Selected as ‘Best Honorary Company’ by acquiring ‘Best’ grade for 3 consecutive years
100% cash payment of construction cost, operation of the industry’s largest mutual growth fund
Expansion of incentives such as holding a technology contest and rewarding suppliers with excellent safety management
“We will take the lead in sustainable shared growth with support through active communication”
Hyundai E&C Gye-dong office building.湲 蹂肄
[아시아경제 조강욱 기자] Hyundai E&Cannounced on the 15th that it was selected as the ‘best’ grade company in the ‘2020 Mutual Growth Index Evaluation’ announced by the Shared Growth Committee.
The ‘Mutual Growth Index Evaluation’, which was first launched in 2011, is an index that the Shared Growth Committee evaluated and quantified the level of shared growth of about 200 domestic conglomerates for the purpose of promoting shared growth between large companies and SMEs. After adding up the ‘Comprehensive Growth Assessment’ of the Shared Growth Committee and the ‘Fair Trade Agreement Implementation Assessment’ of the Fair Trade Commission in the same ratio, 5 of ‘Excellent’, ‘Excellent’, ‘Good’, ‘Normal’ and ‘Poor’ It is classified by dog grade and announced.
Hyundai E&CIn this evaluation, it received high scores in all areas such as fair trade, win-win cooperation support, and partner companies’ sensibility, and was selected as the ‘best honorary company’ at the same time as receiving the ‘best’ grade in the win-win growth index. The ‘Best Honorary Company’ is the highest honor that can be received only by acquiring the ‘Best’ grade for 3 consecutive years in the win-win growth index evaluation. Hyundai E&C Its activities for shared growth with its partners have been externally recognized as the highest level.
Hyundai E&Chas been operating a variety of shared growth activities by establishing a trusting relationship with its partners around the two pillars of ‘fair trade compliance’ and ‘support for shared growth’.
Since last year, 100% of the construction price has been paid in cash to suppliers who are performing subcontracting works in Korea, and guarantee fees are provided so that suppliers can secure funds smoothly in the early stages of construction.
To support the liquidity of partner companies, we are operating the industry’s largest shared growth fund worth KRW 160 billion, and have been holding the ‘Partner Technology Contest’ since 2008 for the development of future construction technology to improve partner companies’ technological prowess.
In particular, in order to enhance the safety management capabilities of suppliers, a 50% advance payment system for safety management fees was introduced so that suppliers can meticulously manage on-site safety from the initial stage.
Hyundai E&CAn official from the company said, “Selected as the ‘best’ company in the win-win growth index evaluation for 3 consecutive years is Hyundai E&C It is the result of being recognized externally for its various shared growth activities.
Correspondent Jo Kang-wook [email protected]
Source: 아시아경제신문 실시간 속보 by www.asiae.co.kr.
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