Jungheung Group announced on the 21st that it will make early payments for construction costs before the Lunar New Year to assist its construction and civil engineering partners in managing their finances smoothly. The total amount for this early payment by Jungheung Group is approximately 100 billion won, which will be paid entirely in cash.
Jungheung Group expects that early payments for construction costs will enable more than 30 partner companies at construction sites nationwide to smoothly pay wages and materials costs. Previously, Jungheung Group made early payments of 130 billion won for construction costs before the Chuseok holiday last year.
A representative from Jungheung Construction noted, "We have decided to make early cash payments for the construction costs to our partner companies," and added, "We will strive to grow together through mutual prosperity with our partners during these challenging times."