Hanwha Corporation Construction Division, Awarded 'Top Company' in Ministry of Land, Infrastructure and Transport Mutual Cooperation Evaluation

Hanwha Construction Division announced on the 12th that it was selected as the top company in the Ministry of Land, Infrastructure and Transport's '2023 Mutual Cooperation Evaluation among Construction Contractors.'

The Mutual Cooperation Evaluation among Construction Contractors is a system established to promote balanced development of the construction industry and efficient project execution by building close mutual cooperation relationships between general and specialized construction companies or between large and small construction companies.

Every year, the Ministry of Land, Infrastructure and Transport evaluates mutual cooperation among construction contractors focusing on joint contracts and subcontracting performance with partner companies, as well as fostering partner companies and credibility.

Hanwha Building, Janggyo-dong, Jung-gu, Seoul

This year, the large construction companies that received the highest grade include Hanwha, △DL E&C △POSCO E&C △GS Construction △Hoban Construction △Jungheung Construction △Bando Construction, totaling 23 companies.

These companies will receive benefits such as additional credibility evaluation points and a 6% increase in construction capability evaluation amount in future Public Procurement Service public bidding prequalification (PQ) and other processes.

Hanwha Construction Division set three main directions for its win-win growth policy: △establishing a fair trade culture △enhancing partner companies' capabilities △strengthening communication with partner companies, and has been operating various cooperation programs to "go far together" with its partners.

This year as well, it completed signing fair trade agreements with 210 partner companies and is strictly adhering to them. Since 2007, it has introduced the four major practices of the Fair Trade Commission and reflected them in company regulations to establish a fair trade culture.

Additionally, the company stated that it is achieving compliance management and ethical management at a global standard level through intensive ethics education for employees and a strict internal audit system.

Hanwha Construction Division has maintained a cumulative penalty score of zero related to the Subcontracting Act to date and has been selected as an "Excellent" company for six consecutive years in the Win-Win Growth Index evaluation announced by the Win-Win Growth Committee.

Kim Seung-mo, CEO (President) of Hanwha Construction Division, said, "Mutual cooperation and win-win growth with partner companies are essential values for sustainable corporate growth," adding, "We will continue to strengthen practical support for partner companies and pursue ESG (Environmental, Social Responsibility, and Governance) management."

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