[Sponsored Report] Hyundai E&C aims to grow with subcontractors

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[Sponsored Report] Hyundai E&C aims to grow with subcontractors

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Hyundai E&C CEO Jung Soo-hyun meets subcontractors at the new Federation of Korean Industries building.

Hyundai E&C is going for accompanied growth with the small and medium enterprises it is working with, by listening to their hardships and offering practical solutions. While touring the newly-constructed Federation of Korean Industries building in June, the conglomerate executives and management teams had an active communication with the subcontractors encouraging a top-quality outcome. Until the end of year, they hope to make visits every month to the cooperative companies across the country.

“In order to continue growing with our fellow companies under the difficult economic condition, we will have more active communication about today’s hardships and solutions for brighter tomorrow,” Hyundai E&C CEO Jung Soo-hyun said.

In April, 29 selected enterprises grabbed an opportunity to tour Hyundai’s overseas construction sites in Southeast Asia for free. They toured construction sites worth multi-millions of dollars including Singapore’s South Beach development project, an underwater rock cavern oil storage facility that contains 9.8 million barrels, and an award-winning condominium construction site. They also stopped by a residential and commercial complex site in Hanoi, Vietnam as well as the Asian Development Bank-led thermal plant project.

It has never been easy to have overseas inspection tours due to cost, lack of experience and support on immigration. Hyundai’s subcontractors absorbed the local market characteristics and the most up-to-date construction trends. It is the third year for the conglomerate passing on its knowledge and analyses to them, minimizing any possible risks for the rookies.

As the next step of the mutual growth effort, the construction giant will launch a support program, in which employees from the associate companies are dispatched to Hyundai sites for a certain period and build up their own global experiences.

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