- Core of The Smart Organization to create values

 

Hyundai Development Company (Chairman Mong Gyu Chung) appointed two executives and promoted 19 personnel; the total number for promotion and appointment is 21 including its affiliated enterprises. The 2017 personnel appointment comes into effect as of January 1.

 

The personnel appointment for 2017 focuses on improving the sustainable corporate capability through the management philosophy “management for both the present and the future” by appointing the president in the field of business management, concentrating on the core business and creating future growth power.

 

Dae Cheol Kim, president of Hyundai Development Company business management, served as the president of Hyundai Development Company Asset Management and I-Controls, the chief director of planning of Hyundai Development Company, and the executive of the construction management department; he is considered a competent person who will take the lead in carrying out strategies for the future growth of the group.

 

Kyung Il Jang is an expert in design and product development who has been promoted to vice president (chief director) of the construction and housing business. He will play an important role in enhancing the corporate capability of developing products and planning real estate projects and contribute to solidifying the position of the group as the best developer in South Korea.

 

Jong Sik Lee, the new president of I&CONS is a specialist in the entire field of architecture, including planning, construction, and operation. He is planning to concentrate on creating new growth power by improving the capability for developing the businesses of I&CONS.

 

Kyung Gu Jeong, the new president of Hyundai Development Company Asset Management who served as the chief executive of Hyundai Development Company Asset Management and SHINHAN Investment Corp., is well known as the representative talented individual for planning and financial affairs.

 

The third-quarter consolidated financial statement shows that the company achieved sales revenue of 3,353,100 million, business profits of 388,800 million and a net profit of 257,000 million. Compared to the third quarter of the last year, business profits rose up to 60.9% and net profits rose up to 37.6%. Moreover, the status of zero-debt management is retained, with a gradual decrease in debt and increase in cash holdings.

 

Based on its stable financial status, Hyundai Development Company is planning to continue to pursue a sustainable management system and secure new growth power by enhancing the capability of overcoming hardship and of executing against uncertainty.