December 18, 2023, PyungHwa Industrial was honored as an Outstanding Company in Price Adjustment Performance under the Supply Price Linkage System.

Among 10,154 participating companies in the subcontract payment linkage initiative, 16 companies were selected as exemplary performers in implementing the linkage system, and six of them—including PyungHwa Industrial—received official commendations for outstanding price adjustment results.

In particular, PyungHwa Industrial established an internal computerized system designed to automatically reflect fluctuations in raw material prices into component pricing. The company also voluntarily entered into material price linkage agreements with 51 partner suppliers, demonstrating strong compliance with the Fair Trade Agreement Implementation Evaluation standards.

Through exemplary execution of the linkage system, PyungHwa Industrial was recognized for contributing to the establishment of a fair and transparent transaction culture between large enterprises and small- and medium-sized partners.

▶ Selection Criteria

• Companies that submitted their 2023 performance records were evaluated and selected for commendation based on assessment results.

• Document Review: Evaluation of linkage performance by supplier and detailed records of delivery price adjustments.