GS Geonseol Selected as 'Top Honor Company' for Win-Win Growth Award

GS Construction announced on the 13th that it has been awarded the ‘Best’ grade for three consecutive years at the ‘2023 Korea Win-Win Growth Awards’ ceremony, and has been selected as the ‘Best Honorary Company,’ the highest honor in win-win growth.

At the '2023 Korea Win-Win Growth Awards' ceremony held at the InterContinental Hotel in Gangnam-gu, Seoul, Lee Hyun-joo, Deputy General Manager of GS Construction's Procurement Headquarters (right), is receiving the award as the top company in the Win-Win Growth Index from Oh Young-gyo, Chairman of the Win-Win Growth Committee (left).
[Photo by GS Construction]

The Win-Win Growth Index is published annually based on the comprehensive evaluation results of the Win-Win Growth Committee and the Fair Trade Commission’s evaluation of fair trade agreement compliance. It classifies the level of win-win growth of large corporations into five grades: Best, Excellent, Good, Average, and Poor.

Companies selected as Best receive benefits such as a two-year exemption from the Fair Trade Commission’s subcontracting authority investigation, additional points in the Public Procurement Service’s public bidding PQ (Pre-qualification), and preferential treatment when selected as exemplary taxpayers by the National Tax Service.

GS Construction has established the ‘Great Partnership Package’ to promote fair subcontracting trade practices and continuous win-win growth with its partner companies. It consists of four areas: establishment of fair trade order, financial support and competitiveness enhancement, and strengthening horizontal communication, operating effective systems in each category.

In particular, GS Construction repeatedly emphasizes safe site management with partner companies and supports this through initiatives such as the ‘Dedicated Safety Officer Placement Support’ system and ‘Advance Payment of Industrial Safety and Health Management Costs,’ striving to create a safe working environment.

The company has introduced a fair trade bidding system for subcontracting transactions to improve construction quality and safety, and operates direct and indirect financial support programs by establishing a management support fund worth 15 billion KRW annually and a win-win fund worth 30 billion KRW.

A GS Construction official stated, “Our win-win cooperation activities have been externally recognized as being at the highest level,” adding, “We will continue to take the lead in win-win growth through systematic establishment of fair trade order and effective support systems.”

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