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Hanwha Engineering & Construction pledged to promote fair trade with its subcontractors as part of efforts to share growth, company officials said Thursday.
The builder concluded an agreement for fair trade with its partners at the Federation of Korean Industries in Yeouido, central Seoul, on Wednesday.
The builder concluded an agreement for fair trade with its partners at the Federation of Korean Industries in Yeouido, central Seoul, on Wednesday.
Under the agreement, Hanwha E&C will create a 15 billion won ($12.2 million) fund to financially support subcontractors and provide loans if necessary.
In the signing ceremony, company CEO Choi Kwang-ho and representatives from subcontractors came together to establish fair trade order, said company officials.
Since 2009, Hanwha E&C has held various events such as “Co-prosperity DAY,” becoming a corporate model in promoting good relations through fair trade.
By Lee Seo-young (seoyounglee@heraldcorp.com)
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