Jungheung Group to Pay 120 Billion KRW in Construction Fees to Partners Early in Cash

Jungheung Group announced on the 18th that it will provide early cash payments of construction fees before the Lunar New Year holiday to help alleviate financial difficulties of its partner companies. The construction fees amount to approximately 120 billion KRW.

Accordingly, partner companies at over 50 construction sites nationwide are expected to be able to smoothly pay their employees' wages and material costs. Jungheung Group also made early payments of 100 billion KRW in construction fees before the Chuseok holiday last year.

A representative from Jungheung Construction stated, "To ensure smooth financial management for our partner companies, we have decided to pay the full amount of construction fees in cash before the Lunar New Year holiday," adding, "We will continue to foster mutual growth with our partner companies who are facing many difficulties due to COVID-19."

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