- Received an appreciation plaque from Gwangju Gyerim I-Park SK View, with gratitude.

- In June, garnered 90% support from Haktong 4 Zone, paving the way for the scheduled resumption of demolition next week.

- Will persist in efforts to restore trust through meticulous safety measures and quality management.

 

 

View of Gwangju Gyerim I-Park SK with an appreciation plaque received from the upcoming resident council. 

 

 

Hyundai Development Company, led by CEO Choi Ik-hoon, is building trust through meticulous quality management and business initiatives in the Gwangju region.

 

On the 25th of last month, the Gwangju Gyerim I-Park SK View Future Resident Council (Chairman Kim Min-woo) presented an appreciation plaque to Hyundai Development Company. The future resident council acknowledged Hyundai Development Company's swift resumption of construction following an order to halt work issued by the Gwangju Metropolitan City earlier this year. This quick resumption allowed for seamless progress towards occupancy last month. The council highly praised Hyundai Development Company for its differentiation in creating a landmark within the local community through distinctive features such as the first-ever media art media facade in Gwangju.

 

Prior to this, in June, Hyundai Development Company secured nearly 90% approval from members of the Gwangju Haktong 4 Zone Housing Redevelopment Cooperative during an interim general meeting. Even after the incident, Hyundai Development Company consistently collaborated with the cooperative, making efforts to restart construction. As a result, the construction suspension order was lifted in March, and demolition work is scheduled to resume from next week with the goal of commN.Thing construction in the first half of next year. Hyundai Development Company plans to respond to the trust shown by the Haktong 4 Zone cooperative members by dedicating its best efforts to project execution. They also plan to implement specialized features like a swimming pool and hotel-grade community.

 

The rebuilding of Hwajeong I-Park is also proceeding with the utmost emphasis on safety. In May, Hyundai Development Company decided to invest 370 billion KRW in the demolition and rebuilding project. For the rebuilding, they formed a dedicated team that includes external experts and began the external wall dismantling of Building 201 on July 6th due to concerns about stability. They are currently working on optimizing methods for complete demolition and rebuilding, as well as obtaining the necessary permits. For contract customers, comprehensive residential support measures are being formulated and carried out.

 

Moving forward, Hyundai Development Company plans to prioritize quality assurance through construction management, further enhance their ESG management system, and continue efforts to gain trust from the public through safety and quality management. Hyundai Development Company has established a Chief Safety Officer (CSO) organization to strengthen safety and quality management. They have also extended the structural safety guarantee period for all buildings to 30 years this year. Recently, they inaugurated the Construction Innovation Team headed by Professor Park Hong-geun, a leading expert in domestic architectural structural engineering at Seoul National University. They have also entered into a cooperative agreement with the Korea Institute of Construction and Living Environment Test Research, the largest testing and certification institution in Korea, and further strengthened concrete quality management.