GS Engineering & Construction discussed the application of Physical AI and robotics technology with over 80 partner companies. The company also plans to expand financial, technological development, and safety management support for its partners.
On October 12, GS Engineering & Construction held the 'Grand Partners Fiesta 2026' at the Westin Seoul Parnas in Gangnam, attended by CEO Heo Yoon-hong and representatives from more than 80 partner companies.
This year's event featured expert lectures on Physical AI and shared technologies that have been implemented or are planned for future use at GS Engineering & Construction sites. Executives and partner representatives discussed ways to utilize and expand robotics in construction.
Support for partner companies includes an annual interest-free management support fund of 15 billion won and a mutual growth fund of 30 billion won. Additionally, a 4 billion won cooperative fund is being used to support small partner companies in technology and research development, productivity improvement, and workforce training.
According to GS Engineering & Construction's shared growth system, subcontractor payments are made within 10 days, and cash payment rates are maintained at over 95%. In addition to financial support, the company operates programs for performance sharing, joint technology development, dedicated safety management personnel, and ESG consulting.
In the safety sector, the company pre-pays industrial safety and health management costs to partners and supports costs for deploying dedicated safety personnel in high-risk areas. Since 2021, GS Engineering & Construction has implemented a fair competition bidding system that complements the lowest bid approach, ensuring that partners secure appropriate construction costs and profits.
GS Engineering & Construction has expanded support for partners not only in finance but also in safety and transaction systems. The company pre-pays industrial safety and health management costs at the start of construction and supports costs for deploying dedicated safety personnel in high-risk areas.
The selection process for partners has also been revised. Since 2021, the company has moved away from solely determining bidders based on price, instead evaluating construction capabilities, safety, and quality through a 'fair competition bidding system.' This aims to secure appropriate profits and management stability for partners while enhancing quality and safety standards.
Heo Yoon-hong, CEO of GS Engineering & Construction, stated, "The development of our partner companies is the development of GS Engineering & Construction. We will actively introduce advanced technologies, including Physical AI, to create safer and more competitive construction sites."
* This article has been translated by AI.
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