Dongbu Construction to Advance Payment of 83 Billion KRW to Partners Ahead of Chuseok
Dongbu Construction announced on the 24th that it will pay approximately 83 billion KRW in construction payments to about 80 partner companies at various sites on the 30th, advancing the payment date by up to 10 days.
As part of mutual growth and win-win cooperation with its partners, Dongbu Construction has been making advance payments of progress payments before each holiday. To secure liquidity for its partners, payments for outsourcing, materials, and labor costs are also being made entirely in cash.
Currently, a dedicated mutual growth team is also operating separately, and annual management consulting is conducted for partner companies that require credit evaluation management to strengthen their competitiveness.
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A Dongbu Construction official stated, "We hope that the early execution of construction payments will help alleviate the financial burden on our partner companies," adding, "We will continue to actively prepare various measures to further expand win-win cooperation activities."
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