- Held the first management strategy meeting since the holding company structure was completed last December
- Mong Gyu Chung, Chairman of HDC Group, emphasized the evolution of business and working strategy such as customer experience and business convergence
 
HDC Group (Chairman Mong Gyu Chung) held “The 2019 Management Strategy Meeting” at Pony Chung Hall, Samseong-dong IPark Tower, on Jan 3, 2019.
 
The meeting consisted of three sessions (Development & Construction, Solution & Manufacturing, and Operation & Service). CEOs of 14 affiliated companies including Mong Gyu Chung, Chairman of HDC Group, and Dae Cheol Kim, CEO of HDC Hyundai Development Company, and the directors of the headquarters attended the meeting. In each session, various discussions were conducted on the topics of “2019 External Management Environment Response Plan”, “New Business Model Initiative”, “Plan for Securing, Fostering, and Managing Excellent Talent”, and “Plan for the Expansion of Operation and Service Business and Profitability Enhancement” with emphasis on risk management in response to changes in internal and external management environment and higher uncertainty and competitiveness enhancement after announcing the management strategies of each affiliate.


HDC Group identified three core management tasks of 2019, “Risk and Cash Flow Management”, “Fortifying Business Competitiveness”, and “New Business Promotion”, from the management strategy meeting based on the understanding that collaboration between affiliates and group-level communication are necessary for properly responding to the changes in the external business environment.


Chairman Mong Gyu Chung concluded the meeting with saying, “HDC group has the basic competencies necessary for creating a synergy effect among affiliated companies including hotel and shopping mall operation and Big Data” and emphasized the evolution of business and working strategy by saying, “We have to think carefully about what kind of unique products and experiences HDC may offer to customers. Moreover, we have to be ahead of other competitors by providing new customer experience by converging business between groups.”
 
Meanwhile, HDC group divided Hyundai Development Company into HDC, a holding company, and HDC Hyundai Development Company in May of last year, and completed the transition to a holding company structure in December 2018. It is currently making medium- and long-term investment in various fields such as real estate development, social overhead capital, finance/investment, and cultural contents.