SK Construction Achieves Highest Grade in Win-Win Growth Index for 4 Consecutive Years

[Asia Economy Reporter Chunhee Lee] SK Engineering & Construction has been selected as the best company for win-win growth for four consecutive years, the first in the construction industry.

SK Engineering & Construction announced on the 8th that it received the highest grade in the '2019 Win-win Growth Index Evaluation' hosted by the Win-win Growth Committee.

SK Engineering & Construction was the first domestic construction company to receive the highest grade in the 2014 Win-win Growth Index Evaluation, and from the 2016 evaluation to the 2019 evaluation announced this year, it was the only company in the domestic construction industry to receive the highest grade for four consecutive years. In particular, in the 2019 evaluation, it was honored as an honorary best company, achieving the feat of maintaining the highest grade in the construction industry for nine consecutive years since the Win-win Growth Index evaluation began in 2011.

The Win-win Growth Index is published by standardizing the comprehensive evaluation of win-win growth by the Win-win Growth Committee and the fair trade agreement compliance evaluation results by the Fair Trade Commission, then combining them at a 50 to 50 ratio and classifying them into five grades: highest, excellent, good, average, and poor. Among the 200 companies subject to publication in the 2019 evaluation, 35 companies received the highest grade. ▲Excellent 61 companies ▲Good 67 companies ▲Average 23 companies ▲Poor 7 companies, and 7 companies were deferred from publication.

Companies selected as the best in the evaluation receive various benefits such as a two-year exemption from the Fair Trade Commission's ex officio investigation, additional points in the Public Procurement Service's pre-qualification (PQ) for public bidding, and preferential selection as exemplary taxpayers by the National Tax Service.

SK Engineering & Construction has established a long-term cooperative system with its business partners and has implemented various programs for win-win growth. Since 2011, it has launched the Happy Wings Council, an excellent business partner council, to actively communicate and build cooperative systems with business partners.

In particular, to support business partners struggling due to the spread of the novel coronavirus disease (COVID-19), SK Engineering & Construction has prepared and implemented industry-leading win-win growth measures such as expanding financial support, improving payment terms, and providing quarantine supplies. Additionally, the scale of win-win growth loans, which lend operating funds to business partners interest-free, has been increased to 40 billion KRW, and a 23 billion KRW win-win growth fund is also in operation. Other activities that contributed to the high evaluation score include signing agreements to reduce wage gaps, supporting long-term employment of key personnel of business partners, and early adoption of standard subcontract agreements.

Lim Young-moon, CEO of SK Engineering & Construction, said, "This result is the outcome of all SK Engineering & Construction members working with one heart for win-win growth, believing that the competitiveness of our business partners is the competitiveness of SK Engineering & Construction." He added, "We will continue to actively communicate with our business partners and implement various cooperation measures through strategic partnerships."

This content was produced with the assistance of AI translation services.