Partnership expanded through 'Hoban Open Innovation Week'

Officials from Hoban Construction and its partner companies attend a procurement consultation session held as part of "Hoban Open Innovation Week" at COEX in Gangnam-gu, Seoul, in August. [Hoban Construction]
Officials from Hoban Construction and its partner companies attend a procurement consultation session held as part of "Hoban Open Innovation Week" at COEX in Gangnam-gu, Seoul, in August. [Hoban Construction]

Hoban Construction has maintained a rating of "excellent" or above on the co-growth index for 10 consecutive years.

Hoban Construction announced Thursday that it received an "excellent" rating in the co-growth index evaluation released by the Council on Cooperative Partnership. The company has earned a rating of "excellent" or higher every year since 2017.

The co-growth index measures the level of mutual cooperation between large corporations and small and medium-sized enterprises. It is calculated by combining, in equal proportion, the Council on Cooperative Partnership's comprehensive co-growth assessment and the Korea Fair Trade Commission's fair-trade agreement compliance evaluation.

Hoban Construction operates a range of support programs for its partner companies — covering financial aid, education and management consulting — to help them stabilize operations and sharpen their competitiveness.

The company annually selects and recognizes outstanding partners, providing co-growth support funds and business stabilization funds, while also helping partners maintain liquidity through prompt payment of construction fees. Financial consulting, employee job training and welfare benefits are also provided on an ongoing basis.

Hoban Construction is also running programs to strengthen the technological competitiveness of partner companies and innovative firms. In August, Hoban Group held "Hoban Open Innovation Week" at COEX in Gangnam-gu, Seoul, featuring an awards ceremony for its Hoban Innovation Technology Competition, an ESG co-growth vision declaration, a demo day and technology seminars. The event expanded opportunities for technology exchange and business cooperation between partner companies and innovative firms, and included the signing of an MOU with the Council on Cooperative Partnership to broaden mutual cooperation between large and small and medium-sized enterprises.

Since signing a "partner company ESG support project" agreement with the Council on Cooperative Partnership in 2021 — the first such agreement in the construction industry — Hoban Construction has continued to support sustainable management among its partners.

Hoban Group has contributed a cumulative total of more than 100 billion won ($74.8 million) to the large-and-small business and rural community co-growth cooperation fund through last year.

"Stable management and competitiveness among our partner companies are the foundation for growing together," a Hoban Construction official said. "We will continue to strengthen a mutually beneficial ecosystem in which we grow alongside our partners through practical management support and technology cooperation."

Meanwhile, Hoban Construction recently renewed its residential brand Hoban Summit for the first time in seven years, releasing a new brand identity and slogan. Alongside this, the company introduced a premium line called Hoban Summit Edition, conceived around the concept of "a downtown summit embracing nature," which it plans to apply to future development sites.


quq@heraldcorp.com