- Holding a Fair Trade Agreement Ceremony and Providing
Incentives to Outstanding Partner Companies such as Se-Ah Construction Co.,
Ltd. and CEF Construction Co., Ltd.
- Continuously promoting mutual growth by providing benefits
such as the operation of a mutual cooperation fund, expanding bidding
opportunities, and supporting job-related education.
On the 29th, Hyundai Development Company (HDC) held the
'Best Partners Day' event at Park Hyatt Seoul in Samsung-dong, Gangnam-gu,
Seoul. 'Best Partners Day' is an annual event organized by Hyundai Development
Company to promote mutual growth and collaboration with partner companies. The
event includes recognizing outstanding partner companies and signing fair trade
agreements.
Present at the event were Choi Ik-Hoon, CEO of Hyundai
Development Company, along with other executives including Jung Ik-Hee (CSO), Kim
Hoi-Eon (CFO), and Jo Tae-Je (Head of Construction Division). Additionally,
around 40 representatives from excellent partner companies such as SAE-A
Construction Co., Ltd. (represented by Hwang Ki-Man) and CEF Construction Co.,
Ltd. (represented by Ahn Jang-Yeol) attended the event.
During the event, CEO Choi Ik-Hoon stated, "Hyundai
Development Company will collaborate with partner companies based on shared
values and principles, fostering mutual growth through respect and
cooperation." He expressed gratitude to the representatives and staff of
partner companies for their efforts in the past year and announced the
expansion of various cooperation support programs, including providing
incentives to outstanding partner companies to facilitate mutual growth.
Hyundai Development Company selects outstanding partner
companies based on evaluations and registration periods of relevant departments
such as outsourcing, safety and health, customer service, and field operations,
as well as the scale of orders. This year, two companies, SAE-A Construction
Co., Ltd. and CEF Construction Co., Ltd., were chosen as the best partner
companies. This represents an increase from the previous year, with 84
companies selected as outstanding partner companies, up by 57 compared to the
previous year. These selected companies receive incentives such as priority
financial support, ESG evaluation assistance, expanded bidding opportunities,
contract guarantee reductions, and rewards. The most outstanding partner
companies also receive benefits related to long-term contracts.
Hwang Ki-Man, CEO of SAE-A Construction Co., Ltd., who was
selected as one of the most outstanding partner companies, expressed delight
saying, "I am pleased to be recognized as Hyundai Development Company's
most outstanding partner company for the second year in a row. The expanded
incentives and support for bidding provided by Hyundai Development Company have
been very helpful. We ask for continued support in enhancing the capabilities
of partner companies and promoting mutual growth."
Additionally, during the event, a signing ceremony for fair
trade agreements, complying with the four principles set by the Fair Trade
Commission, was conducted. The fair trade agreement emphasizes fair contract
negotiation and implementation, compliance with subcontracting laws, efforts
for mutual growth through financial and technological support, among other key
aspects.
Meanwhile, Hyundai Development Company continues various
activities for mutual growth with partner companies. Last month, it contributed
330 million won to a cooperative fund for education and technological
collaboration. Additionally, last year, it provided interest-free loans
amounting to 3.4 billion won to address financial difficulties faced by partner
companies and expanded the size of the mutual growth fund to 82 billion won.
Furthermore, the second cohort of the 'HDC SAFETY-I ACADEMY,' an educational
program to promote safety and health culture, began last month. Starting this
year, safety management training courses have been extended to the employees of
partner companies. The 'HDC Mutual Growth Campus,' an educational program for
partner companies, is also currently in operation. End of the text.