Kim Tae-heum Expands Contract Opportunities for Local Construction Companies

Expanding Local Company Participation, Use of Local Materials, and Subcontracting
Official Launch of the Construction Industry Revitalization Council

Amid a downturn in the construction industry caused by a decrease in orders and rising construction costs, South Chungcheong Province has joined forces with 41 organizations to expand local construction companies' contract opportunities and increase their participation in public projects.

On December 10, the province signed a 'Win-Win Cooperation Agreement for Revitalizing the Construction Industry in South Chungcheong' with 17 organizations, including the Daejeon Regional Land Management Office, at the provincial government’s main conference hall.

In addition, the province formed and launched the Regional Construction Industry Revitalization Council, which consists of 41 organizations and associations, including 15 cities and counties, the provincial council, and construction-related groups.

Under the agreement, participating organizations will work to expand the participation of local construction companies, use locally produced materials and equipment, and hire local workers.

They will also focus on increasing local contract and subcontract participation rates by expanding region-restricted competitive bidding and mandatory regional joint contracts.

The province plans to regularly share performance data among organizations to maximize local subcontractor participation in public construction projects.

The council will be responsible for strengthening the competitiveness of local companies, expanding participation in public and national projects, collecting feedback on difficulties, and recommending institutional improvements. Regular meetings will be held twice a year.

Governor Kim Tae-heum stated, "The construction industry must thrive for the local economy to function," and urged organizations to work together with a sense of family for the prosperity of South Chungcheong.

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