HDC Group Chairman Chung Mong-gyu is making a public apology and announcing his position regarding his future at the HDC Hyundai Development Company Yongsan headquarters in Seoul on January 17, following the collapse of the outer wall of Hwajeong I-Park in Seo-gu, Gwangju. Photo by Jinhyung Kang aymsdream@

HDC Group Chairman Chung Mong-gyu is making a public apology and announcing his position regarding his future at the HDC Hyundai Development Company Yongsan headquarters in Seoul on January 17, following the collapse of the outer wall of Hwajeong I-Park in Seo-gu, Gwangju. Photo by Jinhyung Kang aymsdream@

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HDC Hyundai Development Company (HDC Hyundai) announced on the 7th that it will fully accept the contents proposed by the Emergency Safety Committee, an emergency countermeasure organization, including the 'priority employment of safety and quality management personnel.'


The Emergency Safety Committee, established as an emergency countermeasure organization of HDC Hyundai in January to handle the accident in Hwajeong-dong, Gwangju Metropolitan City and to innovate safety, concluded its two-month activity and proposed measures to reform safety and quality on the 7th.


The Emergency Safety Committee, led by Chairman Lee Bang-ju (Chairman of JR Investment Management, former President of Hyundai Motor Company, and Vice Chairman of HDC Hyundai), included former presidents and executives of HDC Hyundai. Through extensive interviews with employees and gathering external opinions, they sought ways to restore HDC Hyundai’s safety and quality system.


Chairman Lee Bang-ju said, "To diagnose the company’s severe crisis and improve the system, we listened sincerely to the voices of employees at the site and headquarters, and felt their sense of responsibility and willingness to change." To supply safe and excellent quality products, he proposed ▲priority expansion of employment for safety/quality management personnel ▲improvement of site operation methods ▲change in the selection method of partner companies for major construction types ▲establishment of a CSO organization and strengthening of safety organization ▲strengthening of engineering organization ▲conversion of excellent contract workers to regular employees ▲improvement of treatment to boost employee morale.


In response, Yoo Byung-kyu, President of HDC Hyundai, immediately stated in a CEO message, "We will accept 100% of the Emergency Safety Committee’s proposals and actively promote them by preparing concrete implementation plans." He added, "To restore consumer trust, we will continuously improve systems and organizational culture by listening to the opinions of stakeholders including employees, customers, and partner companies."


According to the proposal, HDC Hyundai plans to ▲prioritize employment of personnel for process, safety, and quality management, ▲improve site operation methods, and accordingly expand and supplement site personnel. In addition, ▲the selection method for major processes and special construction methods will be improved, and ▲the engineering organization will be strengthened through organizational restructuring by reinforcing the construction technology team and the mechanical and electrical team.


Furthermore, ▲to secure excellent talent, opportunities for converting contract workers to regular employees will be gradually expanded, and ▲employee treatment will be improved in line with accident recovery and business stabilization.



Prior to this, following the Emergency Safety Committee’s proposal, HDC Hyundai newly appointed Vice President Jeong Ik-hee as Co-CEO and CSO on the 21st of last month and has begun establishing the CSO organization and strengthening the safety organization.


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

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