Jinheung Corporation, a construction affiliate of Hyosung, announced on the 4th that it was selected as the best construction company for three consecutive years in the ‘2024 Mutual Cooperation Evaluation among Construction Businesses’ produced by the Ministry of Land, Infrastructure and Transport..

The mutual cooperation evaluation among construction businesses published by the Ministry of Land, Infrastructure and Transport is a scheme implemented to form close mutually beneficial partnerships between construction businesses for balanced development and efficient performance of the construction industry 

Every year, it is divided into large corporations and small and medium-sized enterprises, and scores are given by evaluating items such as △ joint contracting and subcontracting performance with corporate partners, △ financial support for them, △ joint technology development and win-win activities with them, and △ credible reputation

Jinheung Enterprise Co., Ltd. attained a positive evaluation for strengthening the review of the legitimacy of subcontract amounts and executing funds to corporate partners in a timely manner for win-win cooperation with corporate partners.

According to the implementation of the Severe Accident Punishment Act, it also attained high points in safety evaluation items such as safety reinforcement measures related to accident prevention

To create a safe site with the goal of 'ZERO serious accidents', Jinheung Enterprise Co., Ltd. constantly actively implements measures to strengthen safety, such as delivering messages about safety, sharing onsite risk factors, and preparing countermeasures through monthly safety and health management activity meetings joined by safety executives, safety and health organizations, site managers, employees, and external professional inspection agencies. 

In addition, it continues to implement practical disaster prevention activities by undertaking activities companywide and identifying and improving high-risk factors through a smart app, with high-risk tasks being selected on a weekly/daily basis.

A total of 20 large construction companies, including Jinheung Enterpris, attained the highest rating, and will be given preferential treatment such as extra points and lowered penalty points in future tender bids for public construction projects under the Framework Act on the Construction Industry.

An official at Jinheung Enterprise Co., Ltd. said, “We will continue to strive as a company to strengthen our competitiveness by effectively communicating with our partners and pursuing win-win growth with them.”

Meanwhile, Jinheung Enterprise Co., Ltd. ranked 47th in the ‘2023 Construction Capability Evaluation’ ranking published by the Construction Association of Korea, rising five spots from the prior year, and has demonstrated steadfast performance and financial stability despite difficult construction industry conditions.