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Founded | August 1999 |
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Headquarters | |
Key people | Chung Mong-Gyu (Chairman) |
Website | hdc-holdings |
HDC Group is a large Korean chaebol (conglomerate). It is active in a wide array of business fields including property, petrochemicals, retail, leisure, sports, and finance. The current chairman of HDC Group is Chung Mong-Gyu.
Hyundai Development Company was created in 1986 through the merger between Halla Construction and Korea City Development, two construction and development affiliates under Hyundai Group. In 1999, as part of a wider restructuring of Hyundai Group, Hyundai Development Company was spin off from Hyundai Group. Hyundai Development Group changed its name to HDC Group in 2018, following the adoption of a holding company structure. [1]
A collapse of an apartment building owned by the company killed 9 people. [3]
Name of company | Areas of business |
---|---|
HDC Hyundai Development Company | Construction |
HDC I&Cons Co.,LTD | Construction and real estate |
HDC Hyundai EP Co.,LTD | Chemicals manufacturing and sales |
HDC IPARK Mall Co.,LTD | Lease, wholesale, retail |
HDC I-Service Co.,LTD | Management service |
HDC I-Controls Co.,LTD | Electricity installation, building instrument installation, bulb and lamp manufacturing |
Hotel HDC Co.,LTD | Hotel operations |
HDC YoungChang Co.,LTD | Musical instrument production and sales |
HDC Sports Co.,LTD | Professional soccer club (Busan IPark) |
HDC Asset Management Co.,LTD | Finance |
Hyundai Motor Company, often abbreviated to Hyundai Motors and commonly known as Hyundai, is a South Korean multinational automotive manufacturer headquartered in Seoul, South Korea, and founded in 1967. Currently, the company owns 33.88 percent of Kia Corporation, and also fully owns two marques including its luxury cars subsidiary, Genesis Motor, and an electric vehicle sub-brand, Ioniq. Those three brands altogether comprise the Hyundai Motor Group.
Hyundai Group is a South Korean conglomerate founded by Chung Ju-yung. The first company in the group was founded in 1947 as a construction company. With government assistance, Chung and his family members rapidly expanded into various industries, eventually becoming South Korea's second chaebol. Chung Ju-yung was directly in control of the company until his death in 2001.
Asiana Airlines Inc. is a South Korean airline headquartered in Seoul. In 2019, it accounted for 25% of South Korea's international aviation market and 20% of its domestic market. It maintains its international hub at Seoul's Incheon International Airport, Gimhae International Airport in Busan and its domestic hubs at Gimpo International Airport, also in Seoul.
The Hyundai Motor Group is a South Korean chaebol headquartered in Seoul, South Korea.
HD Hyundai Heavy Industries Co., Ltd. is the world's largest shipbuilding company and a major heavy equipment manufacturer. Its headquarters are in Ulsan, South Korea.
Hyundai is a South Korean industrial conglomerate ("chaebol"), which was restructured into the following groups:
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Hyundai Card (Hangul:현대카드) is a credit card company under Hyundai Motor Group headquartered in Seoul, South Korea. In 1995, Hyundai Motor Group acquired Diners Club Korea, and changed its name to Hyundai Card in 2001. The company’s strategic alliance with the GE Consumer Finance in October 2005 boosted the fledgling business in the heavily competitive Korean credit card market.
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HD Hyundai (Korean: HD현대) is one of the largest South Korean conglomerates engaged in shipbuilding, heavy equipment, machine, and petroleum.
HD Hyundai Infracore Co., Ltd., formerly known as Doosan Infracore, is a South Korean company that manufactures construction equipment and engine. It is one of the largest construction equipment manufacturers by sales revenue. Doosan Infracore was acquired by Hyundai Heavy Industries Group in 2021.
HDC Hyundai Development Company was created in 2018 through a spin-off from HDC Group's holding company HDC Holdings. The company is active in real estate development, construction and hospitality.
Busan IPark is a South Korean professional football club based in Busan that competes in K League 2, the second tier of the South Korean football pyramid. They play their home games at Busan Gudeok Stadium.
Chung Mong-gyu, born in Seoul in 1961, is one of South Korea's top business leaders and the chairman of HDC Group. He has been serving as the 53rd President of Korea Football Association (KFA), a title held for 2 consecutive terms since 2013. In May 2017, he won a seat on FIFA Council. Chairman Chung received his bachelor's degree in business administration at Korea University in 1985, and completed his master's degree in politics, philosophy and economics at the University of Oxford in 1988.
Founded in 1988 as the Petrochemical Division of HDC Group, Hyundai EP signed technology transfer contract with Solvay Engineered Polymer in 1991, focusing on developing advanced technologies, and built a compounding factory in Dangjin in 1994 to start developing and producing automobile bumpers and interior materials. After the department's separation from HDC in January 2000, Hyundai Engineering Plastic was established and strived to pioneer an independent market. Hyundai EP is developing fast with 25% of average annual growth since its foundation in 2000.
The Hyundai Palisade is a mid-size crossover SUV manufactured by Hyundai Motor Company since late 2018. It replaces the Maxcruz as the flagship SUV under the Hyundai brand.
On Wednesday, 11 January 2022 at 15:46 KST, the façade of a 39-story apartment building under construction collapsed in Gwangju, South Korea, killing six workers. HDC Hyundai Development Company was investigated by the government, and its chairman resigned.
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