Dongbanwi and Junghung Togeon Sign 'Innovation-Driven Wage Gap Reduction Agreement'

Support for Partner Company Co-Growth Activities Worth a Total of 10 Billion KRW Over 3 Years

Kwon Ki-hong, Chairman of the Win-Win Growth Committee (center), Lee Kyung-ho, CEO of Jungheung Construction (left), and Seol Gu-ho, President of Seoam, are taking a commemorative photo after the signing ceremony.

[Asia Economy Reporter Kim Cheol-hyun] The Win-Win Growth Committee (Chairman Kwon Ki-hong, hereinafter referred to as the Committee) announced on the 26th that it has signed an 'Innovation-Driven Wage Gap Resolution Agreement' with Jungheung Togeon (CEO Lee Kyung-ho) and its partner small and medium-sized enterprises (SMEs).

According to this agreement, Jungheung Togeon plans to operate an innovation-driven win-win cooperation program worth a total of 10 billion KRW over the next three years targeting employees of partner SMEs to resolve wage gaps by supporting the enhancement of technological competitiveness of partner SMEs.

Partner SMEs will receive support for technology development, testbed support, productivity improvement, guarantee insurance cost support, performance sharing, innovation in technology protection support, welfare benefits such as health checkups and tuition for employees, recruitment and training, market development, and incentives for excellent partners.

The Committee will actively cooperate to create opportunities for technology and purchasing consultations to ensure that the wage gap between large enterprises and SMEs and win-win growth activities between Jungheung Togeon and its partner SMEs are implemented, and plans to promote best practices.

Chairman Kwon Ki-hong said, "Since last year, Jungheung Togeon, a construction company subject to the Win-Win Growth Index evaluation, has signed an innovation-driven wage gap resolution agreement," adding, "By including support for partner companies' new technology development, productivity improvement, and technology protection, this agreement by Jungheung Togeon expresses its commitment to win-win growth and is expected to serve as a catalyst for establishing a sustainable virtuous cycle growth ecosystem that fairly distributes results and leads the recovery of the construction industry."

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