Jungheung Group to Make Early Cash Payment of 110 Billion Won in Construction Fees to Partners Ahead of Chuseok

Jungheung Group announced on September 26 that, ahead of the Chuseok holiday, it will make early payments of construction fees to partner companies of Jungheung Construction and Jungheung Engineering & Construction to support their smooth cash flow management before the holiday.

This round of construction payments by Jungheung Group amounts to approximately 110 billion won, and the entire sum will be paid in cash.

Jungheung Group expects that the early payment of construction fees will enable partner companies to pay wages and material costs smoothly. Previously, before the Lunar New Year holiday this year, Jungheung Group also made early payments of 100 billion won in construction fees.

A Jungheung Group representative stated, "We have decided to pay the full amount of settlement funds to our partner companies in cash before the Chuseok holiday," adding, "Through mutual growth with our partners, we will continue to strive to achieve meaningful results together."

Meanwhile, Jungheung Group runs an annual program to discover outstanding partner companies and provide various incentives, such as exemption from contract performance guarantee insurance. The group also prioritizes safety at construction sites and is making company-wide efforts to create accident-free workplaces.

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