Jinhung Corporation Co., Ltd. Selected as 'Top Company' for Two Consecutive Years in Ministry of Land, Infrastructure and Transport Mutual Cooperation Evaluation

High Scores in Cooperation with Partners, Mutual Growth, and Safety Measures Including Accident Prevention

Jinhung Enterprise Co., Ltd., an affiliate of Hyosung Group, was recently selected as the top construction company for the second consecutive year in the "2023 Mutual Cooperation Evaluation among Construction Operators" conducted by the Ministry of Land, Infrastructure and Transport.

The "Mutual Cooperation Evaluation among Construction Operators" was introduced by the Ministry of Land, Infrastructure and Transport to promote mutual cooperation and development among general and specialized construction companies. Every year, the ministry evaluates companies divided into large enterprises and small and medium enterprises based on criteria such as ▲joint contracting and subcontracting performance with partner companies ▲development of partner companies ▲and credibility.

Jinhung Enterprise Co., Ltd. received positive evaluations for strengthening the appropriateness review of subcontract contract amounts and timely fund execution for partner companies to promote coexistence and cooperation with partner companies.

Additionally, Jinhung Enterprise Co., Ltd. earned high scores in safety evaluation categories by implementing safety enhancement measures related to accident prevention under the Serious Accidents Punishment Act, including △holding monthly safety and health management meetings involving top safety executives, safety and health organizations, and external expert inspection agencies △selecting high-risk tasks on a weekly/daily basis △and company-wide identification and improvement activities of high-risk factors through a smart app.

Along with Jinhung Enterprise Co., Ltd., a total of 23 large construction companies that received the highest grade this year will be given preferential benefits such as additional points in public construction bids and penalty reductions under the Framework Act on the Construction Industry.

A representative of Jinhung Enterprise Co., Ltd. expressed their ambition, stating, "We will continue to communicate steadily with our partner companies and grow as a construction company that practices customer satisfaction with the best quality and highest safety."

Meanwhile, Jinhung Enterprise Co., Ltd. also rose four ranks from 56th (643.6 billion KRW) last year to 52nd (754.1 billion KRW) in the "2022 Construction Capability Evaluation" ranking announced by the Korea Construction Association. Furthermore, this year, Jinhung Enterprise Co., Ltd.'s credit ratings from the Housing & Urban Guarantee Corporation (HUG) and the Construction Guarantee Union were upgraded to AA grade based on stable performance and excellent financial soundness.

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