Hanwha Construction has received the highest rating in the Ministry of Land, Infrastructure and Transport's cooperation evaluation for the second consecutive year.
On July 1, Hanwha Construction announced that it achieved the 'Excellent' rating in the '2026 Cooperation Evaluation among Construction Companies' released by the ministry.
The cooperation evaluation aims to establish collaborative relationships between comprehensive, specialized, large, and small construction companies, promoting balanced development in the construction industry and improving construction quality. The ministry conducts this evaluation annually.
The assessment reflects various factors, including joint contracting performance with partner companies, subcontracting performance, nurturing of partner companies, and credibility. This year, 28 major construction firms, including Hanwha Construction, Samsung C&T, Hyundai Engineering & Construction, and GS Engineering & Construction, received the top rating.
Companies awarded the top rating receive advantages such as additional points in pre-qualification evaluations for public tenders conducted by the Public Procurement Service and local governments, as well as bonus points in the calculation of construction capability evaluations.
Hanwha Construction has made fostering a fair trade culture, enhancing partner capabilities, and strengthening communication with partners key components of its co-prosperity policy, implementing various win-win programs.
This year, the company signed fair trade agreements with 205 partner firms and has been promoting a fair trade culture since 2007 by incorporating the four major practices of the Fair Trade Commission into its internal regulations.
In the context of rising construction costs and increasing subcontracting risks, support for partner companies and the establishment of a fair trade system by large construction firms have become critical factors influencing construction quality and site stability.
Hanwha Construction supports the financial and managerial stability of its partners through direct loans from co-prosperity funds, the establishment of co-prosperity funds, and a receivables-backed loan system. The company is also expanding its management doctor program, ESG consulting, and training support for partners.
Additionally, Hanwha is working to enhance productivity with its partners through digital transformation and the introduction of smart construction technologies.
Kim Woo-seok, CEO of Hanwha Construction, stated, "The technical capabilities and on-site competitiveness of our partners are directly linked to the competitiveness of Hanwha Construction. We aim to build a business partnership that enhances each other's expertise and achieves results together, rather than providing unilateral support."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.