[2020 Asia Construction Awards] Daewoo Construction Contributes to Society through Relay Volunteering in House Building and Home Repairs

Asia Economy Grand Prize in Win-Win Cooperation (Social Contribution) Sector

Daewoo E&C employees are participating in the 'Repairing Houses of Hope' social contribution activity. (Provided by Daewoo E&C)

[Asia Economy Reporter Lee Chunhee] Daewoo E&C has been continuously pursuing win-win management and social contribution activities under the motto of "a company that coexists with society."

Daewoo E&C consistently supports strengthening the self-reliance of partner companies based on the philosophy that "the growth of partner companies is the growth of Daewoo E&C." In 2000, it established the 'Procurement Planning Team,' the first dedicated department for win-win growth in the construction industry, to support the establishment of a fair trade order culture with partner companies. Last year, it revised guidelines to exclude unfair special agreements in transactions with partner companies by using standardized site explanation documents and requiring prior issuance of work instructions for changes and additional work.

It also provides fair trade and practical training programs for executives and employees of partner companies. Last year, a total of 4,762 executives and employees of partner companies completed education on compliance with fair trade and prevention of power abuse, and 177 partner company executives and employees participated in mutual cooperation training courses such as subcontracting law education.

Daewoo E&C's Win-Win Council is taking a commemorative photo after delivering sponsored goods to Holt Ilsan Welfare Town. (Photo by Daewoo E&C)

Daewoo E&C has organized groups such as the 'Daewoo E&C Win-Win Council' and the 'Daewoo E&C Volunteer Corps' to encourage as many employees as possible to participate in community-based social contribution activities that continuously contribute to local communities. Through this, they conduct relay volunteer activities and share the value of coexistence with organizational members. The Win-Win Council, newly launched with 22 excellent partner companies, jointly donated sponsorship items worth 11 million KRW, including diapers and thickeners, to Ilsan Holt Welfare Town.

Since 2007, the 'Building Houses of Hope' project has become a representative social contribution activity of Daewoo E&C. Utilizing the characteristics of the construction industry, it improves residential environments by repairing old houses, and last year, the activities increased from four to six times annually. In particular, the 'Employees Collecting Coins to Practice Love' fund, which gathers coins under 1,000 KRW from employees' monthly salaries, raised 31.19 million KRW and was also used for Habitat activities, adding significance.

Recently, Daewoo E&C has actively supported small and micro enterprises and small business owners struggling due to the novel coronavirus disease (COVID-19). The company participated in the 'Good Landlord' campaign by reducing rent by 30% for two months on rental properties it owns, such as the Daewoo Hangang Benecity commercial complex in Cheonho-dong, Gangdong-gu, Seoul. It also delivered masks and donations to the Dongbang Social Welfare Association, a professional social welfare organization, and to the merchants' associations of Bangsan and Jungbu markets near its workplaces.

A Daewoo E&C official said, "We believe that corporate social responsibility lies not in scale or form but in the voluntary participation of as many individual employees as possible, so we operate various social contribution programs." He added, "All employees will continue to strive to create a company image that fits the vision of 'Build Together, a company that realizes the best value with customers.'"

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