IPARK Hyundai Development Company earns 'Excellent' rating in Shared Growth Index for second consecutive year

[Financial News] IPARK Hyundai Development Company, part of HDC Group, earned an 'Excellent' rating for the second consecutive year in the Korea Commission for Corporate Partnership's evaluation of the Shared Growth Index.
According to IPARK Hyundai Development Company on the 11th, the Shared Growth Index measures the level of mutually beneficial cooperation at each company by combining the Korea Commission for Corporate Partnership's comprehensive shared-growth assessment and the Korea Fair Trade Commission's assessment of compliance with fair trade agreements. The evaluation also includes a survey of partner companies' firsthand experience, in which they participate directly.
IPARK Hyundai Development Company retained its Excellent rating in the first assessment held after the rating system was revamped, maintaining for a second year the rating it had moved up one level to in the 2024 assessment.
IPARK Hyundai Development Company provides interest-free loans and advance payments to help stabilize its partner companies' operations, and operates an 82-billion-won shared-growth fund. It has also introduced a labor-cost management system to improve transparency in wage payments to partner-company employees.
This year, the company expanded the scope of its support for partner companies. It is helping them develop sales channels by taking part in the Korea Commission for Corporate Partnership's purchasing consultations, and safety officers visit partner companies' headquarters to provide occupational safety and health consulting. The company also offers environmental, social and governance (ESG) consulting, as well as management, technology and quality training.
It also holds events such as the 'Safety and Quality Declaration Ceremony' and '2026 Best Partners Day' to communicate with partner companies, and rewards those that achieve zero accidents.
In addition, the company held the '2026 IPARK Technology Proposal Contest' to foster technological cooperation. The contest, now in its sixth year, received a total of 114 technology proposals, and four outstanding technologies were selected last September.
The company will pursue joint technology development with the selected companies under a performance-sharing arrangement. After field testing (PoC), it plans to apply the technologies at actual construction sites and jointly file patent applications. It also operates a program under which it signs performance-sharing agreements with partner companies and distributes the improvements achieved jointly.
An IPARK Hyundai Development Company representative said, "This is a valuable result made possible by our partner companies, which steadfastly kept working on site despite the difficult construction market. Each partner company is a valued companion in building our sites together, and we will continue to listen to their voices and pursue a path of shared growth."

[email protected] Choi A-young Reporter