HDC Hyundai Development Company Strives to Resolve Issues at Gwangju Hwajeong I-Park... "Safety and Quality Reform"

HDC Hyundai Development Company announced on the 8th that it is enhancing its safety and quality management system and making every effort to manage the aftermath of the Gwangju Hwajeong I-Park accident.

At the Gwangju Hwajeong I-Park site, stabilization work is underway ahead of full-scale demolition. Stabilization work involves removing remaining exterior walls and debris that could fall, which is essential for the future safety of the site. Since July 6, the Gwangju Hwajeong Rebuilding Promotion Team has been conducting stabilization work, and HDC Hyundai Development Company is testing various construction methods to minimize damage to the surrounding area, proceeding with the continuous coring method, which produces the least dust and noise. The goal is to complete stabilization work within the year and begin demolition.

In May, the company decided on the electric demolition and rebuilding of Hwajeong-dong I-Park, which was most desired by the pre-sale buyers, and committed 370 billion KRW for the project. Recently, they have also established a comprehensive residential support plan worth 263 billion KRW to ensure that pre-sale buyers can live without inconvenience until move-in, and are proceeding with the support procedures.

Immediately after the accident, HDC Hyundai Development Company significantly extended the warranty period for structural safety defects of all newly occupied buildings after the accident from 10 years to 30 years to fundamentally alleviate consumer anxiety. This is an unprecedented measure. Additionally, proactive safety inspections have been initiated at other sites. Together with the Korea Society of Structural Engineers, a professional organization with the highest technical grade and credibility in the field of building structures, special safety inspections will be conducted by the end of the year on 73 sites and approximately 66,000 households completed within the last 10 years.

Comprehensive Residential Support Measures for Gwangju Hwajeong I-Park

A new organization has also been launched to manage safety and quality at the site. In February, HDC Hyundai Development Company newly appointed Vice President Jung Ik-hee, an external site expert, as Co-CEO and CSO (Chief Safety Officer), and completely reorganized the safety and quality organization. Recently, they have formed and are operating a Construction Innovation Team led by Professor Park Hong-geun of Seoul National University, the top authority in the domestic structural and quality fields.

An official from Hyundai Development Company said, "With a determination to resolve what we started, we will sincerely manage the aftermath of this accident until the end," adding, "We will restore trust in construction centered on safety and quality and be reborn as a corporate citizen working together with local communities, cities, and the nation."

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