GS Power

Signing of Fair Trade and Mutual Growth Agreement

GS Power voluntarily enters into agreements to ensure fair transactions and compliance with laws, including the Subcontracting Act and the Fair Trade Act, and actively participates in government policies to promote mutual growth and ensure fair dealings.

Fair Trade and Mutual Growth Agreement

The number completed agreements with cooperating companies

The number completed agreements with cooperating companies
2022	2023	2024
66 companies	64 companies	59 companies

Operation of cooperating companies support program

GS Power operates various support programs for the mutual growth of cooperating companies, including financial support (Mutual Growth Funds), actively creating competitive supply prices, improving payment conditions, providing education and training, and offering direct/indirect management support.

SUPPORT
PROGRAM

Operation of Mutual Growth Funds

GS Power operates a mutual cooperation fund each year to provide financial support to its cooperating companies.
As of 2022, the company has deposited 500 million KRW in Shinhan Bank and 500 million KRW in IBK Industrial Bank to offer a 1% reduction/subsidy in loan interest rates. The details are communicated annually through an agreement.

Receiving the Best Award in the Safety and Health Mutual Cooperation Program

GS Power's Anyang Office

received the Grand Prize at the "2021 Safety and Health Mutual Cooperation Program Excellent Case Presentation Competition."

The Safety and Health Mutual Cooperation Program is a policy initiative led by the Ministry of Employment and Labor and the Occupational Safety and Health Administration to address the safety and health gaps with vulnerable subcontractors and to promote workplace environment improvements and the spread of safety culture where everyone can work safely.

GS Power has consistently maintained the highest safety grade of "A" for six consecutive years through systematic three-stage safety and health education and the operation of the "STOP Program." At the Anyang Combined Heat and Power Plant, efforts from employees and executives to enhance safety and health management and active support for cooperating companies have produced good results in areas aimed at upgrading safety and health management, such as the introduction of a Smart Safety Management System. In the future, GS Power plans to continue investing in the safety and accident prevention of cooperating companies. This is to create a safe workplace where all employees and executives, cooperating company workers, customers, and others are not excluded from safety.

Supporting cooperating companies through Mutual Cooperation Program

GS Power actively supports its cooperating companies through various means as part of its symbiotic cooperation program.

First of all, GS Power holds an annual accident-free resolution conference in collaboration with its cooperating companies to achieve zero accidents within its business units.
Additionally, GS Power provides support for risk assessments for cooperating companies and distributes safety and health equipment to cooperating company employees during the summer and winter seasons to ensure their well-being.
Furthermore, GS Power provides safety equipment rentals to support its cooperating companies in addressing any deficiencies in on-site safety management. In addition, employees are encouraged to participate in safety training conducted by the safety department before commencing work, with the aim of enhancing safety awareness and preventing accidents.
GS Power also conducts workplace environment measurements and office disinfection for cooperating companies to ensure the health and well-being of their employees and executives, particularly in the context of COVID-19 infection prevention.

GS Power

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