Hanyang Selected as Top Company in Mutual Cooperation Evaluation by Ministry of Land, Infrastructure and Transport

Sustaining the Realization of Shared Growth and Mutual Prosperity with Partner Companies

Hanyang announced on the 4th that it was selected as the top company in the '2023 Mutual Cooperation Evaluation among Construction Contractors' conducted by the Ministry of Land, Infrastructure and Transport.

Hanyang Tower exterior / Photo by Hanyang

The Mutual Cooperation Evaluation System among Construction Contractors was established to promote balanced development of the construction industry and efficient execution of construction projects through the establishment of close mutual cooperation relationships between general and specialized contractors or between large and small-to-medium contractors. Every year, scores are given based on joint contracting and subcontracting performance with partners, partner development, and credibility.

This year, Hanyang received a score of over 95 points, achieving the highest grade, one level higher than last year. It was highly evaluated for providing win-win cooperation incentives and paying construction fees before holidays to support the co-growth of partner companies, as well as conducting training to improve the job competencies of partner company employees. Additionally, aiming for 'Zero Major Accidents,' Hanyang regularized daily safety meetings on site and introduced smart safety systems such as heavy equipment collision prevention systems and fall hazard warning systems, earning high scores in safety evaluation categories.

A Hanyang representative stated, "Hanyang will continue to focus on practical support necessary for the co-growth of partner companies, such as appropriate contract amount reviews and timely fund execution, and will sustain mutual growth by annually selecting and rewarding excellent partner companies."

This year, a total of 23 large construction companies, including Hanyang, received the highest grade in the mutual cooperation evaluation. These companies will receive benefits such as additional points in public construction pre-qualification and credibility evaluations, as well as penalty reductions under the Construction Industry Basic Act.

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