Ulsan City Visits Major Construction Companies' Seoul Headquarters... Requests Construction Participation Opportunities for Local Construction Firms
Visit from 12th to 14th by Hoban, Kumho Construction, Shinil, IS Dongseo, Hanyang Construction, and others
[Asia Economy Yeongnam Reporting Headquarters Reporter Dongguk Lee] Ulsan City will promote visits to the headquarters of large construction companies for three days from the 12th to the 14th to revitalize the stagnant local construction industry.
This visit, the second following the one in June, is planned to provide opportunities for local companies to participate in construction projects and increase subcontracting rates at large construction sites currently underway or scheduled in the Ulsan area, in support of local construction companies struggling due to difficult economic conditions and the ongoing construction market downturn.
The targets of the visit are five companies?Hoban, Kumho, Shinil, IS Dongseo, and Hanyang Construction?responsible for new apartment construction projects in Nam-gu, Jung-gu, and Ulju-gun, as well as regional housing cooperative apartment construction projects, all headquartered in Seoul.
The city will form a public-private joint team with the Ulsan Chapter of the Korea Specialty Contractors Association and the Ulsan-Gyeongnam Chapter of the Korea Mechanical Equipment Construction Association to promote local companies effectively and seek mutual cooperation measures to improve local companies’ contract acquisition rates and subcontracting rates.
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A city official stated, “To find a breakthrough for the Ulsan construction industry facing difficulties in securing contracts, we plan to establish a close cooperative system with associations and continuously conduct visits and promotional activities targeting ordering agencies, related organizations, headquarters of large construction companies, and large project sites, thereby implementing field-centered administration.”
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