- Group personnel appointments and subsidiary organizational restructuring carried out for restoring trust and strengthening future preparedness. 

- Organizational restructuring of Hyundai Development Company (HDC) for successful execution of core projects and enhancement of capabilities.

- Strengthening resort and hotel businesses, fostering new AI and data-based ventures, and venturing into the energy sector.

 

HDC Group (Chairman Chung Mong-gyu) is conducting regular executive appointments and organizational restructuring in 2023. This round of appointments and restructuring aims to strengthen market trust and future preparedness in the face of uncertain business environments. The focus is on selecting leaders based on performance and capabilities, fostering dynamic changes, and creating new business opportunities. HDC Group plans to enhance the resort and hotel sector, foster new AI and data-based ventures, and venture into the energy sector.

 

Hyundai Development Company (HDC) is undergoing organizational restructuring to restore trust and enhance future preparedness. HDC has presented a vision for the complex development projects of the group, established the H1 Business Team for the successful execution of the Gwangwoon University Station area development project, and formed the A1 Project Team directly under the CEO's office for responsible construction of Hwajung I-Park. Additionally, to drive innovation in organizational culture, the Corporate Culture Innovation Office has been established, and a Design Team has been formed to enhance design and R&D capabilities. HDC aims to rigorously manage the performance indicators of the Construction Division and CSO (Customer Service Organization) to strengthen quality and safety capabilities. The company also aims to enhance overall strategic planning capabilities in management and sales departments to respond to rapidly changing environmental circumstances.

 

Furthermore, HDC Group has appointed the following individuals to key positions: ▲ Kim Hoe-eon, CEO of Hyundai Development Company ▲ Lee Sung-Yong, CEO of Hotel HDC ▲ Cho Young-Hwan, CEO of HDC Resort, as Vice Presidents; ▲ Lee Heung-Bok, CEO of Tongyeong EcoPower, as an Executive Director; ▲ Jo Heung-Bong, CEO of Seoul-Chuncheon Expressway, ▲ Kim Jung-Seop, CEO of Bukhang I-Bridge, as Senior Executive Directors. Additionally, appointments have been made for ▲ Kim Hee-Bang, CEO of Real Estate 114 ▲ Lee Jong-Won, CEO of Masan I-Port. These appointments total 24 individuals and will be effective as of January 9th.

 

Kim Hee-Bang, the newly appointed CEO of Real Estate 114, joined Hyundai Development Company in 1999 and has held various positions including HR Innovation Team Leader, Public Relations and Marketing Team Leader, and Director of Future Innovation. Since 2020, he has been serving as the head of Management Innovation at HDC Labs (formerly HDC Icon Controls), and from 2022, he has also taken on the role of BM Innovation Division Chief. Kim Hee-Bang also concurrently serves as the BM Innovation Division Chief at HDC Labs. Lee Jong-Won, the newly appointed CEO of Masan I-Port, joined Hyundai Development Company in 2005 and has extensive experience in the development and management of infrastructure projects, having been involved in projects such as Masan Port Development and Busan New Port Phases 2-4.