Revitalizing Construction Economy, Eliminating Poor Construction ... Busan Port Authority Signs MOU with Busan Chapter of Korea Specialty Contractors Association

Busan Port Authority and the Busan Chapter of the Korea Specialty Contractors Association are signing a business agreement.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] Busan Port Authority (BPA) has initiated the establishment of a cooperative system to revitalize the local construction economy.

On the 28th, BPA announced that it signed a "Business Agreement for the Development of Busan's Construction Industry" with the Busan Chapter of the Korea Specialty Contractors Association.

This agreement was made to actively discover joint projects at sites under BPA's jurisdiction and to establish a cooperative system that contributes to improving construction quality and revitalizing the local construction economy.

The agreement includes eliminating unfair subcontracting trade practices and actively cooperating to prevent poor construction and improve construction quality.

It also involves efforts to expel poor-performing companies, share construction project information, and enhance the competitiveness of Busan specialty construction contractors through information exchange between the authority and the association.

Min Byung-geun, BPA Vice President of Construction, stated, "We will actively seek and cooperate on ways to coexist with the association, such as eradicating illegal subcontracting and preventing poor construction."

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