Hyundai Construction Awards Excellent Partners for Safety Management Achieving 'Zero Accidents'

Hyundai Engineering & Construction announced on the 3rd that it held an awards ceremony for the ‘Safety Management Excellence Partner Award System’ introduced to promote a safety culture at construction sites.

Representatives of the awarded companies are taking a commemorative photo at the '2023 First Half Zero-Accident Partner Companies' Awards Ceremony jointly hosted by Hyundai Engineering & Construction and the Foundation for Cooperation between Large, Small and Medium Enterprises and Agriculture and Fisheries.
[Photo by Hyundai Engineering & Construction]

The awards ceremony, held on the 28th of last month at the headquarters of the Foundation for Large, Small, and Medium Enterprises and Agriculture, Forestry and Fisheries Cooperation located in Jung-gu, Seoul, was attended by Hwang Jun-ha, Hyundai Engineering & Construction CSO (Chief Safety Officer), Lee Young-sook, Head of Win-Win Cooperation Division at the Foundation for Large, Small, and Medium Enterprises and Agriculture, Forestry and Fisheries Cooperation, and other key stakeholders. Hyundai Engineering & Construction established the ‘Safety Management Excellence Partner Award System’ in the second half of last year to select outstanding partner companies that achieved zero accidents throughout all processes and rewards them semiannually; this was the second time the awards were held.

In the inaugural year of the system last year, 90 partner companies completed 147 subcontract contracts without accidents and received a total prize money of over 500 million KRW. At this year’s first half awards ceremony, 68 partner companies achieved zero accidents in 110 subcontract contracts and were awarded a total prize money of approximately 350 million KRW.

Hyundai Engineering & Construction introduced the ‘Safety Management Excellence Partner Award System’ in September last year to establish a safety management system led by small and medium-sized partner companies at construction sites. Since the majority of construction site accidents occur at sites managed by small and medium enterprises, this system was created to actively support safety management incentives for small and medium partners to prevent onsite accidents and eradicate serious accidents.

Hyundai Engineering & Construction provides prize money ranging from 2 million KRW to 10 million KRW to partner companies that have achieved zero accidents throughout the entire construction period, based on the scale of the subcontract contract, among partners performing subcontract work at all business sites.

In particular, the safety management prize money, operated with funds contributed from the Win-Win Cooperation Fund between large and small-medium enterprises, is focused on supporting small and medium partners. Unlike the conventional method of awarding prize money per company, the prize money is aggregated and paid based on each contract performed by the partner.

At the event, representatives and executives from five companies, including Sungwon E&G Co., Ltd., Donggwang Premium Door Co., Ltd., Korea Chemical Industry Co., Ltd., Ewha Industry Co., Ltd., and Seongha Geological Industry Co., Ltd., attended and received awards as representatives of zero-accident partners for the first half of this year.

A Hyundai Engineering & Construction official stated, “To spread a safety culture at construction sites and ensure systematic management, we have significantly increased incentives for excellent partners to 500 billion KRW and expanded the foundation for preventing onsite accidents through various systems and support.” He added, “We will continue win-win cooperation activities to create a safe and healthy working environment.”

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