Hoban, Win-Win Cooperation with Partners Ahead of Chuseok... "Early Payment of Construction Fees"

Exterior view of Hoban Construction headquarters in Umyeon-dong, Seocho-gu, Seoul (Photo by Hoban)

[Asia Economy Reporter Lim On-yu] Hoban Group's construction affiliates are practicing win-win cooperation with their partners ahead of the Chuseok holiday.

Hoban Construction and Hoban Industry announced on the 14th that they will make early payments of construction fees to small and medium-sized partner companies in celebration of Chuseok. Every year during the holidays, Hoban Construction and Hoban Industry have made early payments to support the cash flow of their partners, and this time, they have further expanded the scale of advance payments.

The payment targets this time are about 800 partner companies of Hoban Construction and Hoban Industry, and a total of 140 billion KRW in construction and goods payments will be paid in full in cash before Chuseok. In addition, Hoban Construction and Hoban Industry also delivered about 1,000 Chuseok gifts to partners who are struggling due to the prolonged COVID-19 pandemic.

A representative of Hoban Construction said, "We have prepared early payments of construction fees and Chuseok gifts together, hoping to help our partners," adding, "Hoban Construction will continue various support and efforts for win-win cooperation and mutual growth with our partners."

Meanwhile, Hoban Group awarded 7 billion KRW in prize money and plaques of appreciation to 80 excellent partner companies at the beginning of this year, and in June, it provided 6 billion KRW in COVID-19 management stabilization support funds to partners, continuing various support efforts. Hoban Industry also received a commendation from the Fair Trade Commission Chairman at the ‘2021 Construction Cooperation Promotion Awards’ on the 13th.

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