DL E&C Receives 'Highest' Grade in Win-Win Growth Index Evaluation for Two Consecutive Years

DL E&C has opened a Safety Experience School to practice mutual growth and conduct safety education.

[Asia Economy Reporter Onyu Lim] DL E&C (formerly Daelim Industrial) announced on the 15th that it received the 'Highest Excellence' rating in the '2020 Win-Win Growth Index Evaluation' announced by the Win-Win Growth Committee. With this, DL E&C was selected as the top win-win growth company for two consecutive years following last year.

The Win-Win Growth Index is a quantifiable indicator evaluated by the Win-Win Growth Committee to promote mutual growth among companies by assessing the efforts of large domestic companies to foster win-win relationships with their partners and the level of win-win growth. The evaluation results are announced annually and are divided into Highest Excellence, Excellence, Good, Average, and Poor. In this year's evaluation targeting 210 large and medium-sized companies, DL E&C was named among 36 companies that received the highest rating, 'Highest Excellence.'

DL E&C is focusing on establishing a fair subcontracting transaction culture. To this end, it applies the standard subcontracting contract form distributed by the Fair Trade Commission 100%. Additionally, it changed the contract process to a 'contract first - guarantee later' method for the first time in the construction industry, faithfully fulfilling the obligation to provide written documents.

Financial support is also provided to partner companies struggling due to a lack of operating funds. DL has established a total of 100 billion KRW scale win-win cooperation fund, including 50 billion KRW of direct win-win growth funds loaned interest-free and 50 billion KRW of win-win funds, to support partner companies. In particular, it is implementing payment conditions at the leading level in the construction industry. Cash payment is the principle, and 100% of cash-equivalent payment methods are used. Furthermore, to prevent financial difficulties for partner companies, the subcontract payment date has been advanced to the 10th of each month, a leading level in the construction industry, to expedite fund disbursement.

In addition, a systematic support plan is operated to practice the cultivation of management and operational capabilities of partner companies. DL directly bears the cost to provide financial consulting from external credit rating agencies to partner companies. To strengthen the capabilities of partner company executives and employees, education is also supported in business areas such as management innovation, cost reduction, labor, quality, safety, and environment.

DL E&C also supports the enhancement of digital competitiveness and productivity of partner companies. DL converts various information from construction sites analyzed through advanced equipment and IT technology into digital data and provides it to partner companies. It also loans expensive drones and machine control equipment free of charge and disseminates smart construction technology and know-how to utilize them. Through this, DL E&C plans to promote work efficiency and productivity improvement while supporting the digital innovation of partner companies.

Recently, DL E&C has been concentrating company-wide capabilities on site safety management directly related to the lives and safety of partner company executives and workers. To prevent serious accidents on site, it has secured regular site safety managers at the highest level in the industry. Since 2019, it has opened a safety experience school and expanded the target to include not only company executives and employees but also partner company executives and employees for safety education. Recently, the safety experience school, which was previously located in Yongin, was relocated to the DL Daedeok Research Institute in Yuseong-gu, Daejeon. The scale was expanded, and new educational facilities and content were added.