HDC Hyundai Development Company Pledges Successful Completion of Asiana Airlines M&A

[Asia Economy Reporter Inho Yoo] HDC Hyundai Development Company announced on the 25th that it will successfully complete the acquisition and merger (M&A) of Asiana Airlines.

Kwon Soon-ho, President of HDC Hyundai Development Company, said in a greeting at the shareholders' meeting held at Yongsan I'Park Mall in Yongsan-gu, Seoul on the 25th, "Internally, there is an important task to boldly execute the successful completion of the M&A, management stabilization, and future growth strategy," adding, "This year should be one that turns market concerns into trust through the rapid stabilization of bold investments pursued last year."

President Kwon said, "To this end, we must focus on creating synergy among affiliates through the expansion of the group's scale," and added, "We will diversify our business portfolio including aviation, transportation, logistics infrastructure, hotels, resorts, power generation, and energy businesses, and proactively discover new points of added value creation."

President Kwon showed strong determination toward the existing core business in the construction sector. He promised to successfully carry out construction projects such as the Gwangwoon University Station area project and the Uijeongbu complex development project.

He diagnosed, "Successful leaps through new businesses are possible only when the existing core business groups lead steady growth. However, due to the lingering effects of accumulated supply shortages, difficulties in achieving management goals are expected this year."

He added, "Mega projects such as the Gwangwoon University Station area project and the Uijeongbu complex development project, which require large-scale funding, will be thoroughly prepared by concentrating all the capabilities accumulated within the organization so that they can become a strong stepping stone for the group in the future."

This content was produced with the assistance of AI translation services.