HDC Hyundai Development to dismantle, rebuild, 8 structures HDC Hyundai Development is tearing down one structure in the I-Park complex that partially collapsed in January, killing six, and seven others in the same complex, and starting over, at the cost of almost $300 million. 2022.5.4
HDC protests Civic groups, including the People’s Solidarity for Participatory Democracy, demonstrate in front of the Federation of Korean Industries headquarters in Yeouido, Seoul where Hyundai Development Company’s annual shareholders meeting was held. 2022.3.29
![HDC Holdings Chairman Chung Mong-gyu, third from left, and HDC Hyundai Development executives apologize at the construction company's headquarters in Yongsan, Seoul, on Wednesday for the collapse of an apartment building under construction in Gwangju that killed six workers in January. [NEWS1]](https://image.koreajoongangdaily.com/10018365.jpg?imageId=10018365&width=240&height=184&format=webp&format=jpg)
![Civic groups, including the People’s Solidarity for Participatory Democracy, demonstrate in front of the Federation of Korean Industries headquarters in Yeouido, Seoul, on Tuesday, where Hyundai Development Company’s annual shareholders meeting was held. The construction company may be stripped of its business license as requested by the Land Ministry for the death of six workers for the collapse of an apartment building under construction in January in Gwangju. HDC is also responsible for the death of nine passengers on a bus when a building that was being demolished, also in Gwangju, collapsed in 2021. HDC management apologized and promised shareholders to make major changes. If the Seoul Metropolitan Government accepts the Land Ministry’s request, HDC will be the first construction company since Dong-A Construction in 1994, which was responsible for the collapse of a bridge into the Han River, to have its license revoked. [YONHAP]](https://image.koreajoongangdaily.com/11293805.jpg?imageId=11293805&width=240&height=184&format=webp&format=jpg)