GS Engineering & Construction holds 'Gran Partners Fiesta 2026' with partner firms

GS Engineering & Construction held its annual partnership event, Gran Partners Fiesta 2026, on Monday at the Grand InterContinental Seoul Parnas in Samseong-dong, Seoul, bringing together CEO Heo Yun-hong, company executives and representatives from more than 80 partner firms.

Gran Partners Fiesta is GS Engineering & Construction's flagship partnership event, held continuously for more than 20 years since 2004. It was established to create a space where the company and its partners could grow together and communicate on equal footing.

This year's event centered on ways to apply advanced technologies — including physical AI — to construction sites, and on directions for strengthening the industry's long-term competitiveness. Expert lectures were delivered alongside presentations on physical AI technologies already deployed or planned for GS Engineering & Construction sites, and attendees freely exchanged views on expanding robot use at construction sites.

Heo stressed the importance of safety at the event and said, "The growth of our partner companies is the growth of GS Engineering & Construction." He added that the company would "expand practical support for partners and continue pursuing mutual growth and co-development based on principled management and open communication." He also said the company would "actively introduce advanced technologies, including physical AI, to build safer and more competitive job sites, and lead the future of the construction industry together with our partners."

GS Engineering & Construction operates the "Great Partnership Package" to establish fair trade practices and promote co-development with its partners. The program runs a range of practical support initiatives built around four pillars: fair trade order, financial support, competitiveness enhancement and horizontal communication.

Safety is treated as the top priority, with measures including advance payment of industrial safety and health management costs and financial support for dedicated safety managers at high-risk work types. Since 2021, the company has also operated a competitive bidding system to help partners secure adequate profit margins and maintain management stability.

To broaden financial support, GS Engineering & Construction runs an annual interest-free management support fund of 15 billion won ($11.2 million) and a 30 billion won co-growth fund. It also draws on a 4 billion won partnership fund to support small and midsize partners across technology and research and development, productivity improvement, and workforce training.

Meanwhile, GS Engineering & Construction posted operating profit of 232.4 billion won in the first half of this year, up 41.8 percent from 164.2 billion won in the same period last year.