Fair-trade agreements signed with 205 partner firms this year

The Hanwha Group headquarters in Jangyo-dong, Seoul. [Hanwha Construction Division]
The Hanwha Group headquarters in Jangyo-dong, Seoul. [Hanwha Construction Division]

Hanwha Construction Division has received an "excellent" or higher rating in the Co-growth Index evaluation for 10 consecutive years.

The company announced Wednesday that it earned an "excellent" rating in the 2025 Co-growth Index evaluation released by the Co-growth Committee, extending its streak of "excellent" or higher ratings to a decade.

The Co-growth Index measures the level of mutual cooperation between large corporations and small and medium-sized enterprises. The Co-growth Committee compiles results from its own comprehensive co-growth assessment and the Korea Fair Trade Commission's fair-trade agreement compliance evaluation to issue ratings across five tiers.

Hanwha Construction Division runs its co-growth programs around three strategic priorities: establishing a fair-trade culture, strengthening partner firms' capabilities, and deepening communication with partners.

This year, the company signed fair-trade agreements with 205 partner firms. Since 2007, it has incorporated the Korea Fair Trade Commission's four core compliance practices into its internal regulations, and has reinforced ethics and compliance management through employee ethics education and internal control systems.

The company also provides financial support to help stabilize partner firms' operations. Programs include direct co-growth loans, a co-growth fund, and an accounts-receivable secured lending scheme that allows borrowing of up to 100 percent of contract value.

Alongside this, the company offers a business advisory program, partner education, and environmental, social and governance consulting. Starting this year, it expanded its support to cover ESG infrastructure development for partners, including carbon emissions calculation and safety and environmental facility improvements.

Communication initiatives with partner firms are also ongoing. The company has regularized meetings with top-performing partners and trade-specific forums, and operates food trucks at construction sites nationwide — including Hanwha Forena apartment sites — during extreme heat and cold. Cultural exchange programs include group cheering events at Hanwha Eagles games and outings to the Hanwha Symphony Orchestra Festival.

"Mutual growth with our partners is a key competitive advantage for sustainable development," said Kim Woo-seok, chief executive of Hanwha Construction Division. "We will continue to expand our co-growth partnership so that we can move forward together — further and farther — on the foundation of mutual trust."

Meanwhile, Hanwha Construction Division is offering pre-sales for Hanwha Forena Jije Station, a 1,098-unit residential complex in Pyeongtaek, Gyeonggi Province. The development comprises 12 buildings rising up to 27 above-ground floors over two below-ground levels, with units of 84 square meters accounting for about 86.5 percent of the total. A model home opened Friday, marking the start of the formal pre-sale schedule.


quq@heraldcorp.com