Newsletter

HDC Chairman Mong-gyu Chung, announcement of admission at 10 am… ‘Gwangju Disaster’ likely to take responsibility and resign

A public apology is due… The president of the Korea Football Association is likely to step down as well.

Chung Mong-gyu, Chairman of HDC Group, on the brink of a series of large-scale disasters

HDC Group Chairman Chung Mong-gyu bows his head during a press conference related to the collapse of the demolished building in Gwangju in the briefing room of Gwangju City Hall on June 10, last year. 2022.1.16 [연합뉴스 자료사진]
photo@yna.co.kr

(Seoul = Yonhap News) Reporter Mi-sook Seo = HDC Hyundai Development Company, which caused a series of major accidents at the Gwangju construction site[294870]Chairman Chung Mong-gyu of the company announced on the 17th his position regarding his future with an apology to the public.

According to Hyundai Development Company, Chairman Chung expressed his position on the collapse of the outer wall of Hwajeong I-Park in Seo-gu, Gwangju at 10 am on the same day at the headquarters of I-Park Mall in Yongsan, Seoul.

It is known that Chairman Chung will first apologize to the public for the ‘impossible’ incident and promise to prevent recurrence.

In particular, he is expected to announce his intention to resign while feeling responsible for the current situation.

It is known that Chairman Chung discussed the accident management plan and future measures with Yoo Byung-gyu, CEO of Hyundai Development Company, at the site of the Gwangju disaster on the 12th, the day after the collapse, and then spent the weekend pondering the issue of whereabouts at his home in Seoul.

Chairman Chung is expected to step down as president of the Korea Football Association, which he has been serving for 9 years.

Hyundai Development Company has been heavily criticized by public opinion for causing a large-scale fatal accident in the process of demolition of the redevelopment area in Gwangju in June last year, and the collapse of the outer wall of the Hwajeong I-Park apartment building under construction on the 11th, seven months later.

sms@yna.co.kr