Evaluation covers subcontracting performance, partner development and creditworthiness

Hanwha Building in Jangyo-dong. [Hanwha Construction Division]
Hanwha Building in Jangyo-dong. [Hanwha Construction Division]

Hanwha's construction division has received the top "excellent" rating for the second consecutive year in the Ministry of Land, Infrastructure and Transport's mutual cooperation assessment for construction companies.

The company announced Tuesday that it earned the "excellent" rating in the ministry's 2026 mutual cooperation assessment for construction companies, which the ministry released Monday.

The annual assessment, conducted by the Ministry of Land, Infrastructure and Transport, is designed to promote balanced development in the construction industry by encouraging cooperation between general and specialty contractors, as well as between large and small construction firms. It aims to facilitate smooth project execution and improve construction quality.

The evaluation takes into account joint contracting performance with partner companies, subcontracting records, partner development efforts and creditworthiness.

A total of 28 large construction companies received the top rating this year, including Hanwha's construction division, Samsung C&T, Hyundai E&C and GS Construction. Companies earning the top rating receive bonus points in pre-qualification evaluations for public procurement bids through the Public Procurement Service and local governments, as well as additional points in construction capacity assessments.

Hanwha's construction division has operated a range of co-prosperity programs, making the establishment of fair trade practices, enhancement of partner capabilities and stronger communication with partners the core pillars of its shared-growth policy.

This year, the company signed fair trade agreements with 205 partner firms and has been adhering to them. Since 2007, it has also incorporated the Korea Fair Trade Commission's four key practices into its internal regulations to embed a culture of fair trade.

Hanwha's construction division has also maintained a rating of "excellent" or above for nine consecutive years in the shared-growth index published by the Korea Commission for Corporate Partnership.

The company continues to provide financial and management support to help partners maintain stable operations. Key programs include direct loans from a shared-growth fund, indirect support through a dedicated investment fund, and an accounts-receivable collateral loan program that allows borrowing of up to 100 percent of contract value. The company has also expanded its management mentoring program, ESG consulting services and partner education support to strengthen the foundation for shared growth.

On-site communication has been formalized as well. Hanwha's construction division gathers partner feedback through meetings with top-performing partners and trade-specific forums. Cultural exchange activities — including group outings to Hanwha Eagles games and attendance at the Hanwha Orchestra Festival — are also part of the program.

"The technological capabilities and on-site competitiveness of our partners are the competitiveness of Hanwha's construction division itself," said Kim Woo-seok, chief executive of Hanwha's construction division. "We will build a business partnership that goes beyond one-sided support — one where we raise each other's expertise and create results together."


quq@heraldcorp.com