Jungheung Group to Pay 130 Billion KRW to Partner Companies Before Chuseok

Jungheung Group will make an early payment of 130 billion KRW in construction fees to its partner companies ahead of the Chuseok holiday.

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On the 3rd, Jungheung Group announced that Jungheung Construction and Jungheung Togeon will pay the full amount of construction fees in cash on the 12th, before the holiday, to help partner companies manage their funds.

Through this early payment of construction fees, Jungheung Group expects that partner companies at over 40 construction sites nationwide will be able to smoothly pay wages and material costs. Jungheung Group also made an early payment of 130 billion KRW in construction fees before the Lunar New Year holiday this year.

A representative from Jungheung Construction said, "We will continue to strive to achieve meaningful results by growing together through mutual cooperation with our partner companies."

Jungheung Group runs a program every year to discover outstanding partner companies and provide various incentives and exemptions from contract performance guarantee insurance. The group prioritizes safety at construction sites and is making company-wide efforts to create accident-free sites.

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