Hyundai Construction Achieves 'Highest' Grade for 3 Consecutive Years in Win-Win Growth Index Evaluation

Selected as 'Top Honor Company' with 'Excellent' Grade for 3 Consecutive Years
100% Cash Payment for Construction Fees, Operating the Industry's Largest Win-Win Growth Fund
Hosting Technology Contests, Expanding Incentives Such as Awards for Outstanding Safety Management Partners
"Leading Continuous Win-Win Growth through Active Communication and Support"

Hyundai Construction Gyedong Office Building.

[Asia Economy Reporter Kangwook Cho] Hyundai Engineering & Construction announced on the 15th that it was selected as a ‘Top’ grade company in the ‘2020 Win-Win Growth Index Evaluation’ announced by the Win-Win Growth Committee.

The ‘Win-Win Growth Index Evaluation,’ which began in 2011, is an indicator quantified by the Win-Win Growth Committee to evaluate the level of win-win growth between large corporations and small and medium enterprises (SMEs) among about 200 domestic large corporations, aiming to promote win-win growth. The evaluation combines the Win-Win Growth Committee’s ‘Comprehensive Win-Win Growth Evaluation’ and the Fair Trade Commission’s ‘Fair Trade Agreement Implementation Evaluation’ at an equal ratio, then announces the results classified into five grades: ‘Top,’ ‘Excellent,’ ‘Good,’ ‘Average,’ and ‘Poor.’

In this evaluation, Hyundai Engineering & Construction received high scores evenly across all areas including fair trade, win-win cooperation support, and partner companies’ satisfaction, earning the ‘Top’ grade in the Win-Win Growth Index and simultaneously being selected as a ‘Top Honor Company.’ The ‘Top Honor Company’ is the highest honor awarded only to companies that have achieved the ‘Top’ grade for three consecutive years in the Win-Win Growth Index Evaluation, externally recognizing Hyundai Engineering & Construction’s activities for win-win growth with its partner companies as being at the highest level.

Hyundai Engineering & Construction has been operating various win-win growth activities by building trust relationships with partner companies centered on the two pillars of ‘compliance with fair trade’ and ‘support for win-win growth.’

Since last year, it has been paying 100% of construction payments in cash to partner companies performing domestic subcontracting work, and supports guarantee fees so that partner companies can secure funds smoothly at the early stage of construction.

To support the liquidity of partner companies, it operates the largest win-win growth fund in the industry worth approximately 160 billion KRW, and has been hosting the ‘Partner Company Technology Contest’ since 2008 to promote the technological advancement of partner companies for the future development of construction technology.

In particular, to enhance partner companies’ safety management capabilities, it introduced a system of prepayment of 50% of safety management costs, enabling partner companies to meticulously manage safety from the early stages of the site, and expanded incentives such as allocation of orders worth 500 billion KRW to partner companies with excellent safety management.

A Hyundai Engineering & Construction official said, “Being selected as a ‘Top’ company in the Win-Win Growth Index Evaluation for three consecutive years is the result of Hyundai Engineering & Construction’s various win-win growth activities being recognized externally,” and added, “We will continue to take the lead in sustainable win-win growth by providing support that partner companies truly need through active communication.”

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