A Total of 1.03 Billion Won to Be Invested in Support Projects

The Korea Cement Association announced on the 23rd that it had signed the "Gangwon Cement Industry Mutual Growth Agreement" at the Sejong Hotel in Chuncheon, Gangwon Province, together with the Gangwon Provincial Government, Ministry of Employment and Labor, and the local cement industry in Gangwon.

Exclusive Sampo Cement Dedicated Ship Image. The Asia Business Daily DB

Exclusive Sampo Cement Dedicated Ship Image. The Asia Business Daily DB

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The signing ceremony was attended by Jeon Keunsik, Chairman of the Korea Cement Association; Bae Donghwan, CEO of Sempio Cement; Lee Hyunjun, CEO of Ssangyong C&E; and Lim Kyungtae, CEO of Halla Cement, among others. On the government side, Minister of Employment and Labor Kim Younghoon, Governor of Gangwon Special Self-Governing Province Woo Sangho, and heads of partner companies were present.


Under the agreement, Gangwon Province and the cement industry plan to cooperate in the following areas: establishing a safety and health system focused on prevention; enhancing the stability of skilled workforce employment; creating a safe working environment; strengthening welfare infrastructure; and implementing and spreading the results of the mutual growth agreement.


A total of 1.03 billion won will be invested in the "2026 Gangwon Special Self-Governing Province Cement Industry Regional Mutual Growth Support Project" promoted through the agreement. The funding consists of 600 million won from the national government, 330 million won from the provincial government, and 100 million won from the Korea Cement Association. Through this initiative, medical expense support, long-term service incentives, safety certification acquisition incentives, club operation grants, and welfare funds will be provided to employees of cement industry partner companies in the Gangwon region.



Jeon Keunsik, Chairman of the Korea Cement Association, said, "We hope that this mutual growth agreement will serve not only as a model for the sustainable development of the Gangwon cement industry but also as a representative example of industry and region advancing together,” adding, “We will further expand cooperation with partner companies and create a safer and more pleasant working environment, striving to create high-quality jobs that will allow young people to plan their futures in the region."


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