Jungheung Group to Pay Construction Fees Early Before Chuseok, Totaling 70 Billion Won

[Financial News] Jungheung Group will pay construction fees early ahead of the Chuseok holiday to help the partner companies of Jungheung Construction and Jungheung Togeon manage their finances. The payments total approximately 70 billion won.
According to Jungheung Group on the 14th, the construction payments will be made entirely in cash. The measure is intended to support the partner companies’ smooth financial management and business stability, including the purchase of raw materials and payment of wages. Jungheung Group previously paid 100 billion won in construction fees early before the Lunar New Year holiday.
Jungheung Group also operates an annual program to identify outstanding partner companies and provide various incentives, including exemptions from contract performance guarantee insurance. Kim Hae-geun, general manager of Jungheung Construction and Jungheung Togeon, said, "Especially when the construction industry is facing difficulties, it is Jungheung Group’s role and corporate philosophy to create an environment where companies can grow together through mutual cooperation."

[email protected] Kwon Jun-ho Reporter